Financial Daily from THE HINDU group of publications
Thursday, May 09, 2002
Financial Daily from THE HINDU group of publications Thursday, May 09, 2002 |
|
|
|
|
|
MONEY & BANKING FOREX Re remains calm; gilts decline Mumbai: THE rupee closed at 48.9450/9550 against the dollar, as compared to the previous close at 48.96/9675 in a dull forex market on Wednesday. The rupee opened at 48.96/97. Forex dealers contend that dollar supplies have been flowing in ... More INSURANCE Insurance council to make fresh plea on service tax THE Life Insurance Council, a representative body of life insurers functioning under the Insurance Regulatory and Development Authority (IRDA), would be making a fresh plea to the Government to reverse its decision to impose a 5 per cent service ... More
KSCARDB: Blending banking with insurance HOUSING FINANCE Can Fin Homes cuts rates BANGALORE: Can Fin Homes Ltd has cut rates on home loans by 50 basis points for all repayment periods above five years. The new rate for 6-10 year term is 10.75 per cent for loans up to Rs 2 lakh and 11.25 per cent for loans above Rs 2 ... More PRIVATE BANKS Big bucks come from corporate portfolios RETAIL banking may be the buzzword for banks but the big bucks still come from corporate/wholesale banking going by the segmental revenues of five new private banks for the fiscal ended March 2002. Banks are required to give a break-up of their ... More
South Indian Bank to foray into retail market PUBLIC SECTOR BANKS Listed PSBs want norms aligned with Cos Act PUBLLIC sector banks which are listed on stock exchanges are seeking changes in the general regulations under the Bank Nationalisation Act in order to align them with the recent changes in the Companies Act. According to bankers, these changes ... More
SBM deal with West Asia exchanges
Corporation Bank to interconnect twin city ATMs INTEREST RATES Andhra Bank reduces PLR with rider ANDHRA Bank has announced a reduction of 25 basis points in its prime lending rate (PLR) here on Wednesday. However, the bank said the reduction in PLR to 11.75 per cent from the existing 12 per cent would come into effect from May 15 only for ... More CO-OPERATIVES 
Bank rescues tea growers with novel ideaWHEN Malanad Service Co-operative Bank Ltd, Wagamon (Idukki district) realised that about 8,000 small tea growers to whom it had advanced funds were unable to service the loan and interest thereof, the bank solved the problem in a sensible manner ... More
Gilt scam claims another co-op bank in Mumbai TRENDS Slump in short-term bank claims: BIS THE shift out of short-term debt apparent in securities markets for much of 2001 spread to the global banking market in the fourth quarter as international claims with a remaining maturity of one year or less booked by banks dropped sharply ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Apr. 28-May. 4 Forex reserves cross $55 b Cut in savings bank rates expected No separate supervisor for urban co-op banks Banks asked to adopt flexible interest rates ICICI Prudential unveils two new pension schemes You bet, forex is the bigger asset! HC to the rescue of MCC Fin depositors -- API told to hand over Bhandup land for sale Fresh norms for nidhis on deposits timeframe Live events turn on insurance cos |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home | Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |