Financial Daily from THE HINDU group of publications
Tuesday, October 08, 2002
| Forex Rates Oct. 7 (4.30 p.m. IST) | ||||||||||
|
Financial Daily from THE HINDU group of publications Tuesday, October 08, 2002 |
|
||||||||||||
|
|
|||||||||||||
|
MONEY & BANKING FINANCIAL SERVICES 
Western Union ties up with Andhra BankWESTERN Union Financial Services International, a global player in the money transfer business and part of the US-based $21-billion First Data Corporation, has announced an alliance with Andhra Bank, the Hyderabad-based public sector bank, to ... More FOREX Rupee slips; gilts rise Mumbai: THE rupee ended at 48.36/3650 against the dollar on Monday, a tad weaker than Friday's close of 48.3575/3625 in the forex market. "Natonalised banks were seen capping the rupee at 48.35 levels as seen in the previous week also,'' said ... More HOUSING FINANCE Watch this `exchange' offer A HOARDING put up by State Bank of India which is sponsoring a property fair in Chennai to boost its housing finance portfolio, had this headline: Come with your spouse and go with your house! A passer-by who preferred to ignore this feeble ... More FINANCIAL MARKETS Curbs in call market — PSBs shift focus to gilts PUBLIC sector banks, the proverbial lenders in the inter-bank money market, were today seen actively buying in gilts with caps on bank's lending in call money markets coming into force. The repo market was active and murmurs were on about term ... More PUBLIC SECTOR BANKS FOREIGN BANKS ABN-Amro opens NRI service in UAE ABN AMRO Bank has launched its NRI banking service in the UAE, enabling its customers access their accounts in India and the complete banking portfolio with the bank in the UAE, from a single desk. Customers can also seek advice on a range of ... More FINANCIAL INSTITUTIONS IDBI: Indefinite wait for the green signal WHAT will happen to Industrial Development Bank of India? On its way to becoming a universal bank, the country's premier financial institution appears to be waiting at a traffic signal with the amber light glowing for, what seems, eternity. ... More GOVT BONDS Cut-off rates for bonds THE cut-off rate for underwriting by primary dealers for the price-based auction of the 7.27 per cent 2013 paper was announced at one paise and that of the 7.95 per cent 2032 paper at three paise. The Rs 7,000 crore auction for the two papers ... More NON-PERFORMING ASSETS Allahabad Bank issues notices to defaulters ALLAHABAD Bank has sent around 700 notices to defaulting borrowers seeking to retrieve around Rs 85 crore. The strategy is in sync with the bank's overall aim to recover Rs 500 crore in the current year. The bank, about to make its maiden ... More TRADE & LABOUR UNIONS Jobs at Rs 50 per month! It is not that the newly constituted All India State Bank Officers Association is unaware of a Supreme Court ruling that any statutory provision conferring a right to appointment of children of the employees is "discriminatory and offends ... More
AIBOC officials coming TRENDS PSBs account for half the deposits in Q1 NATIONALISED banks accounted for 50.20 per cent of aggregate deposits, with State Bank of India (SBI) and its associates accounting for 24.10 per cent, for the quarter ended June 2002, according to the latest statistics released by the Reserve ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Sep. 29-Oct. 5 Dissenting bank unions may join wage talks Film financing: Are banks missing an opportunity? IDBI seeks to become stand-alone bank LIC says no to takeover of term loans by banks Affordable insurance cover against cancer |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home | Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |