The Hindu Business Line : Thursday, June 20, 2002

Rupee up 7 paise; gilts rise
Mumbai: THE rupee strengthened on Wednesday sharply by around 7 paise to close at 48.90/91 against the dollar in a supply driven forex market. The domestic currency opened at 48.97/98. Forex dealers said, the market witnessed strong dollar ... More

NBFCS

BSES finance arm to raise Rs 600 cr
BSES Infrastructure Finance Ltd is expected to raise around Rs 600 crore to fund BSES's distribution business for the newly-acquired arms of Delhi Vidyut Board. According to bankers, part of this fund would be raised shortly. They said BSES is ... More

LIFE INSURANCE

LIC sells IBP shares

PUBLIC SECTOR BANKS

Indian Bank allowed to unfreeze arrear payments
AFTER the turnaround, it is now time for rewards for the 22,000-odd staff of Indian Bank with the Government clearing the proposal put forward by the bank's management for unfreezing the payment of arrears. The Ministry of Finance has given a ... More

Banks ride well in CARs
PUBLIC sector banks appear to be in proper shape - if one goes by their announced capital adequacy ratios (CARs). Of the 26 banks for which the figures are available, only two - Indian Bank and Dena Bank have not made the minimum grade of 9 ... More

Vijaya Bank opens ATMs

FINANCIAL INSTITUTIONS

IDFC to focus on growth of farm sector
INFRASTRUCTURE Development Finance Company (IDFC) proposes to focus on agri-based infrastructure development in a big way. Reforms in agri markets infrastructure will form the focus of agenda for the food and agriculture sector this year, said ... More

IDFC infrastructure fund to be ready by Sept
INFRASTRUCTURE Development Finance Company Ltd (IDFC) will operationalise an Infrastructure Equity Fund by September, and diversify its areas of operations, according to Mr Nasser Munjee, Managing Director and Chief Executive Officer, ... More

NON-PERFORMING ASSETS

APCOB special drive for enhancing recoveries
ALARMED by poor recoveries amounting to 43.1 per cent in from various district central co-operative banks (DCCBs) in the State, the Andhra Pradesh State Co-operative Bank Ltd (APCOB) has embarked upon a special drive for enhancing ... More

CREDIT CARDS & DEBIT CARDS

ABN-Amro ties up with EDS for card processing
ABN-AMRO Bank announced a tie-up with Electronic Data Systems (India) Pvt Ltd (EDS) for its credit card processing services in India. "Through outsourcing of credit card processing we increase cost efficiency by 15-20 per cent. We will be able ... More

Women's credit card
A boy looking at the women's credit card, an innovative micro-finance product launched by the Andhra Pradesh State Minorities Finance Corporation Ltd in association with the National Minorities Development and Finance Corporation. As part of a ... More

NEW PRODUCTS & SERVICES

New forex trading platform launched
IBS Forex (P) Ltd has launched an indigenously developed foreign exchange trading platform for the inter-bank forex market `FXDirect'. FXDirect offers a online matching and dealing platform for foreign exchange trading that supports real time ... More

Aviva Life kicks off with seven products
AVIVA Life Insurance, a joint venture of the Dabur group and CGU of UK, today formally kicked off its operations, with the launch of seven products. The company offers three products: LifeLong — a whole life flexible protection plan, ... More

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Govt mulls new classification beyond Navaratna for PSUs

AMFI develops 8 market indices

Banks ride well in CARs

Sugar prices dip to 6-year low — ISMA, NFCSF seek to restore monthly quota system

Pick-up in non-food credit — Economy on revival path?

The big bucks of terrorism — Strange colour of Kashmir's money

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