Financial Daily from THE HINDU group of publications
Wednesday, August 28, 2002
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Financial Daily from THE HINDU group of publications Wednesday, August 28, 2002 |
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MONEY & BANKING PREFERENTIAL ALLOTMENTS Preferential private placement — Salomon Smith to advise UTI Bank UTI Bank Ltd has decided to appoint investment bankers, Salomon Smith Barney, to raise additional equity capital through the preferential allotment route. The decision was taken by the Committee of Directors at a meeting today. Dr P.J. Nayak, ... More REGIONAL RURAL BANKS Netravati Bank outlines credit schemes for SSIs NETRAVATI Grameena Bank conducted a one-day workshop on credit and subsidy schemes for small entrepreneurs here on Tuesday. The objective of the workshop was to provide information on various credit and subsidy schemes being implemented to ... More FOREX Re firms up; gilts range-bound Mumbai: THE rupee on Tuesday closed marginally higher at 48.50/5025 against the dollar as compared to Monday's close of 48.51/52 in the forex market. The supplies of the dollar were seen to be high and demand low. Therefore the rupee was ... More INSURANCE LIFE INSURANCE Max New York to hike capital to Rs 300 crore MAX New York Life Insurance Co Ltd (MNYL) proposes to increase its paid up capital from the existing Rs 250 crore to Rs 300 crore in view of the growing business volumes. The capital hike is likely to take place within the current fiscal, Mr ... More FINANCIAL POLICY Time to lever fiscal policy? AT its last meeting, the US Federal Reserve did not cut interest rates. But it did warn of further downside risks to the economy because of falling confidence and markets. It was more than a hint that the rate-cutting cycle was not yet over. ... More CREDIT RATING Birla Sun Life CP gets `PR1+' MUMBAI: CARE has assigned a `PR1+' rating to the commercial paper (CP) short-term debt programme of Birla Sun Life Securities Ltd, for an amount of Rs 10 crore. The rating is reflective of the strength of the promoters, conservative ... More RBI & OTHER CENTRAL BANKS Branch licensing — Reserve Bank needs to unfetter banks BRANCH licensing of yore may not hold for the future, thanks to technology. On-line ATMs and computer systems can do away with the need of managing a large number of branches, apart from reducing costs. Bankers have been quietly urging RBI to ... More PRIVATE BANKS IndusInd Bank looks at acquisition route for growth REALISING that organic growth will not be the way forward, private sector IndusInd Bank Ltd, is exploring the acquisition route for growth. The bank, which will have a renewed thrust on retail banking, is targeting to grow profits by 30-35 per ... More NON-PERFORMING ASSETS Rs 1.5 lakh cr locked up in litigations HAVE you ever thought how much public money is locked up in litigation? Up to Rs 1,52,797.98 crore of public money was locked up in litigation as on March 31, 2002 in various forums for direct and indirect taxes and courts of law. Of the total ... More
PNB notice to 400 defaulters CREDIT CARDS & DEBIT CARDS 
Central Bank to triple cardholder baseCENTRAL Bank of India (CBI), the Mumbai-based public sector bank, is targeting to triple its credit and debit cardholder base by the end of next fiscal to reach 3-lakh cardholders from the current level of around one-lakh cards. The bankexpects ... More TRADE & LABOUR UNIONS Bank VRS optees assn plans stir THE All India Bank Voluntarily Retired Staff Association has decided to launch a nation-wide agitation to press their demand for a fresh pension option and for the rectification of the pension anomalies. Mr Mathew Paul, Chairman of the ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Aug. 18-Aug. 24 RBI asks banks to follow norms for a/c opening `Housing finance cos ready to cut rates... ' SBI Life to toe bancassurance Banks reject tax challans sans PAN Max New York looking at `most admired' tag |
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