Financial Daily from THE HINDU group of publications
Friday, September 06, 2002
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Financial Daily from THE HINDU group of publications Friday, September 06, 2002 |
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MONEY & BANKING PENSION PLANS LIC in talks with States for pensions for underprivileged The States will first have to compile a list of people who will be eligible for such a cover and then submit it to LIC, which, in turn, will work out the costs, longevity, interest earning factors and other details that would be crucial to implementa tion of the plans. More FOREX Rupee sheds 2 paise; gilts up Mumbai: THE rupee ended marginally weaker on Thursday at 48.48 against the dollar in the forex market as compared to Wednesday's close of 48.4550/4650. Dealers said the market was lacklustre except for some dollar demand from State-run banks ... More INFORMATION TECHNOLOGY 
`Banks must step up security system to deal with e-frauds '"COMPUTER-related frauds and frauds committed by people in managerial positions are becoming a major threat to organisations in India," Mr Leeladhar, Chairman of Union Bank of India, said at the seminar on `Prevention of frauds and financial ... More
Syndicate Bank's e-initiatives NBFCS SC upholds RBI ruling on Sanchayani THE Supreme Court has upheld Reserve Bank of India's directive to Sanchayani Savings and Investment Company Ltd, to stop accepting public deposits. The RBI has in its letter dated May 10, 1997, prohibited the company from conducting its ... More HOUSING FINANCE 60 pc rise in loan approvals by HDFC Dubai centre THE spurt in investments in Indian real estate by NRIs in the Gulf over the past few months has had its ripple effect on HDFC's business in the region, with the corporation witnessing a significant growth in loan applications between April and ... More GENERAL INSURANCE RBI lowers risk weighting for New India's export credit cover IN a move designed to encourage better risk management products, the Reserve Bank of India (RBI) has reduced the risk weighting to 50 per cent for export credits covered by New India Assurance Company's Business Credit Shield (BCS). The RBI has ... More FINANCIAL INSTITUTIONS Fossilised professionals WHILE we are quick to berate our political masters for taking the country downhill, we are much too indulgent to the bureaucratic and professional classes (both have nowadays become indistinguishable!) who are often the cause of much that goes ... More NON-PERFORMING ASSETS Oriental Bank tests the waters with small fish AMIDST the sabre-rattling by lenders with the help of the new recovery law that has tilted the balance in their favour, Oriental Bank of Commerce (OBC) has chosen to be the odd one out. Adopting a cautious approach, the bank has decided to test ... More FIXED DEPOSITS BoI hikes FCNR rates MUMBAI: Bank of India has raised FCNR deposit rates by 15-20 basis points in some maturities effective September 7. Rates on dollar US deposits are 1.70 per cent (1.50 per cent) for one year to less then two years. For two to less than ... More IPOS Applications worth Rs 1,458 cr for Union Bank IPO UNION Bank of India's maiden public issue has been oversubscribed five times, sources in the banking industry said. The bank had come out with an IPO for Rs 288 crore, of which Rs 28 crore was reserved for the employees. Net offer to the public ... 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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