Financial Daily from THE HINDU group of publications
Friday, November 01, 2002
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Financial Daily from THE HINDU group of publications Friday, November 01, 2002 |
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MONEY & BANKING FINANCIAL SERVICES Magma aims at 80 pc rise in business — Second-quarter PAT at Rs 2.22 cr MAGMA Leasing Ltd, a mid-segment player in the truck, car and construction equipment financing segments, has projected a business of Rs 600 crore for the current financial year, an increase of nearly 80 per cent over the Rs 335 crore achieved in ... More FOREX Re strengthens; gilts up THE rupee gained in strength by 3 paise to close at 48.3550/3650 against the dollar on Thursday, as compared to Wednesday's close of 48.3850/39 in the forex market. Heavy buying of the greenback was seen in the market on Thursday. "There was ... More
New series in Rs 10 notes CREDIT POLICY Bank rate cut short of industry expectations THE Credit Policy announced by the RBI, though generally welcomed by the industry here, does not seem to have met the expectations of the industry in as far as cut in interest rate is concerned. There is also apprehension that the benefit of ... More NBFCS 
Cholamandalam rights issue to raise Rs 30 cr — Q2 profit up 60 pcCHOLAMANDALAM Investment and Finance Co Ltd (CIFCL), the Chennai-based non-banking finance company, today announced a rights issue to raise Rs 30 crore. The board of directors of the company which met here approved the proposal. The issue ... More
Ashok Leyland Finance first-half net up 27 pc LIFE INSURANCE Sun Life ready to hike stake in insurance venture "CHEQUES in the mail just waiting to be cashed." That's how Mr Gary Comerford, Vice-President, International Marketing, Sun Life Financial and General Manager (India) put it when asked about his company's plan to invest more in its insurance ... More PRIVATE BANKS Dhanalakshmi Bank H1 profit up 33 pc THE net profit of Thrissur-based Dhanalakshmi Bank has grown by 33 per cent to Rs 6.86 crore (Rs 5.14 crore) for the first half of the current year. Gross profit went up by 62 per cent to touch Rs 29.87 crore (Rs 18.47 crore), a fax from the ... More
IndusInd posts 2-fold rise in Q2 net profit PUBLIC SECTOR BANKS PNB donates Rs 5 cr to PM Relief Fund PUNJAB National Bank (PNB) has donated Rs 5 crore to the Prime Minister's Relief Fund at New Delhi today. Mr S.S. Kohli, Chairman and Managing Director, PNB presented the cheque to the Prime Minister, Mr Atal Bihari ... More
Corpn Bank opens another ATM in Mangalore INTEREST RATES SBI cuts PLR 25 basis points STATE Bank of India (SBI) has announced reduction in prime lending rates. More banks are expected to follow suit. Following the 25 basis point bank rate cut in the Credit Policy, SBI has cut its prime lending rate (PLR) by 25 basis points to ... More EVENTS Banks keen to manage business risks better THE falling interest rates are resulting in reduction of lending incomes for banks. Hence, banks have started to look at ways of managing business risks better, especially since demands from corporate clients to achieve a better control on their ... 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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