Financial Daily from THE HINDU group of publications
Friday, August 02, 2002
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Financial Daily from THE HINDU group of publications Friday, August 02, 2002 |
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MONEY & BANKING FINANCIAL SERVICES HDFC Bank's advisory service facility MUMBAI: HDFC Bank is targeting the affluent masses with its `wealth management programme' with the aim of covering 1,00,000 customers by the end of the financial year, according to Mr Aditya Puri, Managing Director, HDFC Bank. The ... More FOREX Rupee firm; gilts rise Mumbai: THE rupee closed steady at 48.66 against the dollar on Thursday, unchanged from Wednesday's closing levels, in the forex market. Forex dealers contend that the market was lacklustre with very thin trades, as there was barely a two paise ... More NBFCS Cholamandalam to raise Rs 35 cr via pref shares CHOLAMANDALAM Investment and Finance Company proposes to raise Rs 35 crore through an issue of preference shares. The company's Managing Director, Mr M. Anandan, told presspersons here that the shares would be cumulative and redeemable in three ... More HOUSING FINANCE Canfin Homes to beef up marketing CANFIN Homes Ltd (CFHL) is planning an aggressive campaign for marketing its products. The company has set in motion the initiative by setting up its central marketing department in Bangalore. According to Mr G. Umesh Shenoy, Managing Director, ... More
ICICI Bank property show begins today
Home loan festival from Vibank GENERAL INSURANCE Transporters seek IRDA action on tariff norms IT's time for fresh action on the motor insurance front with transporters once again seeking the intervention of the Insurance Regulatory and Development Authority (IRDA) to discipline insurance companies, which allegedly are openly flouting the ... More
TN lorry owners for third party insurance FINANCIAL POLICY Service tax net cast wider THE Finance Ministry has attempted to offset the revenue loss on account of the withdrawal of service tax on life insurance premium by bringing under the service tax net a host of fresh entities in the banking and financial sectors. It has ... More GOVT BONDS Tax-free bonds cap may be set around Rs 10 lakh THE Government is set to fix a liberal annual investment limit of over Rs 10 lakh on the new tax-free bonds announced by the Finance Minister, Mr Jaswant Singh, on Wednesday. "We are looking at a ceiling which is four or five times the existing ... More
Tax-free bonds look appetising SHORT TERM INSTRUMENTS Ingersoll Rand CP assigned `P1+' CRISIL has rated Ingersoll Rand's Rs 75 crore commercial paper issue as `P1+', indicating highest safety. The rating reflects Ingersoll Rand's highly favourable financial profile characterised by near zero debt levels, strong debt service ... More CREDIT CARDS & DEBIT CARDS ICICI Bank debit card feat MUMBAI: ICICI Bank today said it has issued over 10 lakh debit cards, becoming the largest debit card issuer in the country. The bank launched its debit card "Ncash'' in January 2001. Ncash is a VISA electron card accepted at over ... More FIXED DEPOSITS Lakshmi Vilas Bank cuts rates HYDERABAD: Lakshmi Vilas Bank (LVB) has announced revised interest rates on domestic term deposits. The rates, based on the recommendations of the bank's asset liability company, have come into effect from August 1. In a press ... More
Andhra Bank revises deposit rates IPOS Union Bank issue at Rs 6 premium MUMBAI: Union Bank of India has set a premium of Rs 6 for the Rs 10 share for its proposed public issue. The issue is of 18 crore equity shares amounting to Rs 288 crore, a press release said. ... More PEOPLE Shahaney joins IndusInd Bank MUMBAI: Mr R.J. Shahaney, currently the Chairman of Ashok Leyland Ltd, has been appointed as the non-executive Chairman of IndusInd Bank. The decision was taken at the board of directors' meeting held on July 29. Mr Shahaney is ... More
Sharma takes over at LIC TRENDS Drought shadow over retail loans WITH the spectre of drought looming large over the country, the banking industry is confronting a crisis of confidence. As the drought situation becomes a reality, the industry's honeymoon with retail lending might be cut short leading to ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Jul. 21-Jul. 27 Re closes at 4½-month high Dollar: Still the king? UTI Bank told to probe failed merger with GTB UCO Bank finalising wilful defaulters list ATM sharing: New wave sweeping across industry RBI dividend even before auditors are through |
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