Financial Daily from THE HINDU group of publications
Saturday, June 01, 2002
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Financial Daily from THE HINDU group of publications Saturday, June 01, 2002 |
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MONEY & BANKING FOREX FIPB wants RBI to probe four cos under FEMA THE Foreign Investment Promotion Board (FIPB) has ordered investigations into four cases of possible violations of the Foreign Exchange Management Act (FEMA). The FIPB has directed the Secretariat for Industrial Assistance (SIA) to take up the ... More
INSURANCE Reliance taking time to move into insurance RELIANCE Industries Ltd (RIL) has delayed its entry into the life insurance business, despite being one of the first entities to obtain a first-stage approval from the Insurance Regulatory and Development Authority (IRDA). So far Reliance has ... More SOFTWARE Datanet to offer cheaper ASP model for bank automation Datanet Systems Ltd, a transaction automation products company, is set to offer its corebanking and anytime banking solutions on an ASP platform through its services arm, Datanet eCommerce Services Ltd. More HOUSING FINANCE HDFC opens office in Gulbarga HOUSING Development Finance Corporation (HDFC) today opened its branch office in Gulbarga to cater to customers in Chincholi, Aland, Shahbad and nearby areas of Bijapur, Bidar and Raichur. The new office was formally inaugurated by Mr R.V.S. ... More GENERAL INSURANCE IRDA steps in to end stand-off on motor tariff portfolio UNDER intense pressure from the transport industry, the Insurance Regulatory and Development Authority (IRDA) has stepped in to restore order in the motor insurance business. In a fresh circular, IRDA has directed the insurance companies to end ... More
New India premium income up CREDIT RATING RBI & OTHER CENTRAL BANKS Bhagwati deputed to World Bank DR JAIMINI Bhagwati, Joint Secretary, Capital Markets and External Commercial Borrowings (CM & ECB) division in the Finance Ministry, is set to head the Market Risk Group in the Corporate Finance Department of the World Bank. According to ... More PRIVATE BANKS PUBLIC SECTOR BANKS Public sector bank profits show 100 pc growth PUBLIC sector banks have seen their profits zoom in fiscal 2002. Net profits of 186 banks (out of 27) that have announced their results have gone up by 100 per cent to Rs 4,412 crore. Particularly noteworthy is the sharp growth in profits for ... More
`SBI not planning another VRS'
SBM posts 156 pc rise in net
Corpn Bank hopes business will cross Rs 36,000 cr FINANCIAL INSTITUTIONS 
IDBI net drops 38 pcTERM-LENDING institution, Industrial Development Bank of India (IDBI), has reported a 38 per cent drop in net profit to Rs 424 crore for the full year ended March 31, 2002, compared with Rs 691 crore for the fiscal year ended March 31, 2001. ... More TRADE & LABOUR UNIONS How will bank wage talks fare this time? SEVERAL issues cloud the prospect of a smooth start of negotiations over the eighth bipartite wage settlement for the banking industry even as the leaders of AIBEA, BEFI, NCBE, INBEF and NOBW, decide to assemble in Mumbai shortly to work out a ... More CO-OPERATIVES Collapse of co-op banks to impact State Govts, PSUs What has made it difficult for the State Governments is the complete failure of the regulatory mechanism. More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Guide to derivatives Looking back May. 19-May. 25 Forex reserves up $92 m at $55.71 b RBI bans physical deals with brokers LIC agent, a millionaire? Indian Bank posts net profit after six years SBI may announce second VRS |
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