Financial Daily from THE HINDU group of publications
Tuesday, May 21, 2002
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Financial Daily from THE HINDU group of publications Tuesday, May 21, 2002 |
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MONEY & BANKING FINANCIAL SERVICES Remove market access barriers for financial services: FICCI THE Federation of Indian Chambers of Commerce & Industry (FICCI) has said that in the current WTO negotiations, Indian negotiators should ensure the removal of barriers faced by the Indian financial services abroad. The Indian financial service ... More FOREX Rupee weak; gilts decline Mumbai: THE rupee closed slightly weaker on Monday at 49.0250/0350 against the dollar as compared to Friday's close of 49.01/02 in a volatile forex market. Forex dealers said, that forward premiums surged following anxiety over statements made ... More CREDIT POLICY Credit Policy: Road map for better banking system THE Monetary and Credit Policy has the best blend of measures to speed up the second-generation reforms, and take banks towards the best practices, globally. The processes of deregulation, regulations and re-regulation are to infuse more strength ... More NBFCS HOUSING FINANCE 
Room for more in home loans spaceIT has never been so good for seekers of housing finance with interest rates having fallen as much as 1.5-2 per cent over the past year. With recent cuts from market leader HDFC, the market seems to be poised for yet another spate of cuts ... More LIFE INSURANCE LIC to expand overseas operations THE Life Insurance Corporation of India is looking to expand its international operations - to Oman, Sri Lanka and the US. The insurer, which has operations in the UK, Mauritius, Bahrain, and a joint venture in Nepal, will start operations in ... More
LIC agent, a millionaire? GENERAL INSURANCE Hiring third party administrators -- PSU insurers seek GIPSA help in framing norms THIRD party administrators (TPAs), the new intermediaries in the health insurance market, have a long wait ahead of them before they are hired by the public sector insurance companies. In their keenness not to violate the tendering norms ... More RBI & OTHER CENTRAL BANKS RBI bans physical deals with brokers THE Reserve Bank of India today banned all transactions in physical form with brokers by RBI regulated entities, with immediate effect. In a circular today, the central bank said that "no further transactions by a regulated entity should be ... More PUBLIC SECTOR BANKS SBI asked to look for alternatives to IT venture THE Finance Ministry has asked the State Bank of India (SBI) to explore alternative options other than setting up of a wholly-owned subsidiary for information technology. The bank's proposed IT venture is seen as part of its move to accelerate ... More
FINANCIAL INSTITUTIONS SIDBI posts lower net at Rs 282 cr SMALL Industries Development Bank of India (SIDBI) has recorded a lower net profit for the financial year 2002 at Rs 282 crore on account of the provision of income-tax of Rs 152 crore and deferred tax adjustment of Rs 29 crore. Until last year ... More CORPORATE BONDS Pvt placement for Rs 50 cr -- Srei-led team, 3 others get Gridco mandate for bonds The size of the placement is Rs 50 crore, with an option to retain a further sum of Rs 50 crore, and the tenor is for 7 years, with redemption to the extent of 30 per cent in 5th year, 30 per cent in 6th year and 40 per cent in 7th year. There will b e a put/call option after 4 years. More
Govt guarantee for APGenco bonds issue FIXED DEPOSITS Repco Bank forecloses 25-year scheme REPCO (Repatriates Co-operative) Bank, which launched the 25-year RSJB (Repco Silver Jubilee Bond) Scheme in 1994 to commemorate the Silver Jubilee year of the bank, has started foreclosing the scheme within 10 years of its launch. The bank ... 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. 12-May. 18 No book-building route for Canara Bank IPO `CAG audit failed to detect misuse of seamen fund' Maintaining interest rate on deposits: Detail investment plan to justify 9.5 pc, EPFO told RBI rules out change in G-sec trading norms RBI rapped for secrecy over wilful defaulters' list Registry for high-value financial deals proposed Citicorp Finance to take stake in 2 Shriram cos ATM spree: Street-corner banking is here to stay `Third-party claim losses unsustainable': Oriental Insurance dives for cover Home Trade bank accounts sealed |
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