Financial Daily from THE HINDU group of publications
Saturday, June 08, 2002
| Forex Rates June 7 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Saturday, June 08, 2002 |
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MONEY & BANKING FOREX Rupee steady; gilts decline Mumbai: THE rupee closed steady on Friday, almost unchanged from its previous level of 49.02/0250 against the dollar in a lacklustre forex market. Forex dealers said that dollar demand and supplies remained evenly matched for most of the day ... More MANPOWER BoI to cut 5,000 more jobs -- Second VRS in another 3 months BANK of India proposes to cut another 5,000 jobs in the next three months through a second VRS. An official said the bank would prune its staff by 12 per cent. In the last VRS a year ago, the bank reduced staff strength by around 7,000. Bank of ... More NBFCS Sundaram Fin net at Rs 40.36 cr; to pay 60 pc dividend SUNDARAM Finance Ltd (SFL) has reported a net profit of Rs 40.36 crore for the year 2001-02. This is "roughly the same as in the previous year", if the profit inflation due to change in an accounting method is not counted, while making the ... More LIFE INSURANCE Birla Sun Life decides to increase capital base further AFTER a successful year's operations, Birla Sun Life Insurance Company Ltd has decided to increase its capital base further from the existing level of Rs 180 crore. The decision has already been taken by the company's board of directors. Mr ... More GENERAL INSURANCE Non-life insurance PSUs -- GIPSA fee structure unviable, feel third party administrators THE euphoria of third party administrators (TPAs) empanelled by the General Insurance Public Sector Association (GIPSA) to work for nationalised non-life insurance companies has been dampened by the proposed fee structure which they feel is "very ... More RBI & OTHER CENTRAL BANKS Indian promoters of pvt banks can hold 49 pc THE Reserve Bank of India today raised the ceiling for Indian promoters' equity holding in private sector banks to 49 per cent, providing them level playing field with foreign investors. Until now, Indian promoters of new banks could hold only ... More
Bankers wary of creating customer profiles PRIVATE BANKS Panic withdrawals from select branches -- GTB sees foul play; to seek RBI action SUSPECTING foul play behind the latest panic withdrawals, the management of Global Trust Bank (GTB) has decided to approach the Reserve Bank of India (RBI) seeking action against entities allegedly resorting to the unethical practice of ... More PUBLIC SECTOR BANKS 
PSBs log 12.73% deposit growthTWENTY-six public sector banks clocked a growth of 12.73 per cent to touch Rs 6,74,869 crore in 2001-02. The results of State Bank of India are still awaited. Interestingly, the pace of deposit growth for the rest of the banks seems to be ... More FOREIGN BANKS HSBC's custodian services to focus on domestic FIs AFTER emerging as the premier provider of sub-custodian and clearing services to foreign institutional investors (FIIs) in India, HongKong and Shanghai Banking Corporation Ltd (HSBC) Group in India is now focussing on domestic fund management ... More NON-PERFORMING ASSETS 800 cases of IFCI and TFCI pending in DRTs IFCI Ltd and its subsidiary, Tourism Finance Corporation of India (TFCI), together have nearly 800 cases pending before the Debt Recovery Tribunals (DRTs). Speaking at a seminar on `Recovery through DRTs', the Chairman and Managing Director of ... More INTERVIEW 
KVB bonus, rights issues in JulyKARUR Vysya Bank is all set for the simultaneous issue of bonus and rights shares very soon. Mr P.T. Kuppuswamy took over the reins of this predominantly South-based bank a couple of days back. In an exclusive interview to Business Line, ... More EVENTS PEOPLE 
Ramanujam is new MD of GICMR P.B. Ramanujam has been appointed as Managing Director of General Insurance Corporation of India, effective May 31. Prior to his appointment as Managing Director, he was General Manager in the National Insurance Co Ltd, Calcutta, in charge ... 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 |
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