Financial Daily from THE HINDU group of publications
Tuesday, July 09, 2002
| Forex Rates July 8 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Tuesday, July 09, 2002 |
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MONEY & BANKING FINANCIAL SERVICES Three cos shortlisted for financial district project in Karnataka Among Karnataka's dream is a plan is to set up an exclusive financial district in the city— on the lines of Mumbai's Bandra Kurla zone — which will be abuzz with financial institutions, banks, insurance companies, venture capitalists, ... More AWARDS & HONOURS FOREX Rupee strong; gilts rise Mumbai: THE rupee closed marginally stronger on Monday at 48.8150/8200 as compared to its previous close of 48.8375/8400 against the dollar. The forex market was almost comatose with hardly 2 paise movement. There was buying of the dollar by ... More HOUSING FINANCE PNB Housing reduces interest rates PNB Housing Finance Ltd has reduced interest rates on home loans for resident and non-resident Indians by 25 basis points for different slabs. For the 7-year fixed rate loan, the interest would now be 10.25 per cent per annum as against 10.50 ... More
IDBI walks away from Tata Home GENERAL INSURANCE Bajaj Allianz named lead insurer for RTPS 4th unit With this latest award, BAGICL has revised its premium income target for the current financial year. It has now raised its target to Rs 300 crore, up by Rs 100 crore. More
Focus on rural healthcare insurance CREDIT RATING DEBT MARKET Pru ICICI to launch foreign debt fund by September PRUDENTIAL ICICI Mutual Fund plans to launch a new fund that provides investors an opportunity to invest in the foreign debt market by September-end 2002. The asset management company is expected to file the draft offer document with the ... More RBI & OTHER CENTRAL BANKS Major economies need structural reforms to sustain growth: BIS Mr Nout Wellink, Chairman of the board of directors and President of the BIS, while addressing the representatives of more than 100 central banks, stressed the importance of structural reforms in achieving stronger and sustainable growth in major eco nomies. More PRIVATE BANKS Bharat Overseas goes for IT upgradation THE private sector Bharat Overseas Bank Ltd has embarked on a major IT upgradation by computerising its branches to introduce a centralised banking solution with a database apart from offering various services to its customers. The bank had ... More PUBLIC SECTOR BANKS 
Union Bank cash management services launchedUNION Bank of India has launched its cash management services (CMS) at 35 centres in the country. Through the CMS, the bank is targeting volumes of Rs 2,000-3,000 crore in the current year and plans to increase the number of clients covered ... More
SBM to focus on services sector CREDIT CARDS & DEBIT CARDS 
SBI launches `SmartGold' with IOCSTATE Bank of India jointly with Indian Oil Corporation has launched `SmartGold,' a double benefit card that can be used both as an ATM and pre-paid card. The card can be used for purchase of petrol, diesel and servo engine oils at 48 IOC ... More TRADE & LABOUR UNIONS 25% wage hike sought for clerks MUMBAI: In its charter of demands on wage revision submitted to the Indian Banks' Association (IBA), the National Organisation of Bank Workers (NOBW) has demanded 25 per cent increase in wages for clerical staff and 30 per cent for ... 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. 30-Jul. 6 GTB net suffers 60 pc fall ING to hike stake in Vysya Bank to 49 pc Another package for IFCI likely Private insurers must give statutory cover: TAC Savings-linked products from general insurers? Will Mr Jaswant Singh end phone calls from Delhi? Govt to introduce put, call option in market borrowings Why can't banks get back to the basics? |
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