Financial Daily from THE HINDU group of publications
Thursday, July 11, 2002
| Forex Rates July 10 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Thursday, July 11, 2002 |
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MONEY & BANKING FOREX Rupee stable; securities dip Mumbai: THE rupee closed steady on Wednesday at 48.7850/79 against the dollar, similar to Tuesday's levels in a dull forex market. The domestic currency opened at 48.78/79. Forex dealers said that dollar demand and supplies remained evenly ... More INFORMATION TECHNOLOGY Hi-tech bank service comes at a price "There is no clear-cut information on the service charges levied by the banks. It differs from bank to bank. Customers are not informed in advance about such levies," Mr Kathirmathiyon of Coimbatore Consumer Cause said. More LIFE INSURANCE Differences over service tax on life policies THE Insurance Regulatory Development Authority (IRDA) has locked horns with the Revenue Department on the method of computation of the risk premium component of life insurance policies on which the government proposes to levy a 5 per cent service ... More GENERAL INSURANCE Truckers serve notices on TAC BARELY over a week after the new motor insurance tariffs came into effect, pressure is mounting on the Tariff Advisory Committee (TAC) for keeping the enhanced rates in abeyance till pending legal proceedings related to the matter are settled. ... More RBI & OTHER CENTRAL BANKS RBI proposes to utilise SBI electronic transfer facility THE Reserve Bank of India is considering a proposal to utilise State Bank of India's clearing houses to increase the reach of electronic fund transfer (EFT) facility in the country. Currently, RBI has 13 national clearing cells (NCC) between ... More PRIVATE BANKS UTI Bank net increases 42 pc in Q1 UTI Bank has reported a 42 per cent rise in net profit at Rs 35.98 crore for the first quarter ended June 2002 as against Rs 25.36 crore in the same period the previous year. The rise in net profit is attributed to new asset acquisitions, ... More PUBLIC SECTOR BANKS Banks planning to offer G-sec-linked loans IN a bid to woo more top-notch clients, some banks are planning to offer credit linked to yields on Government securities. The move is seen as an effort by banks to deploy their excess funds, and offer corporates the benefit of lower interest ... More
SBI to upgrade Mangalore, Kankanady branches FINANCIAL INSTITUTIONS NON-PERFORMING ASSETS CREDIT CARDS & DEBIT CARDS GTB launches new debit card GLOBAL Trust Bank (GTB) has launched `Visa Electron', an online debit card titled `Proton' free for the bank customers and also e-banking kiosks. According to the GTB Managing Director, Mr Sudhakar Gande, GTB debit cardholders would enjoy ... More ALLIANCES & JOINT VENTURES 
Indian Bank tie-up with California bank soonINDIAN Bank is likely to announce a tie-up with the Union Bank of California shortly, the bank's Chairperson and Managing Director, Mrs Ranjana Kumar, told Business Line. The tie-up is for remittances from the US. "I have told them (the ... 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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