Financial Daily from THE HINDU group of publications
Thursday, October 17, 2002
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Financial Daily from THE HINDU group of publications Thursday, October 17, 2002 |
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MONEY & BANKING FOREX Re sheds 5 paise; gilts up THE rupee closed 5 paise weaker at 48.39/40 against the dollar on Wednesday as compared to its previous close of 48.34 in the forex market. There was seen to be demand for the greenback from both foreign banks and State-run banks, said a forex ... More SOFTWARE i-flex banking solution for IMF I-FLEX Solutions Ltd, a Bangalore-based provider of integrated IT solutions for the financial services industry, announced that it has been chosen by the International Monetary Fund (IMF) to implement its flagship banking product ... More HOUSING FINANCE Not interested in takeovers — PSBs prefer new home loans PUBLIC sector banks have begun discouraging taking over of retail loans in a bid to arrest shrinking yield on assets. State Bank of India (SBI) and Syndicate Bank which initially moved in to takeover of housing loans no longer prefer this ... More
SBI home loan mela draws good response LIFE INSURANCE 
LIC sets tough trend for private players — To focus on expanding agency networkLIFE Insurance Corporation of India's outstanding claims ratio of 0.6 per cent, one of the world's lowest, has created an unassailably tough act for the new generation private life insurers to follow. This is expected to trigger a lot of churning ... More DEBT MARKET Debt market info on the Net MUMBAI: Investmentz.com, a division of Asit C Mehta Investment Intermediates Ltd, a brokerage house, has launched DebtMarketz.com, which will provide information on the Net, especially for the small players in the debt ... More PRIVATE BANKS GTB launches `e-Remit' NEW DELHI: Global Trust Bank (GTB) on Wednesday set up 10 new ATM centres here and also launched its e-Remit facility. With e-Remit, GTB customers would now be able to use Internet banking to transfer funds to any customer of any branch, ... More PUBLIC SECTOR BANKS Allahabad Bank lending up on retail boost ALLAHABAD Bank's advances in the first six months of the current financial year increased by Rs 800 crore, compared to an increase of Rs 137 crore in the same period last year. In an informal chat with journalists on the sidelines of a press ... More FINANCIAL INSTITUTIONS SIDBI cuts capital gain bond rates SMALL Industries Development Bank of India (SIDBI) has reduced the interest rate on its on-tap issue of capital gain bonds to 7 per cent per annum from 7.25 per cent. The lower interest rate is effective from October 17. Other terms and ... More REGULATORY BODIES & RULINGS IRDA widens scope of `agents' In its efforts to make insurance products available to maximum number of citizens, the Insurance Regulatory and Development Authority (IRDA) has decided to expand the definition of `corporate agents' to include several grass-root entities such as ... More CO-OPERATIVES Govt to set up supervisory body for UCBs THE Government plans to set up an apex supervisory body for urban co-operative banks (UCBs) shortly, which will be headed by an additional deputy governor of the Reserve Bank of India (RBI), according to Mr Anandrao Adsul, the Union Minister of ... 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 Oct. 6-Oct. 12 PSBs account for half the deposits in Q1 Polymer notes not now: RBI Andhra Bank not keen on Centurion; fears erosion Cap on health riders in life policies — IRDA makes insurers uneasy |
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