Financial Daily from THE HINDU group of publications
Tuesday, August 06, 2002
| Forex Rates Aug. 5 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Tuesday, August 06, 2002 |
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MONEY & BANKING FINANCIAL SERVICES `Maturity factoring not to affect normal banking for exporters' THE new non-recourse `maturity factoring' facility offered by the Export Credit Guarantee Corporation of India Ltd (ECGC) to banks will not disturb the existing system of banking arrangement vis-a-vis exporters. Talking to Business Line ... More FOREX Re edges up; gilts bullish Mumbai: THE rupee closed marginally stronger on Monday at 48.64/65 against the dollar as compared to Friday's close of 48.66/6650 in a lacklustre forex market. The domestic currency opened at 48.6450/65. Forex dealers said that the market ... More LIFE INSURANCE Aviva draws up expansion plan THE Dabur-CGU joint venture, Aviva Life Insurance, is planning to expand its reach in Karnataka, by increasing the number of life advisors. According to the Branch Manager, Mr V. Harish, the insurer plans to increase the number of life ... More RBI & OTHER CENTRAL BANKS RBI group okays e-money The RBI Working Group on electronic money has said that e-money could be used as a substitute for the central bank notes and coins even though it would not be "desirable'' to place any limit on storing monetary value in e-money. E-money has ... More
ECB prepayment norms relaxed PRIVATE BANKS ICICI Bank shares info on defaulters with other banks ICICI Bank has begun to share information about defaulting customers with the State Bank of India and HDFC Bank, ICICI Bank's Executive Director, Ms Chanda Kochhar, said here today. In an informal conversation with journalists here, she said ... More SHORT TERM INSTRUMENTS CP market touches new low — Mid-segment corporates too get fine rates WITH top-notch corporates (`P1+') raising funds through commercial papers (CPs) at rates as low as 6.20 per cent in the market, bankers fear another bout of undercutting among them in CPs of those corporates which do not enjoy top rating. ... More REGULATORY BODIES & RULINGS As insurers resort to undercutting — IRDA panel hikes penalty for breach of tariff norms THE Tariff Advisory Committee (TAC) has proposed tightening of penal provisions in a bid to discourage breach of tariff guidelines by insurance companies both in the private and public sectors. TAC is the tariff-fixing arm of the Insurance ... 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. 28-Aug. 3 Allahabad Bank to cut lending rates RBI makes lending rate disclosure mandatory Q1 profit numbers muted for PSBs The more unhealthy, the merrier Insurers putting away Janata cover Will truck finance give banks the mileage? Tax-free bonds look appetising Low-cost bank loan scheme for engg students on cards IOB keeping options open on second VRS |
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