Financial Daily from THE HINDU group of publications
Friday, July 12, 2002
| Forex Rates July 11 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, July 12, 2002 |
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MONEY & BANKING FOREX Re range-bound; gilts up Mumbai: THE rupee closed at 48.7850/79 per dollar on Thursday, unchanged from Wednesday's levels in a lacklustre forex market. "The currency moved in a three paise range and was stable. There is no pick up in corporate demand and supplies are ... More LIFE INSURANCE OM Kotak looks at Rs 65-crore premium income IN its annual business target for 2002-03, OM Kotak Mahindra Life Insurance Company Ltd, the 74:26 joint venture between Kotak Mahindra and Old Mutual, is eyeing Rs 1,300 crore of sum assured and Rs 65 crore of premium income. Mr Shivaji Dam, ... More GENERAL INSURANCE Windshield ties up with insurance co NEW DELHI: Windshield Experts has announced its tie-up with Oriental Insurance Company Ltd in Delhi to manage all automotive glass claims for the latter's policy holders. The company had earlier tied up with The National Insurance ... More CREDIT RATING RBI & OTHER CENTRAL BANKS PUBLIC SECTOR BANKS Nabard in talks with banks to co-finance projects THE National Bank for Agriculture and Rural Development (Nabard) is looking at co-financing hi-tech projects in collaboration with commercial banks, according to Mr C.R. Patnaik, Chief General Manager, Nabard. Addressing a press conference here ... More FOREIGN BANKS 
Amex opens branch in BangaloreAMERICAN Express Bank has opened a branch in Bangalore offering full banking services and an array of wealth management products to customers in the city. Introducing the concept of wealth management, with a set of investment and deposit ... More NON-PERFORMING ASSETS PSBs' loan loss cover still insufficient A COUPLE of weeks ago, the Wall Street Journal ran a story about how investors in the US were uneasy because the Citigroup Inc had fewer reserves set aside against non-performing assets than any other comparable major bank. Many analysts ... More
No bidders for Gemini Towers
CII presses for review of NPA Ordinance
German bank petition rejected CREDIT CARDS & DEBIT CARDS 
ABN-Amro launches 2 credit cardsABN-AMRO Bank (India) has launched two globally valid credit cards in association with Mastercard, called `Smart' Gold Card and `Freedom' Silver Card. The smart gold card is enabled by a `smart chip' and offers Indian customers `smart ... More CO-OPERATIVES PEOPLE Chaukar quits Tata Finance MR Kishore A. Chaukar has resigned as Vice-Chairman and Director of Tata Finance Ltd. A Tata group spokesperson said Mr Chaukar had stepped down as he would need to devote more time towards his other responsibilities in the group. Mr Chaukar ... More TRENDS Basel panel reaches pact on New Capital Accord issues THE Basel Committee on Banking Supervision hammered out an agreement on Wednesday on a host of important issues related to the New Basel Capital Accord, designed to provide investors with enough information to understand a bank's risk profile ... 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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