Financial Daily from THE HINDU group of publications
Tuesday, August 20, 2002
| Forex Rates Aug. 19 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Tuesday, August 20, 2002 |
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MONEY & BANKING REGIONAL RURAL BANKS Netravati Bank schemes for entrepreneurs WITH a view to promoting industrialisation in rural areas, Netravati Grameena Bank proposes to liberally extend credit to entrepreneurs qualified and trained in the various areas of engineering. With this objective in mind, the bank will be ... More FOREX Rupee dips; securities gain Mumbai: THE rupee closed marginally weaker on Monday at 48.5850 against the dollar as compared to Friday's close of 48.5750 in an active forex market. Forex dealers said, nationalised banks were mopping up dollar liquidity in the market that ... More NBFCS DCA initiates search and seizure against Ferguson The report had reportedly criticised the quality of corporate governance between 1999 and 2001 in Tata Finance and its subsidiaries. Subsequently, Ferguson withdrew the report and stated that a new team had been assigned to prepare a fresh report. More HOUSING FINANCE `Housing finance cos ready to cut rates... ' HOUSING finance companies (HFCs) would not think twice before cutting rates lower than what the banks are offering now, if only they had the luxury of the "dirt cheap" funds that the latter have access to. Mr N. Sowmyan, Chief Executive, GIC ... More
GIC Housing Finance sees scope for growth LIFE INSURANCE 
SBI Life to toe bancassuranceSBI Life Insurance Co Ltd, the joint venture between the State Bank of India and the French insurance major Cardif SA, has decided to retune its business model to bancassurance once again following the clearance of bancassurance model by the ... More
Insurance panel views will decide fate of life rider cap PRIVATE BANKS Federal Bank's online ATM services THE Kerala-based Federal Bank has launched its networked online ATM services here. With the launch of the online ATM services, branches of the bank can issue ATM cards that can be used by the customers to derive benefit from the ATM facilities ... More PUBLIC SECTOR BANKS Canara Bank to trim equity base prior to public offer AS a prelude to tapping the primary market with an IPO, Canara Bank has decided to reduce its equity capital by Rs 278 crore and return the money to the Government. "We have written to the Government a month ago for reducing the bank's equity ... More
Don't tie us up with dress code, say BoB staff FINANCIAL INSTITUTIONS `KSFC mulls lending' THE Karnataka State Finance Corporation (KSFC) is to consider financing films , according to Mr Bhaktavatsala, film-maker and former President of the Film Federation of India. KSFC had shown an interest and would be convening a meeting soon to ... More ALLIANCES & JOINT VENTURES UTI Bank, NHPC ink pact MUMBAI: UTI Bank has signed a memorandum of understanding (MoU) with National Hydroelectric Power Corporation Ltd (NHPC) for joint consultancy in hydro projects for a period of three years. "This move signifies the bank's increasing ... 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. 11-Aug. 17 Nabard to foray into consultancy services Lenders keep their fingers crossed on NPAs Bill PSU banks tapping staff for business FIs, banks to exchange data on loan defaulters |
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