The Hindu Business Line : Friday, September 20, 2002

Re edges down; gilts flat
Mumbai: THE rupee closed a tad weaker at 48.4125/42 on Thursday as compared to 48.4050 on Wednesday in the forex market. Supplies and demand of the dollar were seen to be moderate and said to be matching in the market. State-run banks were ... More

Rupee likely to gain 20 paise in 3 months
THE last couple of months have seen a rare phenomenon in Indian forex markets — the strengthening of rupee against the dollar steadily. Six months ago, the outlook (unanimous across dealing rooms) for the rupee was that it would touch 50 ... More

MUTUAL FUNDS

Short-term plan from SBI MF

GENERAL INSURANCE

Govt norms for promotion of DOs opposed
OFFICERS associations of the public sector general insurance companies have opposed the move of the Government to promote only those Development Officers (DO) who procure business of Rs 1.5 crore and above. The limit has been proposed in the ... More

CREDIT RATING

Fitch downgrades India Cements Cap

PRIVATE BANKS

Private banks can have 49 pc FDI + 49 pc FII
FOR once it appears that the Reserve Bank of India has slipped heavily, and that too in its own banking backyard. Or so the Government thinks. The Ministry of Finance feels that the RBI Governor, Dr Bimal Jalan, had erred in stating recently ... More

ICICI Bank opens call centre at Hitec City
The facility is claimed to the largest in the Indian banking sector till date with a capacity of 1,100-seats. The bank plans to double the capacity of the call centre in the next one to one-and-a-half years. The Hyderabad facility was ... More

FOREIGN BANKS

Bank of Tokyo staff told not to disturb functioning
MR Justice P.K. Samanta of the Calcutta High Court on Wednesday directed the police to see that order of injunction passed by the trial court in the Bank of Tokyo Mitsubishi case is carried out. The court passed the order in a revision case ... More

SHORT TERM INSTRUMENTS

Rough road ahead for STRIPS
Dealers feel insurance companies also stand to gain with an easier task of asset liability management. The stripped coupons will suit varying maturities in tune with their needs. More

SECURITISATION

`Off-balance sheet dealings are not fraudulent acts'
OFF-BALANCE sheet asset-backed securitisation transactions are not ``fraudulent acts'' despite the growing concerns over any transaction that is ``off-balance sheet'' in a post-Enron and WorldCom world, according to Mr Noel C. Edison, Managing ... More

CO-OPERATIVES

Professionals in co-op banks mooted
VISAKHAPATNAM: Engaging the services of professionals in the co-operative banking sector in the State for its proper management is one of the recommendations of the four-member expert committee, constituted by the Andhra Pradesh ... More

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