Financial Daily from THE HINDU group of publications
Wednesday, October 23, 2002
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Financial Daily from THE HINDU group of publications Wednesday, October 23, 2002 |
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MONEY & BANKING FOREX Re slips; gilts range-bound THE rupee closed weaker at 48.3625/37 against the dollar on Tuesday as compared to Monday's close of 48.35/3550 in the forex market. Supply of the dollar was seen to be `average' in the forex market, therefore, we did not see the rupee ... More HOUSING FINANCE Corporation Bank home loan fair THE Mangalore-based public sector Corporation Bank is organising a two-day `home loan fair' here on October 26 and 27. Various `participants' in the housing sector such as builders, paint distributors, interior decorators, furnishers, insurance ... More
HDFC opens Thrissur branch
Federal Bank cuts home loan rates LIFE INSURANCE LIC decides not to pursue high-return schemes THE Life Insurance Corporation of India has taken an internal decision not to persist with high-return-guaranteed plans as these have been found to be unsustainable in a low-interest regime. Speaking to Business Line here, Mr N. C. ... More
ING stake goes above 26% in insurance joint venture
RBI & OTHER CENTRAL BANKS Banks can park funds in infrastructure projects IF the brief for a central bank is to guarantee liquidity in a milieu of low inflation and high forex reserves, the RBI can be said to have done more than its bit. On the supply side, RBI has been able to manage a dipping interest regime over the ... More PRIVATE BANKS GTB board to meet on Oct 29 THE board of directors of Global Trust Bank (GTB) is meeting on October 29 at Mumbai to consider and take on record the unaudited financial results of the bank for the second quarter of current fiscal year ended September 30, 2002, according to a ... More PUBLIC SECTOR BANKS 
Allahabad Bank plans Rs 100-cr bond issueALLAHABAD Bank, the Kolkata-based old generation public sector bank, is currently in the process of finalising formalities for a tier-II capital issue to further augment its capital to risk assets ratio (CRAR). This issue would take place soon ... More
`Andhra Bank not averse to taking Centurion' FINANCIAL INSTITUTIONS Bill soon to repeal IDBI Act; IFCI package under way IDBI would not need a bail-out. However, IFCI might require a helping hand, but the Government is not yet sure as to what extent that would be. That in gist was the conclusion reached at separate brainstorming meetings held by the Ministry of ... More INTEREST RATES Banks riding interest rate tiger FEW expected interest rates in India would drop so far and so fast. The yield on 10-year Treasuries (i.e., securities issued by the Government of India) has fallen nearly 4 per cent in less than two years. The steep slide in interest rates was ... More EVENTS `BECON-2002 to be held in Bangalore CORPORATION Bank, under the joint auspices of the Indian Banks' Association (IBA), will be hosting the 24th bank economists' conference (BECON-2002) between December 27 and 29 in Bangalore. The theme of the conference will be `Indian banking: ... 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. 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 |
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