Financial Daily from THE HINDU group of publications
Wednesday, May 22, 2002
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Financial Daily from THE HINDU group of publications Wednesday, May 22, 2002 |
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MONEY & BANKING FOREX Re up 5 paise; gilts rise Mumbai: THE rupee closed firmer on Tuesday by around 5 paise at 48.98/99 against the dollar as compared to the previous close of 49.0350 in the forex market. The domestic currency opened at 49.0350/0450. Forex dealers said that the market ... More GENERAL INSURANCE IRDA licence for 5 more third party administrators THE Insurance Regulatory and Development Authority (IRDA) has issued licences to five more Third Party Administrators (TPAs) taking the total number of licenced TPAs to 19. Out of the five new companies three are from New Delhi, while the ... More FINANCIAL POLICY Asset prices: The new monetary policy variable? ASSET price inflation is the hottest topic in financial policy-making and markets today. All these years, the world was focused on conventional inflation — increases in commodity prices and wages feeding through to other prices and ... More CREDIT RATING Fitch India affirms Ind AAA rating of Reliance FITCH ratings India has affirmed the Ind AAA debt rating of Reliance Industries Ltd (RIL) following the announcement of the sale of 26 per cent equity stake in Indian Petrochemicals Corporation Ltd (IPCL) to RIL by the Union Government. RIL is ... More
PRIVATE BANKS Vysya Bank Q4 net down at Rs 3.72 cr VYSYA Bank Ltd reported a net profit of Rs 3.72 crore for quarter ended March 31, 2002, down 57.04 per cent from Rs 8.66 crore, a year ago. However, the total income surged to Rs 329.65 crore in the fourth quarter of 2001-02, up 23.43 per cent ... More
Lord Krishna Bank net up at Rs 19.71 cr CREDIT CARDS & DEBIT CARDS BPCL petro card soon to have multiple uses The oil company was in talks with several corporates, including PSUs, to enrol them as members of its value-added service cards, said a senior BPCL official. "We want to combine utility payments with the petro card through which the customer ... More
HDFC Bank silver card launched EVENTS Banks urged to lend more to small sector THE small scale sector is far less responsible for the build up of non-performance in banks. The banks should recognise this fact and be more flexible in lending to the SSIs, Mr C P Rangachar, Chairman— National Council for Small Industries ... More NEW PRODUCTS & SERVICES Union Bank remittance scheme for Gulf NRIs Union Bank of India (UBI) has launched the `Union Express Remittance Scheme', which will cater to the needs of the non-resident Indian population in West Asia. The Union Express will reduce the time lag in the receipt of a draft by the ... 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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