Financial Daily from THE HINDU group of publications
Thursday, October 10, 2002
| Forex Rates Oct. 9 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Thursday, October 10, 2002 |
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MONEY & BANKING FINANCIAL SERVICES ABN-Amro to upgrade dealing room FORESEEING the potential in the Indian financial markets, the Dutch, ABN-Amro Bank N.V. and ABN Amro Securities (Indian) Pvt Ltd have invested around Rs 4.7 crore (1 million euro) to upgrade its dealing room. "We hope to increase volumes in the ... More FOREX Re gains 4 paise; gilts rise THE rupee closed stronger on Wednesday by 4 paise at 48.3175/3275, as compared to Tuesday's close of 48.35/3550 against the dollar in the forex market. The domestic currency opened higher, gained strength on lack of demand. Inflows were also ... More HOUSING FINANCE 
IDBI Bank invites home loan transfersIDBI Bank has launched a marketing scheme which `incentivises' home loan customers of other banks to shift to it. Calling the scheme a `festival offer', Mr Gunit Chadha, Managing Director and CEO of IDBI Bank, told newspersons here today that ... More
Andhra Bank cuts home loan rates GENERAL INSURANCE Insurance pool system goes DOMESTIC general insurance companies have quietly abandoned the pool arrangements, which allowed for sharing of risks amongst all the domestic companies. Sources said that this arrangement had been dropped in view of resistance from the private ... More PUBLIC SECTOR BANKS PSB's loan scheme for medical practitioners THE Punjab and Sind Bank (PSB) has launched a new loan scheme for medication practitioners — Swasthya Scheme. Loans can be availed under the scheme by qualified medical practitioners to set up their own clinics, diagnostic centres, ... More SHORT TERM INSTRUMENTS Lending curbs on banks may spur term money market THE nascent term money market is likely to develop as a fall-out of the new lending restrictions on banks in the call money market. Money market dealers infer that if Clearing Corporation of India's new secured lending product - ... More MERGERS & ACQUISITIONS 
Allahabad Bank to merge subsidiaryALLAHABAD Bank plans to merge with it `AllBank Finance Ltd,' a wholly-owned subsidiary shortly. Addressing presspersons here, Dr B. Samal, Chairman and Managing Director, did not confirm when exactly the merger is scheduled. "As soon as ... More SHAREHOLDER ACTIVISM No move now to raise cap on voting rights in banks LARGE shareholders of private and foreign banks who are feeling partially disenfranchised under the present banking laws will have to wait for some time for getting their grievance on voting rights redressed. In what would signal that there is ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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