Financial Daily from THE HINDU group of publications
Thursday, October 24, 2002
| Forex Rates Oct. 23 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Thursday, October 24, 2002 |
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MONEY & BANKING FINANCIAL SERVICES PNB Gilts says strategy paying PNB Gilts has registered 80 per cent increase in net profit to Rs 30.01 crore for the quarter ended September 30, 2002. The total income of the company has also risen by 43 per cent to Rs 60.16 crore for the second quarter against Rs 42.10 ... More
Cheque processing centre in Mangalore FOREX Rupee declines by 3 paise THE rupee closed at 48.39 against the dollar on Wednesday as compared to Tuesday's close of 48.3625/37 in the forex market. There was steady demand for the dollar across the board. Foreign banks were seen buying dollars in the market. ... More NBFCS Kothari Orient to repay deposits FACING cases in courts instituted for alleged offences in connection with non-payment of public deposits, the Chennai-based Kothari Orient Finance Ltd has given an undertaking in the Madras High Court that the company would repay the deposits ... More HOUSING FINANCE Good response to SBI home fair CHENNAI: The property fair sponsored by State Bank of India at Chennai last week drew over 15,000 visitors, bank officials said. The bank has accorded in-principle sanction of Rs 80.06 crore to 1,044 housing loan borrowers. The ... More LIFE INSURANCE LIC not averse to buying CIAL stake `We don't invest in a paper just because it has a State Government guarantee to back it. We look at the track record of the State - especially NPAs, if any, generated from previous deals.' More GENERAL INSURANCE IRDA likely to phase out 5 pc special discounts THE 5 per cent special discount offered by the general insurance companies is expected to be phased out. Addressing a gathering of general insurance agents here on Wednesday, Mr N. Rangachary, Chairman of IRDA, said special discounts exist due ... More
Panel to study motor premium PRIVATE BANKS South Indian Bank H1 net rises 20 pc THE net profit of the Thrissur-based South Indian Bank has grown by 20.3 per cent to touch Rs 29.12 crore (Rs 24.21 crore) for the first half of the current year. Analysing the banks working results, Mr A. Sethumadhavan, Chairman and CEO said ... More PUBLIC SECTOR BANKS Vijaya Bank entering bond market to raise Rs 150 cr VIJAYA Bank is entering the bond market for accessing Tier-II capital. Speaking to Business Line, Vijaya Bank's Chairman and Managing Director, Mr M.S. Kapur, confirmed this move. It is planning to raise at least Rs 150 crore through the ... More
Oriental Bank raises Rs 200 cr MERGERS & ACQUISITIONS Aga Khan Fund to hike stake in DCB — Plans Rs 50 crore under Tier-II THE Geneva-based Aga Khan Fund for Economic Development (AKFED) is set to consolidate its equity holding in Development Credit Bank (DCB), the Mumbai-based Rs 5,950-crore private sector scheduled commercial bank, following the new guidelines ... 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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