Financial Daily from THE HINDU group of publications
Monday, October 28, 2002
Financial Daily from THE HINDU group of publications Monday, October 28, 2002 |
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MONEY & BANKING FOREX Rupee set for dull, range-bound trading Overall the bullish sentiment for rupee still holds in the markets. For the rupee to appreciate, it will have to get past 48.35, which seems difficult as of now. More INFORMATION TECHNOLOGY Wilco solution for Spanish bank WILCO International, a subsidiary of Automatic Data Processing, Inc, has announced that it has deployed its Gloss solution for securities and corporate actions processing for La Caixa, Spain's largest savings bank. The Spanish bank is using ... More NBFCS Repayment to depositors from Dec: Pradip Kothari THE Chairman and Managing Director of Kothari Orient Finance, Mr Pradip D. Kothari, has reiterated his commitment to begin repayment of deposits from December. The first tranche would involve a repayment of Rs 1.5 crore and thereafter the company ... More DEBT MARKET Banks cutting back deposits at short-end BOND markets eased off and yields went up slightly with profit-taking while uncertainty over the cut in the repo rate in the busy season credit policy announcement dominated sentiment. Ten-year yield to maturity (YTM) as a result rose to 7.07 ... More PRIVATE BANKS Centurion Bank does cleaning-up, trims net loss FOLLOWING a clean-up of its balance sheet, Centurion Bank Ltd has reported a lower net loss of Rs 13.40 crore for the quarter ended September 30, 2002, as compared to a net loss of Rs 31.24 crore in the corresponding period in the previous ... More PUBLIC SECTOR BANKS Bankers bristle at charge over low credit-deposit ratio THE banking community in Kerala, which has come under a fresh bout of attack by the political establishment holding it responsible for the persisting low credit-deposit ratio in the State, has denied that deposit monies are being diverted for ... More CREDIT CARDS & DEBIT CARDS SBI entry seen to boost debit card culture In debit cards, there can be no delinquencies, as the money is paid to the merchant only out of the customer's account. More MERGERS & ACQUISITIONS Ministry, RBI in talks on PNB-Nedungadi merger ACTION at the ground level has started on the proposed merger of Nedungadi Bank Ltd (NBL) with Punjab National Bank (PNB). As a first step towards the merger, the Government and the Reserve Bank of India (RBI) have initiated talks for ... More TRADE & LABOUR UNIONS TRENDS B(l)ank balance of an overbanked State THE late Prof I.S. Gulati, economist, nationally recognised expert on public finance and long-time Vice-Chairman of the Kerala State Planning Board, used to nurse two pet peeves. The first was the iniquity of Centre-State fiscal relations, ... 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. 20-Oct. 26 No major change likely in interest rates for now Armed with securitisation Ordinance — PSBs not keen to shift bad loans to asset revamp company Banks likely to be freed of statutory requirements — Collateralised borrowing and lending obligation IRDA strong-arm tactics pay off — Insurers accepting third-party liability cover |
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