Financial Daily from THE HINDU group of publications
Tuesday, October 22, 2002
| Forex Rates Oct. 21 (4.30 p.m. IST) | ||||||||||
|
Financial Daily from THE HINDU group of publications Tuesday, October 22, 2002 |
|
||||||||||||
|
|
|||||||||||||
|
MONEY & BANKING FOREX Rupee up 4 paise; gilts weak THE rupee closed almost 4 paise firmer on Monday at 48.35/3550 against the dollar as compared to its previous close of 48.3950/4000. The supply of the dollar bunched up over the weekend is believed to have to propped up the rupee, said a forex ... More HOUSING FINANCE LIFE INSURANCE SBI Life group cover for AP police SBI Life Insurance Company Ltd, the joint venture between the State Bank of India and the French insurance major Cardif SA, is negotiating with a number of banks and housing finance companies (HFCs) to offer insurance cover to the borrowers of ... More GENERAL INSURANCE 
Cholamandalam insurance co in talks with MitsuiCHOLAMANDALAM General Insurance Company Ltd, part of the Chennai-based Murugappa group, will consider roping in a partner as and when "a good party comes along". At present, Cholamandalam General Insurance is entirely owned by the Murugappa ... More RBI & OTHER CENTRAL BANKS Banks likely to be freed of statutory requirements — Collateralised borrowing and lending obligation THE Reserve Bank of India is considering a proposal to exempt banks from meeting SLR and CRR requirements for their borrowings through the Clearing Corporation of India (CCIL)'s new money market trading platform. This follows recommendations ... More
RBI warns against using `e-gold' as currency PRIVATE BANKS Catholic Syrian H1 net up 60 pc THE net profit of the Thrissur-based Catholic Syrian Bank has grown by 60 per cent to touch Rs 11.76 crore during the first half of 2002-03, as against Rs 7.34 crore reported for the corresponding period of last year. The operating profit has ... More
United Western net down in Q2 PUBLIC SECTOR BANKS Due diligence reveals more holes — Andhra Bank wants RBI to make good Centurion `erosion' The Andhra Bank management has written to RBI stating that prior to a decision on the matter, the central bank should agree to compensate it for the erosion through the Deposit Insurance Credit Guarantee Corporation. More CREDIT CARDS & DEBIT CARDS ICICI Bank offers `drivesmart' to fleet operators ICICI Bank has launched a chip-based credit card for transporters. The product, `drivesmart', is a fleet credit package for fleet-owners running goods and transport vehicles, the bank said in a release. The scheme, similar to supplementary ... More FIXED DEPOSITS Corpn Bank cuts rates on deposits CORPORATION Bank has brought down its rates of interest on term deposits of nearly all maturities with effect from October 21. The interest on deposits in the `maturity band' of 46 to 90 days and 91 to 179 days have been brought down to 5.50 ... More ALLIANCES & JOINT VENTURES Karnataka Bank to distribute MetLife products THE 79-year-old private sector Karnataka Bank has signed an agreement with MetLife India for distributing insurance products as a `corporate agent', a move which the bank's Chairman and CEO, Mr Ananthakrishna, feels will result in "enhanced ... More TRENDS Bank lending to self-help groups on the rise MICRO-financing is gaining in importance in banks' lending programmes. Financing through self-help groups (SHGs) received an impetus last year with banks more than doubling loan disbursements through such groups. As on March 31, 2002, banks ... 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 Oct. 13-Oct. 19 LIC gets clearances for US operations — Eyes NZ, Australia and China IMF-World Bank: Search for legitimacy Rural branches on the decline LIC sets tough trend for private players — To focus on expanding agency network HDFC Chubb goes on stream Unfair deal for the ordinary investor |
|
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 |