Financial Daily from THE HINDU group of publications
Thursday, July 18, 2002
| Forex Rates July 17 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Thursday, July 18, 2002 |
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MONEY & BANKING ACCOUNTING STANDARDS PSU insurers change accounting norms PUBLIC sector general insurance companies have begun changing their accounting methods after tightening their claims verifications methods. The changes that have been brought about have been especially with reference to claims, which are ... More FOREX Re closes stronger; gilts firm Mumbai: THE Indian rupee on Wednesday closed stronger at Rs 48.77/7750 per dollar unit as compared to its previous close of 48.80/8050. Dealers said that the currency moved in the narrow band of 48.7650-7850 through the day. According to one ... More INFORMATION TECHNOLOGY 
Banks told to make optimum use of ITBANKS must try and make optimum use of IT infrastructure by sharing facilities among themselves wherever possible, according to the RBI Deputy Governor, Dr Vepa Kamesam. Dr Kamesam was speaking at a press conference here on Wednesday announcing ... More NBFCS Rs 84-cr IFC package for Mahindra firm THE Washington-based International Finance Corporation (IFC) has signed an agreement with Mahindra and Mahindra Financial Services Ltd (MMFSL) to provide a finance package of Rs 84 crore for the company. The package will consist of a ... More LIFE INSURANCE SBI Life to target account holders SBI Life insurance has begun targeting account holders of the bank in a bid to accelerate the premium income collection. SBI Life is a joint venture between Cardiff S A of France and the State Bank of India. For this purpose, SBI Life has soft ... More
GENERAL INSURANCE 
Union Bank to market New India productsUNION Bank of India on Wednesday signed a memorandum of understanding with New India Assurance Company Ltd for distribution of the latter's general insurance products. The bank has already tied up with HDFC for distribution of life insurance ... More PRIVATE BANKS Federal Bank Q1 net down at Rs 17.42 cr THE Aluva-based Federal Bank has reported a net profit of Rs 17.42 crore for the first quarter of the current year as against Rs 22.76 crore reported for the corresponding period of last year. The net profit has been arrived at after making a ... More
Lord Krishna Bank plans to expand branch network
HDFC Bank net up 33 pc at Rs 82.41 cr
PUBLIC SECTOR BANKS UCO Bank treasury centre in Mumbai UCO Bank has set up a centralised integrated treasury operation centre at its Nariman Point branch in Mumbai. The centre is to be inaugurated on Thursday. Mr V.P. Shetty, CMD of UCO Bank, told Business Line, "The dealing room of the ... More GOVT BONDS RBI assigns 6.72 pc yield for 10-yr stock THE RBI today assigned a yield of 6.72 per cent for the Rs 3,000-crore, 10-year Government stock with a call and put option. There was no devolvement on either the RBI or primary dealers. A cut-off price of Rs 102.30 was assigned to the 15-year ... 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 Jul. 7-Jul. 13 NPAs continue to haunt banks RBI proposes to utilise SBI electronic transfer facility PSBs' loan loss cover still insufficient SBI tightens norms for corporates New debt for old: Not that easy |
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