Financial Daily from THE HINDU group of publications
Thursday, November 07, 2002
Forex Rates Nov. 6 (4.30 p.m. IST)
1 PoundRs 75.22
1 EuroRs 48.08
1 USDRs 48.29
100 YenRs 39.42
1 Sing $Rs 27.39

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MONEY & BANKING

FARM CREDIT


Banks told to go soft on farm loans
THE Finance Minister, Mr Jaswant Singh, has asked the banks to align the interest rates for agriculture and rural sectors with the soft interest rate structure in the rest of the economy. According to Mr Singh, interest rates for the farm and ... More

AWARDS & HONOURS


Kerala coop bank gets Nabard award
THIRUVANANTHAPURAM: The Kerala State Cooperative Agricultural and Rural Development Bank (KSCARDB) and the primary cooperative agricultural and rural development banks (PCARDBs) at Hosdurg, Tirur and Meenachil have bagged the Best ... More

FOREX


Rupee steady; bonds rally
Mumbai: THE rupee closed almost unchanged at 48.33/3350 on Wednesday against the dollar as compared to previous close of 48.32/33 in the forex market. The supplies of the dollar were seen to be good, with some stray demand observed. The ... More

HOUSING FINANCE


Kelkar prescription may hit housing finance
If the committee's suggestions to gradually whittle down fiscal benefits on housing loan are accepted, borrowers are only likely to postpone borrowing. More

CREDIT RATING


`H1' rating for CMC, Vellore
ICRA Ltd has assigned `H1' grading to Christian Medical College and Hospital, Vellore. The institution is categorised as a super-speciality teaching hospital. According to a press release, the H1 grading assigned to CMCH implies that the ... More

CORPORATE BONDS


Capital gains bonds — Nabard hopeful of Rs 1,500-cr mop-up
THE National Bank for Agriculture and Rural Development (Nabard) expects to mop up around Rs 1,500 crore from its capital gains bonds issue during the current fiscal. "We have already mobilised Rs 800 crore, which is likely to cross Rs 1,500 ... More

FIXED DEPOSITS


Syndicate Bank hikes short-term bulk deposit rates
THE public sector Syndicate Bank has hiked short-term deposit rates by 50 basis points (0.5 per cent) for bulk deposits (between Rs 50 lakh and Rs 1 crore) to 4.5 per cent. The hike in rates is applicable for deposits with tenors between seven ... More

PNB lowers deposit rates
PUNJAB National Bank (PNB) has reduced the rates of interest on domestic term deposits with effect from November 7. The maximum rate for maturity period of three years and above stands decreased to 6.75 per cent (existing seven per cent). The ... More

TRADE & LABOUR UNIONS


State Bank union threatens stir
THE State Bank's Staff Union (Kerala Circle), affiliated to the All-India State Bank of India Staff Federation, has threatened direct action to protest "violation of bilateral service agreements'' and invoking of police intervention in branch ... More
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