Financial Daily from THE HINDU group of publications
Saturday, June 29, 2002
| Forex Rates June 28 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Saturday, June 29, 2002 |
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MONEY & BANKING FINANCIAL SERVICES Leasing association drafts code for fair business practices The draft code of conduct, which took nearly two years for compilation, has now been submitted to the Reserve Bank of India for its final comments. More FOREX Re loses 3 paise; gilts dip Mumbai: THE rupee closed on Friday at 48.8750/8850 against the dollar, three paise weaker, as compared to Thursday's close of 48.8450/8550 in a volatile forex market. Forex dealers said, that the domestic currency opened at 48.87 levels and ... More SOFTWARE OrbiTech goes live in Belgium MUMBAI: Orbitech Solutions Ltd has announced that its Orbi product suite of banking solutions has gone live with ABN AMRO in Belgium. ABN AMRO had chosen eight relevant modules from the ORBI product suite of banking solutions to ... More MANPOWER HC dismisses SBI VRS optees' plea MR Justice Alok Chakraborty of the Calcutta High Court has dismissed a writ petition filed by the SBI (VRS) Optee Officers' Action Group (Bengal), challenging the decision of the bank authority not to accept VRS of all the officers of the ... More HOUSING FINANCE HDFC to seek shareholders' nod to raise borrowing limit HOUSING Development Finance Corporation Ltd (HDFC) will be seeking shareholders' approval to increase its borrowings limit to Rs 35,000 crore from the existing limit of Rs 20,000 crore at the annual general meeting to be held on July 25. "In ... More GENERAL INSURANCE TN move on database of stolen vehicles THERE are more insurance companies today and increasing awareness of the need to insure. But would this lead to a jump in crime rate? This is what Mr K Vijaykumar, Commissioner of Police, Chennai, is worried about. At a press conference ... More CREDIT RATING RBI & OTHER CENTRAL BANKS Rakesh Mohan to be RBI Dy Governor DR Rakesh Mohan, who quit as Advisor to the Finance Minister last month, will join the Reserve Bank of India as Deputy Governor shortly. According to officials here, the Prime Minister has cleared the proposal to appoint Dr Mohan as successor ... More
PUBLIC SECTOR BANKS SBI stock gains on better performance THE share prices of most public sector banks have been on the rise lately, but leading the pack is State Bank of India (SBI), the largest and most well networked PSU bank. Most funds are currently bullish on the stock in the near term. The ... More
Banks hike priority lending target by 10%
`SBI Kerala Circle must target 60 pc CD ratio' FINANCIAL INSTITUTIONS IFCI net loss rises to Rs 885 cr IFCI Ltd net loss has risen to Rs 884.70 crore for fiscal 2001-02 against a net loss of Rs 265.93 crore in the previous fiscal. The institution has shown an operating loss of Rs 253.12 crore against an operating profit of Rs 233.97 crore in the ... More GOVT BONDS MFs must enter into G-sec deals in demat only THE Securities and Exchange Board of India (SEBI) has now stipulated that all mutual funds should enter into transactions relating to Government securities in the dematerialised form only. The mutual funds regulations of the capital market ... More
CREDIT CARDS & DEBIT CARDS BOBCard Paras targets customers with low income BOBCards has taken the lead in introducing a credit card — BOBCard Paras affiliated with MasterCard International — for the benefit of customers whose income fall below the taxable limit. It has been tailored to suit the needs of ... More
MORTGAGE NHB to get mortgage-backed securities listed on NSE This will be the first batch of mortgage-backed securities to be listed in the country. This year about Rs 200-crore worth of securitised instruments have been issued by the Housing Development Finance Corporation Ltd and Canfin Homes Ltd. More EVENTS PNB Gilts plans seminar for UCBs PNB Gilts, the primary dealer, is organising educational programmes for urban co-operative banks (UCBs) as part of its awareness programme. The programme is expected to educate UCBs about the need for treasury management skills and will guide ... More CO-OPERATIVES Urban co-op banks to remain out of loan recovery Ordinance "The UCBs may be given the powers later. We have to first see how the law works for the other banks and FIs,'' top Finance Ministry officials told Business Line. More TRENDS Home banking looks the future way DIFFERENT strokes for different folks, they say. Banking is soon to live up to it. The interest rates on fixed deposits, loans, savings bank accounts and other banking services could vary in the future if you bank through the Net or phone as ... More NEW PRODUCTS & SERVICES Andhra Bank launches ATMs Inaugurating the ATMs, Mr B. Vasanthan, CMD, Andhra Bank, said the bank was focussing on the varying needs of the cross-section of the society. The opening of personal banking centres and introduction of client relationship officers were some ... 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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