Financial Daily from THE HINDU group of publications
Monday, August 12, 2002
Financial Daily from THE HINDU group of publications Monday, August 12, 2002 |
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MONEY & BANKING FOREX Rupee may touch 48.50 by Aug-end THE rupee had a busy week, moving down by about 10 paise to 48.76 levels before ending the week at its 48.65 pivot. The market did get a little ahead of itself, trying to force the dollar below the strong 48.65 support and that coupled with ... More
RBI forex moves go beyond short term INSURANCE IRDA moots Rs 3-cr net worth floor for brokers WHILE proposing to restrict foreign holding in broking entities to 26 per cent, the Insurance Regulatory and Development Authority (IRDA) has suggested that composite insurance brokers carrying on both insurance and reinsurance broking should ... More NBFCS DCA calls for Ferguson report from Tata Fin THE Department of Company (DCA) has asked Tata Finance Ltd (TFL) to submit the controversial A F Ferguson audit report on the company, along with the related correspondence on the issue between the auditing company and TFL. The department, ... More DEBT MARKET Interest rate outlook continues to be soft THE bond market gave up some of its recent gains on a remark by the central bank Governor that the recent OMO was done to suck out liquidity and stabilise the market. To me, the remark was completely innocuous and fairly standard. If you look ... More PRIVATE BANKS FINANCIAL INSTITUTIONS Rethink on UTI, IFCI,IDBI privatisation — Govt to exit only after revival The new strategy which is being thought of could imply that the Government may infuse some more funds for these institutions to help stage a revival. More GOVT BONDS Yields on corporate bonds also falling Faced with this deluge of liquidity in the market, bankers are now beginning to take more interest in the corporate bond market. But to be on the safer side, the focus is exclusively on public sector and FI bonds, and some `AAA' rated corporate secur ities. As a result, yields on corporate bonds are also falling. More FIXED DEPOSITS SBT revises FCNR rates STATE Bank of Travancore (SBT) has revised the interest rates on FCNR deposits with effect from August 12. The revised rate for US dollar deposits for one year to less than two years is 1.5 per cent, for two years to less than three years two ... More CO-OPERATIVES G-sec norms for small urban co-op banks may be eased THE Reserve Bank of India has told the urban co-operative banking sector that it is considering relaxing the stipulations for the smaller banks on mandated investments in Government securities for the purposes of statutory liquidity ratio (SLR) ... 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 Aug. 4-Aug. 10 IBA group mulls lower rates on rural credit As insurers resort to undercutting — IRDA panel hikes penalty for breach of tariff norms IBA for speedy disposal of loan applications No investment limits on new tax-free bonds Mortgage-backed securities begin to gain acceptance Cross-selling, the new mantra for pvt banks |
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