Financial Daily from THE HINDU group of publications
Friday, June 28, 2002
| Forex Rates June 27 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, June 28, 2002 |
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MONEY & BANKING FOREX Re strengthens; gilts bullish Mumbai: THE rupee closed marginally firmer at 48.8450/8550 per dollar on Thursday as compared to Wednesday's close of 48.8650/8750. Dealers said that after the rupee opened at 48.8750/8850, it strengthened to a day's high of 48.8275, at which ... More LIFE INSURANCE Om Kotak plans to eat into LIC market OM Kotak Mahindra Life Insurance will try to get ahead in the next few months by targeting at least 50 per cent of the markets where Life Insurance Corporation is a dominant player. The company will also leverage its brand image in the western ... More PRIVATE BANKS GTB says it has offers from global players GLOBAL Trust Bank says it is a perfect fit for acquisition by international players interested in getting into India and has been approached by several funds and banks in this regard, according to Mr Sudhakar Gande, Managing Director. Talks ... More
GTB launches customised product for SMEs FOREIGN BANKS Citibank India net rises 14 pc MUMBAI: Citibank India has registered a 14 per cent growth in net profit at Rs 325.4 crore for the year ended March 31, 2002 as compared to Rs 285.2 crore in the previous year. Total income grew to Rs 2,713 crore (Rs 2,285 crore) ... More INTEREST RATES BoI cuts rates on FCNR deposits MUMBAI: Bank of India has revised the interest rates on its FCNR deposits downward by 20-35 basis points in some categories effective June 29. For dollar deposits with a maturity of one year to two years, interest rates are now 2.05 per ... More GOVT BONDS RBI cuts repo rate to 5.75 pc IN keeping with its bias towards a softer interest rate regime, the Reserve Bank of India today cut the repo rate by 25 basis points to 5.75 per cent. The RBI accepted a single bid of Rs 5 crore at 5.75 per cent, rejecting 22 bids of Rs 22,740 ... More NON-PERFORMING ASSETS `Pricing of assets key to success of recovery law' THE success of the new law for recovery of non-performing assets of banks and financial institutions (FIs) would depend largely on ushering in a transparent system of pricing of the bad assets that are to be transferred to the asset ... More IPOS 
Canara Bank plans IPO in Q3THE public sector Canara Bank has proposed to go ahead with its much-delayed Rs 110-crore public issue, towards the third quarter of this financial year. Speaking to presspersons after the launch of the bank's technology banking initiative, Mr ... 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. 16-Jun. 22 GIC may transfer stake in 4 PSU insurers at par Rabo bank to take off early next year -- To focus on growth sectors VRS ... no way at LIC Banks ride well in CARs ING offers Rs 341 cr to hike Vysya stake to 44% — Deal with GMR at 98 pc over market price PAN must for more bank transactions Om Kotak Mahindra policy for kids Banks told to be merciless with wilful defaulters |
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