Financial Daily from THE HINDU group of publications
Saturday, July 06, 2002
| Forex Rates July 5 (4.30 p.m. IST) | ||||||||||
|
Financial Daily from THE HINDU group of publications Saturday, July 06, 2002 |
|
||||||||||||
|
|
|||||||||||||
|
MONEY & BANKING FOREX Re sheds 3 paise; gilts up Mumbai: THE rupee closed lower on Friday at 48.8375/8400 against the dollar, as compared to Thursday's close of 48.8050/81. The domestic currency weakened by 3 paise due to lack of dollar supply from New York, a fallout of the US Independence ... More NBFCS Two Manipal group cos suspend transactions TWO months after the Ramesh Pai group decided to `restructure' its non-banking finance business, two other units of the Manipal group have suspended their transactions. According to an official statement, Manipal Finance Corporation and ... More
APSFC scouting for cheaper funds to slash lending rates HOUSING FINANCE SBI cuts housing loan rates HOUSING loans have just got a little cheaper. State Bank of India has cut its rates by around 50 basis points to 10 per cent on its floating rate loans. This cut by SBI comes after recent rate cuts by HDFC and LIC Housing Finance ... More GENERAL INSURANCE Tube Inv infuses another Rs 76 cr in insurance arm TUBE Investments of India Ltd has additionally invested Rs 76.30 crore in Cholamandalam General Insurance Co Ltd, a company promoted by it. With this investment, Tube Investments' holding in Cholamandalam General Insurance aggregates Rs 78.75 ... More FINANCIAL POLICY Huge reserves vital for curbing volatility: Jalan THE RBI Governor, Dr Bimal Jalan has advocated building of safety walls by countries (by creating higher reserves) to check volatility in capital flows and external markets. "Let each country take measures to build its own safety walls by ... More
New Bill to be tougher on dishonour of cheques CREDIT RATING `AA-' for IPCL's NCD issue CREDIT rating Information Services of India Ltd (Crisil) has assigned `AA-' and `P1+' ratings to the Rs 1,200-crore non-convertible debenture issue and Rs 900-crore commercial paper programme respectively of Indian Petrochemicals Corporation Ltd ... More PRIVATE BANKS IDBI Bank plans branches in Mysore, Belgaum It has a current business portfolio of Rs 200 crore (deposit and advances) in Karnataka and hopes to increase the turnover through the new products. More PUBLIC SECTOR BANKS Why can't banks get back to the basics? BANKS will be charging margin money ranging between 40 per cent and 50 per cent on funds advanced to bidders tied up with the PSU disinvestment process. And one is unsure of the interest to be charged by banks on the funds. Also they will value ... More
PSB lending to public sector cos up 36 pc FOREIGN BANKS BNP Paribas to wield axe THE French Bank, BNP Paribas will retrench the remaining 60 employees in its Indian retail business by year-end. The bank had retrenched 80 in February following the decision to wind up its retail business. "We are slowly phasing out the ... More INTEREST RATES Creating an effective interest rate regime THE rate of interest expressed as a percentage return per annum on the amount lent or deposited has two aspects. First, it acts as a rate of yield on savings. In the modern economy, interest is a major source of supplementary income. Second, it ... More NON-PERFORMING ASSETS Bank officers' union opposes move on ARCs THE Executive Committee of the All India Bank Officers' Confederation (AIBOC), has vehemently opposed the Government's move to create asset reconstruction companies (ARCs) for recovering bank dues. At a meeting held here, the AIBOC General ... 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. 23-Jun. 29 IRDA emerges favourite as new pension regulator Depositor preferences remain in 1-3 yr bucket Farmers don't fancy credit card facility No plans for fresh VRS offer in banks What ails co-operative banking? Canara Bank plans IPO in Q3 NHB to get mortgage-backed securities listed on NSE |
|
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 |