Financial Daily from THE HINDU group of publications
Friday, September 13, 2002
| Forex Rates Sept. 12 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, September 13, 2002 |
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MONEY & BANKING FINANCIAL SERVICES Geojit Securities to shift client a/cs to UTI Bank IN a bid to expedite settlement pay-out in a more efficient manner, the Kochi-based Geojit Securities has decided to shift all its personal and client accounts to UTI Bank. One of the largest depository participants (DP) in the State, Geojit ... More FOREX Rupee stable; securities up Mumbai: THE rupee closed at 48.4550 on Thursday, unchanged from Wednesday's close in the forex market. The forex market was dull during the day. Cross currency trading was also seen to be low, said a dealer. International majors were all ... More LIFE INSURANCE LIC announces bonus rates LIFE Insurance Corporation (LIC) has declared a bonus of Rs 100 per thousand sum assured for Whole Life policyholders. For endowment type policies, the corporation has announced a bonus in the range of Rs 49 to Rs 71 per thousand sum assured. ... More GENERAL INSURANCE Oriental cleans up motor cover losses; still in red IN a major clean-up exercise, Oriental Insurance Company Ltd (OIC) has made total provisions of Rs 246.4 crore during 2001-02 to cover up its losses in its motor portfolio, resulting in the company showing a net loss of Rs 235.66 crore during the ... More FOREIGN DIRECT INVESTMENT 
Jalan hopes for early decision on FII cap — Sees little impact from crude price spurtTHE Governor of the Reserve Bank of India, Dr Bimal Jalan, today said he hoped the Government would soon decide on the level of foreign institutional investment (FII) in the banking sector. Speaking on the sidelines of a seminar `Indian ... More PRIVATE BANKS RBI directs Global Trust to change auditors THE Reserve Bank of India has rejected the request of Global Trust Bank (GTB), the Hyderabad-based private sector bank, for reappointment of Lovelock & Lewes, Chartered Accountants, as the statutory auditors of the bank for the financial year ... More
Injunction on Federal Bank vacated PUBLIC SECTOR BANKS SBI interaction with CAs THE branches of State Bank of India in Mangalore organised a `Chartered accountants' meet' to highlight the bank's various personal and commercial segment products available to individuals, industrialists and the trading community. According to ... More FINANCIAL INSTITUTIONS Banks halt IFCI support plans pending revival package Banks have also decided to hold back any further decision on rollover of their investments in IFCI's instruments that have come up for redemption recently. More
IFCI in talks for asset recast venture partner
CORPORATE BONDS ICICI Bank files prospectus for Safety Bonds ICICI Bank is likely to hit the retail debt market with the erstwhile ICICI's popular series of bonds called `Safety Bonds'. The bank has filed an umbrella prospectus with the Securities and Exchange Board of India (SEBI) to raise Rs 2,500 ... More FIXED DEPOSITS Andhra Bank cuts rates on term deposits ANDHRA Bank, the Hyderabad-based public sector bank, has announced a revision in its interest rates on both domestic and NRE term deposits. In a press release here, the bank said the new reduced interest rates would come into effect from ... More ALLIANCES & JOINT VENTURES Allahabad Bank boutiques to sell ICICI Prudential products ALLAHABAD Bank and ICICI Prudential Life Insurance Company Ltd have announced a strategic bancassurance tie-up for distribution of life insurance products. An agreement in this regard was signed on Tuesday by Dr S. Samal, CMD of Allahabad Bank, ... More TRENDS Better show by banking sector, says Fitch INDIAN banks have, over the past few years, improved their capital adequacy ratios. On an average, the reported capital adequacy ratio of public sector banks improved by a percentage point to 11.43 per cent for fiscal year 2002 from 10.43 per ... 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 Sep. 1-Sep. 7 Private insurers begin rural invasion `Limitation clause may hit NPA recovery' StanChart, Grindlays merger completed `Bank rate cut will not exceed 50 basis points' 25 is `right age' to plan for retirement LIC in talks with States for pensions for underprivileged PSU insurance cos cancel long-term accident schemes |
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