Financial Daily from THE HINDU group of publications
Friday, September 27, 2002
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Financial Daily from THE HINDU group of publications Friday, September 27, 2002 |
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MONEY & BANKING FOREX Rupee stable; gilts dull Mumbai: IN a market marked by thin attendance, the rupee finished nearly unchanged at 48.3950/40 against the dollar in comparison to Wednesday's close of Rs 48.3975/4025. Dealers who were available for comment said the market was largely stable ... More STOCKS Interest perks up in Bank of Rajasthan THE stock price of Bank of Rajasthan (BoR) today rose sharply on the bourses along with rise in trading volumes on market talk that the promoters (Tayal group) are hiking their stake through the creeping acquisition route. On the BSE, the stock ... More
ICICI Bank: Delivery ratio low on NSE NBFCS Magma Leasing to focus on retail financing FOLLOWING a surge in disbursements from Rs 226.29 crore (annualised) in the previous year to Rs 335 crore in 2001-02, an increase of 48 per cent, Magma Leasing Ltd has projected a business of Rs 600 crore for the current financial year. Talking ... More HOUSING FINANCE How `floating' are SBI rates? IF you are one of those who took a "floating rate" loan from the State Bank of India (SBI) a year or two ago, and expected to reap in full the benefits of lower interest rates that you are reading about everywhere, it's time to take a closer look ... More NON-PERFORMING ASSETS Rules notified for NPA sale — Banks now better equipped to pursue loan defaulters THE Ordinance for recovery of bad debts has now been fully operationalised with the Ministry of Finance notifying the rules for taking possession and subsequent sale of assets of defaulters. The Securities Interest (Enforcement) Rules, 2002, also ... More
Federal Bank for `humane' approach in asset recovery SHORT TERM INSTRUMENTS RINL to roll over CP plan for another 90 days Srei Capital Markets, a member of the Srei International Finance Group, which acted as fund manager for the first phase, has taken up the rollover assignment to market the CPs to various investors. More MERGERS & ACQUISITIONS 
ICICI Bank offloads 16.5 pc stake to FIIs in block deals — Raises Rs 1,318 cr at Rs 130 per shareFOREIGN investors, including Government of Singapore Investment Corporation and a Lombard Insurance (Canada) affiliate, today acquired 10.14 crore shares, representing 16.5 per cent of the equity capital, of ICICI Bank Ltd at Rs 130 per ... More CO-OPERATIVES Errant co-op banks `let off' by AP Govt THE Andhra Pradesh Urban and Town Co-operative Banks' Association has accused the State Government of failing to act against eight urban co-operative banks on the verge of collapse and found to be indulging in malpractices. It urged the ... More TRENDS Bandh hits banking operations in Mumbai BANKS wore a desolate look and clearing operations were disrupted on account of the nationwide `bandh' called for by the Vishwa Hindu Parishad (VHP) and backed by the Shiv Sena in Mumbai today. Many banks worked with skeletal staff as employees ... 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 Sep. 15-Sep. 21 US venture shortly — LIC finds slight dip in policies sale No RBI approval needed for prepaying ECBs up to $100 m UCO Bank to go for IPO next fiscal Private banks can have 49 pc FDI + 49 pc FII `Surplus' in banks even after VRS — SBI may come out with exit option |
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