Financial Daily from THE HINDU group of publications
Tuesday, June 18, 2002
| Forex Rates June 17 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Tuesday, June 18, 2002 |
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MONEY & BANKING FOREX Rupee up; securities decline Mumbai: THE rupee closed on Monday at 48.9950/48.9975 against the dollar, as against the previous close of 49.005. Forex dealers said, the volumes in the market were very thin and there were no fresh factors to trigger any movement so the rupee ... More SOFTWARE Polaris bags order from Japan bank THE banking products unit of Polaris Software Lab — BankWare — has announced that it had bagged a contract, with the Japanese banking major, Shinsei Bank Ltd ("Shinsei") and its group companies ("Shinsei Group"), to implement its core ... More LIFE INSURANCE New insurance cover for TN handloom weavers A MUMBAI-based manufacturing company of viscose rayon yarn, NRC, has brought hundreds of weavers in Tamil Nadu under social security cover through the Birla Sun Life's `Social Security Insurance Scheme'. Mr N. Unnikrishnan, Vice-President ... More GENERAL INSURANCE GIC may transfer stake in 4 PSU insurers at par GENERAL Insurance Corporation (GIC), the holding company of the four public sector insurance companies, has proposed transfer of its equity stake in them to the Government at book value. Initial expectations are that the entire transfer would ... More PRIVATE BANKS Karnataka Bank net doubles to Rs 91.13 crore THE Mangalore-based private sector Karnataka Bank has registered a 100.68 per cent increase in net profit for the financial year 2001-02. Net profit now stands at Rs 91.13 crore as against the corresponding Rs 45.41 crore the previous ... More
UTI Bank focus on retail asset base PUBLIC SECTOR BANKS 
SBI lines up credit schemes for small bizSTATE Bank of India (SBI) will be launching small business credit card and tailor-made home loans in the State where the demand for housing loans is on the increase. Speaking to newspersons, Mr C. Sundarashyam, Chief General Manager, Kerala ... More
Advances belie talk of low credit offtake FOREIGN BANKS 
Rabo bank to take off early next year -- To focus on growth sectorsTHE bank proposed to be set up by the Rabo group of Netherlands will be a commercial bank for all practical purposes, but will focus particularly on sectors such as food, life sciences and technology. The bank, which will come up in association ... More FINANCIAL INSTITUTIONS Nabard plans direct financing of projects THE National Bank for Agriculture and Rural Development (Nabard), that has hitherto been only into refinancing, is all set to make a foray into direct financing of projects. It is expected to get the RBI nod shortly. To begin with, the bank has ... More TRADE & LABOUR UNIONS Bank officers pitch for paternity leave A FATHER first, a banker later. Heralding the age of equal rights, bank officers are now demanding paternity leave. In a recent "charter of demands" submitted by bank unions, officers of public sector banks have demanded a 15-day paternity ... 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 Jun. 9-Jun. 15 Burgeoning forex reserves: Boon or bane? LIC to invest Rs 6,000 cr in equity markets this year 132 pc rise in PSBs net profit last fiscal LIC set to venture into Sri Lanka FI, bank funding of projects worth Rs 50,000 cr -- Special purpose vehicles for infrastructure likely ICICI Bank unveils `HomeSafe' cover Nidhis told to attach balance sheet in application forms |
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