Financial Daily from THE HINDU group of publications
Wednesday, September 04, 2002
| Forex Rates Sept. 3 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, September 04, 2002 |
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MONEY & BANKING FOREX Rupee at new high; securities up Mumbai: THE rupee touched a new high to close at 48.4675/4725 against the dollar as compared to Monday's close of 48.4750/48 in the forex market. Supplies of dollar were low with the US markets closed on Monday, dealers said. The dollar ... More HOUSING FINANCE HDFC cuts rates to 10.5 pc COMPETITION appears to be getting the mortgage finance leader HDFC Ltd into action. With State Bank of India and LIC Housing Finance reducing interest rates on housing loan advances a few days ago, HDFC today announced a 50-basis point cut in ... More
Central Bank cuts home loan rates LIFE INSURANCE ING Vysya first cash bonus ING Vysya Life Insurance has declared its first annual cash bonus for its policyholders which is five per cent on the premium paid on the policies. The cash bonus is a feature of ING Vysya Life reassuring Life (endowment plan) and maximising ... More
Om Kotak forced to withdraw insurance bond GENERAL INSURANCE Almatti insurance bids — United India moves TAC THE public sector United India Insurance Company Ltd (UIIL) has moved the Tariff Advisory Committee (TAC) on the bids made by the private sector for the Almatti Dam Power project. The TAC is an arm of the Insurance Regulatory and Development ... More FINANCIAL POLICY Repeated bail-outs create moral hazard The Government, last week, announced its bail-out package for UTI. This was no hole in the bucket. The bill was almost Rs 15,000 crore and means the fund had lost a further 30 per cent of its corpus in just two to three years after the previous ... More PRIVATE BANKS Federal Bank, UAE firm tie up for fund transfer FEDFAST, Federal Bank's instant money transfer solution, is now available through all the branches of Thomas Cook Al Rostamani Exchange in UAE. With a view to enhancing the services offered to its non-resident customers mainly in the Gulf, the ... More INTEREST RATES `Bank rate cut will not exceed 50 basis points' THE Reserve Bank of India (RBI) would, at the maximum, go in for a 50 basis point cut in bank rate as and when it decides to do so. "The RBI Governor, Dr Bimal Jalan, had even recently reiterated the central bank's commitment for a soft ... More CREDIT CARDS & DEBIT CARDS 
ABN-Amro launches debit cardABN-AMRO Bank N.V. (India) will launch home mortgage loans before the end of this fiscal. Following the legislative changes regarding foreclosure and risk weightage of 50 per cent, the home mortgage loans market had received a boost, said Mr ... 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. 25-Aug. 31 RBI Web site to detail gilt deals soon Insurance industry in crisis: IRDA chief Rs 1.5 lakh cr locked up in litigations RBI may permit banks to issue standby LCs New IRDA motor norms may add to insurance cos' woes Solar-powered ATMs? Why do banks neglect the farm sector? RBI annual report 2001-2002 — Economic climate may force RBI to change stance |
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