Financial Daily from THE HINDU group of publications
Wednesday, July 24, 2002
| Forex Rates July 23 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, July 24, 2002 |
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MONEY & BANKING ECONOMY Corporate malfeasance cowers markets CLEARLY, it is a crisis of confidence. Mr Alan Greenspan, the Chairman of the US Federal Reserve, said as much in his testimony to the US Senate and Congress last week. Mr Greenspan's theme was simple: the economy is on track but business and ... More FOREX Rupee strengthens; gilts range-bound Mumbai: THE rupee closed marginally stronger at 48.6850 on Tuesday against the dollar in the forex market as compared to Monday's close of 48.6950/70. "The Indian currency is expected to strengthen further. But this will happen in a gradual ... More PUBLIC SECTOR BANKS PSU banks may be under Govt clutches for a while PUBLIC sector banks may not be free entities even after the Government brings down its stake to 33 per cent as proposed in amendments to banking Bills. A glimpse into the working of the mind of the Government is available from a report of the ... More
Moody's upgrades outlook for BoI, PNB, Canara Bank INTEREST RATES SBI cuts term deposit rates STATE Bank of India (SBI) has lowered domestic term deposit rates by 25 to 50 basis points (bps) in three maturity brackets. In a release issued late in the evening, SBI said rates of all new term deposits and renewals of seven days to 14 ... More CORPORATE BONDS IDBI comes up with another Flexibonds issue INDUSTRIAL Development Bank of India (IDBI) is entering the retail debt market again with an issue of its popular Flexibonds, but this time without the tax-saving Infrastructure Bond. It has also reduced the interest rates offered on the bonds by ... More
NON-PERFORMING ASSETS 
UCO Bank finalising wilful defaulters listUCO Bank is in the process of finalising the list of wilful defaulters for initiating action against them under the relevant provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Ordinance ... More MERGERS & ACQUISITIONS UTI Bank told to probe failed merger with GTB The JPC said the enquiry should focus on managerial failure in not getting a due-diligence conducted, anomalies in the decision-making process and lessons learnt for future merger talks. More INTERVIEW `We have been meeting our priority sector targets' — Mr Aditya Puri, Managing Director, HDFC Bank OF the new private sector banks, HDFC Bank has been the most successful in terms of growth in size and profitability. But is the growth sustainable for HDFC Bank? Business Line spoke to Mr Aditya Puri, Managing Director, HDFC Bank, on this and ... 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. 14-Jul. 20 India Inc fears `harsh' steps in ordinance SBI Life to target account holders PSU insurers change accounting norms Bank union releases list of defaulters in AP — NPAs account for Rs 4,796 cr Private banks beware, big brother is watching Bank defaults mount to Rs 80,246 cr: AIBEA `We're quite strong, but we'll have to watch out' — Mr A. Ramamurthy, current-in-charge and Managing Director, LIC Banks likely to resume power sector funding |
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