Financial Daily from THE HINDU group of publications
Friday, October 11, 2002
| Forex Rates Oct. 10 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, October 11, 2002 |
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MONEY & BANKING FINANCIAL SERVICES PNB Gilts shifts focus to co-ops, RRBs PNB Gilts has shifted focus to the co-operative banks and regional rural banks in a bid to push up turnover of securities trading. PNB Gilts Ltd is the securities trading arm of the public sector Punjab National Bank. Briefing presspersons ... More FOREX Rupee slips; securities weak THE rupee closed on Thursday at 48.35/36, a tad weaker than Wednesday's close of 48.3175/3275 against the dollar in the forex market. The rupee underwent a correction for the massive appreciation that took place on Wednesday. Players were ... More HOUSING FINANCE HDFC mulls bonus issue THE board of Housing Development Finance Corporation Ltd (HDFC) is to consider a bonus issue and a proposal for a five per cent share buy-back. The board would meet on October 17 to decide on these two proposals, an official statement said ... More LIFE INSURANCE 
DCB to sell Birla Sun Life productsBIRLA Sun Life Insurance has tied up with Development Credit Bank (DCB) for the distribution of its life insurance products. The company will offer its entire range of insurance products to the customers of DCB, leveraging the latter's customer ... More GENERAL INSURANCE IRDA warns insurers on motor tariff norms breach EXASPERATED at the continued violation of motor tariff norms by insurance companies, the Insurance Regulatory and Development Authority (IRDA) has written a letter to the chief executives of the companies reminding them of the existence of the ... More PRIVATE BANKS Large withdrawals at United Western Mumbai branches THE Satara-based United Western Bank Ltd said that it faced large withdrawal of deposits from two of its branches in Mumbai. A bank official said he suspected rumours spread by "vested interests'' that the bank had suffered losses on account of ... More PUBLIC SECTOR BANKS FOREIGN BANKS 
No VRS plans for India: StanChartSTANDARD Chartered Bank (SCB), which announced the legal integration of Grindlays Bank early last month, has no plans to introduce yet another round of VRS for its employees in India, according to Mr Jaspal Bindra, Chief Executive of Standard ... More FINANCIAL INSTITUTIONS IDBI to be recast as stand-alone bank — Package awaits Jaswant's nod THE Government is set to approve shortly a restructuring package for Industrial Development Bank of India (IDBI) featuring the conversion of the institution into a commercial bank on a stand-alone basis. The package is awaiting the approval of ... More NON-PERFORMING ASSETS RBI suggests mechanism to spot potential bad assets THE Reserve Bank of India has suggested that banks follow an early warning system for preventing accounts from turning into NPAs. In a recent circular, RBI has suggested to the banks to have a new asset category — `special mention ... More MERGERS & ACQUISITIONS Andhra Bank not keen on Centurion; fears erosion ANDHRA Bank is understood to have told the Reserve Bank of India that it would consider takeover of Centurion Bank only if it is compensated for the negative net worth of the bank from DICGC (Deposit Insurance and Credit Guarantee Corporation) ... More EVENTS Good response expected for finance expo AS many as 40 leading banks, financial institutions, insurance and mutual fund companies are expected to participate in the month-long exposition on banking and insurance - Finanz-02 - which is to begin at Thrissur on November 1. The ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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