Financial Daily from THE HINDU group of publications
Sunday, May 12, 2002
Financial Daily from THE HINDU group of publications Sunday, May 12, 2002 |
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MONEY & BANKING FOREX Forex reserves rise $304 m FOREX reserves of the country rose by $ 304 million to touch $ 55.620 billion for the week ended May 3, 2002, as compared to $ 55.316 billion in the previous week, as per latest figures released by the RBI. Foreign currency assets held in the ... More GENERAL INSURANCE www.ingvysyalife.com -- Simple and serious ING Vysya Life Insurance's domain is spartan, providing for quick and simple access. The material is logically organised without redundant links. Clicking on the menu bar lists out the subsections on the site. The only ever flashy graphic on the ... More PUBLIC SECTOR BANKS SBI Bengal Circle net at Rs 230 cr STATE Bank of India's Bengal Circle with a branch complement of 785 spread over West Bengal, Sikkim and Andaman & Nicobar Islands, recorded a net profit of Rs 230 crore in 2001-02. According to a press release, the bulk of the incremental ... More
Canara Bank net up at Rs 741 cr INTEREST RATES UCO Bank to cut deposit rates UCO Bank has decided to reduce the rate of interest on deposits having maturity period two to three years from 8 per cent to 7.75 per cent, and for the period three years to five years from 8.25 per cent to 8 per cent. According to an official ... More FIXED DEPOSITS TNPL: Fine print IN LINE with the falling interest rates in the economy, the interest offered by Tamil Nadu Newsprint and Papers on fixed deposits have dropped by around 150-175 basis points in the last year. TNPL accepts both cumulative and non-cumulative ... More IPOS No book-building route for Canara Bank IPO STATE-owned Canara Bank said that it would return Rs 175-Rs 225 crore capital raised through an initial public issue to the Government. The bank will come out with its much-delayed maiden public issue in August-September. Work towards fixing ... More CO-OPERATIVES Co-op banking: System riddled with holes INVESTMENT in government securities may be the safest avenue for parking one's surplus funds. But recent events suggest that it is so only if one can safely negotiate the treacherous path laid out by unscrupulous traders in the journey towards ... 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 May. 5-May. 11 Western Union has big plans in money transfer sector Forex reserves rise $243 m Govt still undecided on separate regulator for urban co-op banks R. K. Talwar: A banker ahead of his times Maharashtra probing all co-operative banks 2 more co-op banks to be superseded Banks charge rates at monthly rests Big bucks come from corporate portfolios `Banking industry in peril, wages can wait' Commissioner of seamen PF to go -- DG Shipping lodges plaint with CBI |
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