Financial Daily from THE HINDU group of publications
Thursday, June 06, 2002
| Forex Rates June 5 (4.30 p.m. IST) | ||||||||||
|
Financial Daily from THE HINDU group of publications Thursday, June 06, 2002 |
|
||||||||||||
|
|
|||||||||||||
|
MONEY & BANKING FINANCIAL SERVICES IDBI Capital ties up with India Post IDBI Capital Market Services Ltd, a wholly owned subsidiary of IDBI, has tied up with India Post to retail Government securities at post offices. "In three months time, one will be able to walk into a post office and buy a Government ... More FOREX Re firms up; gilts weak Mumbai: THE rupee closed stronger on Wednesday by around 4 paise at 49.01/49.0175 against the dollar in the forex market. The rupee opened at 49.04/05. Forex dealers said, that market participants across the board were unwinding long dollar ... More GENERAL INSURANCE PSU insurers switch overseas medical insurance partner PUBLIC sector insurance companies have terminated their overseas medical insurance arrangements with Mercury Insurance Group of the US. The four insurance companies have now tied up with CORIS of France. Sources said that the four public sector ... More
RBI & OTHER CENTRAL BANKS Steps to check money laundering AN expert group of the Reserve Bank of India has recommended that banks create `customer profiles' on individual customers and also review the non-resident deposit schemes as a measure to check money laundering. The review of NRI deposit ... More
Market integrity: RBI expert group submits report PRIVATE BANKS No change in management, says Dhanalakshmi Bank "THERE will not be any change in the management control of the Thrissur-based Dhanalakshmi Bank,'' the Chairman, Mr T.M. Venkataraman, told Business Line. However, stake holding in the bank is poised to change significantly since the ... More PUBLIC SECTOR BANKS 
Allahabad Bank net doubles to Rs 80.21 cr for full yearALLAHABAD Bank doubled its net profit to Rs 80.21 crore in 2001-02 from Rs 39.91 crore in 2000-01. During the same period, the operating profit at Rs 407.98 crore (Rs 266 crore) showed a growth of over 53 per cent. Dr B. Samal, CMD of the ... More
Corpn Bank opens counter at Nellore FINANCIAL INSTITUTIONS RBI fails to convince banks to bail out IFCI THERE appears to be no immediate relief in sight for IFCI Ltd, with public sector banks continuing to express unwillingness to rollover their investments in the institution's bonds that had come up for redemption during the past couple of ... More GOVT BONDS NON-PERFORMING ASSETS RBI asks banks, FIs to file list of suit-filed accounts THE Reserve Bank of India has asked banks and financial institutions to submit the list of suit-filed accounts of Rs 1 crore and above as on March 31, 2002 and quarterly updates thereof till December 2002 to both the RBI and the Credit ... More SHORT TERM INSTRUMENTS Nagaland decision boosts Greenply Ind prospects THE fact that Nagaland has allowed plywood units to continue operations in certain areas has come as a boon for Greenply Industries, which has sought to raise funds through a commercial paper issue. The permission by the Nagaland Government has ... More CREDIT CARDS & DEBIT CARDS Vysya Bank debit card VYSYA Bank has launched the Vysya Bank Maestro Debit card in association with MasterCard International - a global online PIN-based deposit access card. The bank expects to distribute over a lakh cards in the next couple of months. The debit ... More CORPORATE GOVERNANCE Corporate governance -- RBI asks listed banks to follow SEBI norms THE Reserve Bank of India (RBI) has asked all listed commercial banks to follow SEBI's committee report on corporate governance. According to a circular issued by RBI to the chiefs of all commercial banks, this follows SEBI's suggestion to RBI ... More CO-OPERATIVES Liquidator for Sravya co-op bank HYDERABAD: An official of the Co-operative Department has been appointed as liquidator for the beleaguered Sravya Co-Operative Bank Ltd, according to the Sravya Co-operative Urban Bank Ltd Depositors' Welfare Association. The joint ... 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. 26-Jun. 1 Variety marks banks' application of AS-17 ICICI gets into BPO, invests Rs 200 cr Forex reserves dip $139 m after eight-month rise Oriental Insurance officers' plea on transfers rejected Confidence in strong global recovery waning, says BIS Public sector bank profits show 100 pc growth |
|
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 |
