Financial Daily from THE HINDU group of publications
Wednesday, November 06, 2002
| Forex Rates Nov. 5 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, November 06, 2002 |
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MONEY & BANKING REGIONAL RURAL BANKS South Malabar Gramin Bank H1 net at Rs 7.58 cr SOUTH Malabar Gramin Bank has scaled the number one position among the regional rural banks with a total business volume of Rs 1,356 crore as on September 2002, according to a fax received from the bank. It made a profit of Rs 7.58 crore (Rs ... More AWARDS & HONOURS Nabard co-op bank awards THE Krishna District Central Co-operative Bank Ltd and the Eluru District Central Co-operative Bank Ltd in Andhra Pradesh have been adjudged as the best performing banks for 2000-01. The Union Finance Minister, Mr. Jaswant Singh, will present ... More FOREX Rupee stable; bonds rally THE rupee closed almost unchanged at 48.32/33 against the dollar on Tuesday as compared to Friday's close of 48.33/3350. There was hardly any movement in the dull forex market, with the intra-day high being 48.3150 and the intra-day low being ... More STOCKS Union Bank sees good volumes THE recently-listed Union Bank of India has been attracting heavy volumes on the major bourses. On Tuesday, the counter witnessed combined volumes (on the Bombay Stock Exchange and the National Stock Exchange) of 22.44 lakh shares. The stock ... More CREDIT RATING CP rating of ITI lowered ICRA has downgraded the Rs 100-crore commercial paper/short-term borrowing programme of ITI Ltd (ITI) from `A1' indicating the highest safety to `A2'. The revised rating indicates high safety in the short-term. The rating revision takes into ... More PUBLIC SECTOR BANKS Central Bank to cut PLR in phases CENTRAL Bank of India has decided to reduce its prime lending rate by 1 per cent in two phases. In the first phase, the PLR will be cut by 50 basis points to 11.50 per cent with effect from December 1, 2002. In the second phase, the PLR will be ... More FINANCIAL INSTITUTIONS PSUs worried over funds in IFCI UNABLE to recover their investments, several public sector corporations, which have parked funds in the beleaguered financial institution, IFCI have landed in trouble. Many of these investing corporations have not been able to fully recover ... More MERGERS & ACQUISITIONS PNB-Nedungadi merger likely before February THE final merger between the Kozhikode-based Nedungadi bank and the Delhi-based Punjab National Bank is likely to materialise before February, when the current moratorium imposed on Nedungadi Bank ends, senior sources in the bank, said. Though ... More TRENDS One for the poor, please TOP nationalised and private banks are setting up new homes at the Bandra-Kurla Complex (BanKex). ICICI Bank, Bank of Baroda, Unit Trust, and ILFS have been the first movers into daunting glass and cement structures while others like Bank of ... 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. 27-Nov. 2 King's tale of Hongkong Bank Bankers bristle at charge over low credit-deposit ratio RBI committee calls for ban on securities trading by LABs Pampering the super-rich: ICICI Bank shows the way Insurance cos must refund excess motor premium Will the banks listen to RBI? ICICI Bank posts Rs 285-cr consolidated net profit |
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