Financial Daily from THE HINDU group of publications
Tuesday, October 29, 2002
| Forex Rates Oct. 28 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Tuesday, October 29, 2002 |
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MONEY & BANKING FOREX Rupee down six paise THE rupee closed almost 6 paise weaker at 48.4250/4350 against the dollar on Monday, as compared to its previous close of 48.3650/37 in the forex market. There was high volatility in the markets with the currency unexpectedly choppy throughout ... More LIFE INSURANCE Max New York to publish `embedded value' HOW does one judge the performance of a life insurance company? Total sum assured? Premium income earned? Number of policies sold? Productivity of agents? Different companies have chosen different parameters (as it suits them) to show themselves ... More
New `rural area' definition to benefit life insurance cos GENERAL INSURANCE Insurance cos must refund excess motor premium TRANSPORTERS are an elated lot after the Insurance Regulatory and Development Authority of India (IRDA) today took a stand that all general insurance companies would have to refund the entire excess premium charged by them from transport ... More RBI & OTHER CENTRAL BANKS RBI committee calls for ban on securities trading by LABs LOCAL Area Banks (LABs) should be prohibited from trading in Government securities, a group of banking specialists appointed by the Reserve Bank of India (RBI) to review the functioning of LABs has recommended. In a report submitted to the RBI ... More PRIVATE BANKS Pampering the super-rich: ICICI Bank shows the way THEY will go to great lengths to cater to the super-rich who bank with them. If you are in the super-affluent club, they just might walk your dog and wish you on your birthday in that very special way. And, of course, they will also indulge in ... More PUBLIC SECTOR BANKS Bank of India net up 44 pc HIGHER non-interest income enabled Bank of India to better its results in the second quarter. The net profit has registered a 43.85 per cent rise at Rs 194.43 crore (Rs 135.16 crore). Non-interest income rose by 36.75 per cent. "Our spread has ... More
PNB first-half net at Rs 411 cr
Andhra Bank nets Rs 67 cr
UCO Bank bond placement
Oriental Bank net up 37 pc
BoB profit at Rs 137 cr in Q2 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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