Financial Daily from THE HINDU group of publications
Saturday, November 09, 2002
| Forex Rates Nov. 8 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Saturday, November 09, 2002 |
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MONEY & BANKING FOREX Re strengthens; G-secs dull Mumbai: THE rupee closed strong at 48.2650/27 per dollar on Friday as against the previous close of 48.2850/29. Dealers said the market continued to be driven by heavy dollar inflows compounded by many market participants unwinding their long ... More STOCKS Nedungadi Bank tumbles on RBI moratorium THE stock of Nedungadi Bank has been witnessing a lot of volatility ever since reports surfaced that Punjab National Bank (PNB) is keen on acquiring it. The stock is on a downward trend shedding about 49 per cent since October 1. Today, the ... More NBFCS Madras HC upholds Special Judge verdict in Sancheti case THE Madras High Court has upheld the orders against Sancheti & Co passed by the Court of the Special Judge and rejected the petition filed by the company seeking to set aside the orders. In a case filed by the police in the Court of Special ... More LIFE INSURANCE LIC keen to trim policy lapses IN a bid to curb policy lapses, the southern region of the State-owned Life Insurance Corporation (LIC) is now aiming to push policies of higher denomination and stress on yearly mode of payment. According to industry sources, policy lapses, ... More CREDIT RATING ICRA reaffirms A1 rating to MTR Foods CP ICRA has reaffirmed the A1 rating, indicating highest safety in the short-term, to the enhanced Commercial Paper programme of Rs 10 crore of MTR Foods Ltd (MTR). The rating factors in MTR's established position in the packaged foods business ... More
HMT bonds placed on rating watch PUBLIC SECTOR BANKS SBI local head offices to get more powers STATE Bank of India proposes to grant additional powers to its 14 local head offices across the country in order to expedite the decision making process on sanctioning loans. The bank is looking at the possibility of enhancing the loan sanction ... More FINANCIAL INSTITUTIONS IFCI asked to rework $100-m debt with lenders THE Government has told the IFCI to try and re-negotiate with its lenders and investors the repayment of one of its foreign currency borrowings aggregating $100 million, due this month. According to senior Government officials, considering the ... More INTEREST RATES Nabard slashes interest rates FOLLOWING the bank rate cut, the National Bank for Agriculture and Rural Development (Nabard) has decided to cut interest rates on small loans up to Rs 25,000 by 75 basis points to 6.75 per cent from 7.50 per cent. The new rates are effective ... More CORPORATE BONDS STCI to don market maker role for corporate bonds The availability of two-way quotes, freely available in the Government securities market, would enable buying and selling of bonds at any time. More FIXED DEPOSITS Corporation Bank cuts deposit rates CORPORATION Bank has decided to reduce its interest rates on deposits with effect from November 11. For the maturity band between 15 and 29 days, the interest rate has been brought down from 5 per cent to 4.50 per cent while in the 46 days to ... More MERGERS & ACQUISITIONS SBI Caps begins due diligence on DFHI SBI Capital Markets has begun a due diligence on Discount and Finance House of India (DFHI), on behalf of State Bank of India, which plans to raise its stake in DFHI. As per the plan, after SBI and its associates hike their stakes to 51 per ... More REGULATORY BODIES & RULINGS IIB appointed certifying agency THE Insurance Regulatory and Development Authority (IRDA) has designated the Indian Institute of Bankers (IIB) as the testing and certifying agency for banassurance. The IIB has been permitted to conduct examinations for the `certificate ... 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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