Financial Daily from THE HINDU group of publications
Friday, June 14, 2002
| Forex Rates June 13 (4.30 p.m. IST) | ||||||||||
|
Financial Daily from THE HINDU group of publications Friday, June 14, 2002 |
|
||||||||||||
|
|
|||||||||||||
|
MONEY & BANKING FINANCIAL SERVICES ICICIdirect attracting more clients ICICIdirect.com, the online brokerage arm of ICICI group, sees 10 per cent addition in its client base month-on-month, the Chief Operating Officer, Mr Anup Bagchi, said. Currently, ICICIdirect.com has 1,73,000 clients. ``Almost all our clients ... More FOREX Re down 4 paise; gilts weak Mumbai: THE rupee closed at 49.01/0150 on Thursday against the dollar in the forex market, as compared to Wednesday's close of 48.9775/9825. The domestic currency slipped due to increased buying of the dollar by State-run banks, according to ... More STOCKS Bank stocks gain on consolidation hopes SECOND-rung stocks of most sectors have been lately attracting buying interest in the stock markets. This time, it is the turn of banking stocks. Analysts say that the reasons for this interest are two fold: one, the consolidation in the sector ... More LIFE INSURANCE GMR to invest Rs 80 cr in ING Vysya Insurance IN a significant move, GMR Technologies & Industries Ltd (GMR-TIL), the Hyderabad-based Rs 161-crore flagship of the over Rs 2,000-crore GMR group, has decided to invest funds to the tune of Rs 80 crore in ING Vysya Insurance, the life insurance ... More GENERAL INSURANCE 
ICICI Bank unveils `HomeSafe' coverICICI Bank on Thursday launched `HomeSafe' - a property insurance cover bundled with its home loans. As an introductory offer, between June 13 and September 30, the product comes free with every new home loan, Ms Chanda Kochhar, Executive ... More PUBLIC SECTOR BANKS Oriental Bank keen to expand abroad -- Mulls tie-up for joint venture subsidiary KEEN to join the select list of Indian public sector banks having a foreign presence, Oriental Bank of Commerce (OBC) is contemplating a tie-up with another bank to open a joint venture subsidiary abroad. "I will be interested in joining hands ... More
FINANCIAL INSTITUTIONS 
FI, bank funding of projects worth Rs 50,000 cr -- Special purpose vehicles for infrastructure likelyFINANCIAL institutions and banks are considering the setting up of special purpose vehicles (SPVs) to fund infrastructure projects worth close to Rs 50,000 crore over the next four to five years. All financial institutions barring the troubled ... More
KSFC to seek aid for revival plan GOVT BONDS Poor response to gilts backed by mortgages BANKS appear to be cool to mortgage-backed securities (MBS) with the recent Rs 156 crore HFDC issue eliciting lukewarm response from them. The bankers response assumes significance, as recently the RBI had allowed them to assign risk weightage ... More CO-OPERATIVES N. Kanara Co-op bank net up NORTH Kanara GSB Co-op bank has reported a 10 per cent rise in profit at Rs 6.95 crore for the year ended March 2002 as against Rs 6.32 crore in the previous year. The total income was Rs 80.25 crore (Rs 67.06 crore) and total expenditure was ... More PERFORMANCE South Malabar Gramin Bank net at Rs 12 crore THE Malappuram-based South Malabar Gramin Bank has posted a profit of Rs 12 crore for the year 2001-02, after having made all the requisite provisioning as well as a voluntary provision towards standard assets. This profit was made after ... More PEOPLE 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 Jun. 2-Jun. 8 Dena Bank turns around; nets Rs 11.36 cr RBI ropes in SEBI to tackle rogue borrowers -- Redefines `wilful default' Steps to check money laundering Projects facing time overruns must be treated as NPAs: RBI Central Bank net up at Rs 163.3 cr -- Plans Rs 300-cr IPO this fiscal West coast ports are `unsafe destinations' -- Insurers impose war-risk premium on foreign ships KVB bonus, rights issues in July Indian promoters of pvt banks can hold 49 pc BoI to cut 5,000 more jobs -- Second VRS in another 3 months |
|
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 |