Financial Daily from THE HINDU group of publications
Wednesday, November 13, 2002
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Financial Daily from THE HINDU group of publications Wednesday, November 13, 2002 |
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MONEY & BANKING FINANCIAL SERVICES 
You can buy/sell HDFC MF units through ATMHDFC Mutual Fund today announced that it has partnered with HDFC Bank and ICICI Bank to launch Any Time Mutual Fund (ATMF) — a new service that allows investors to buy and sell mutual fund units through an ATM (Automated Teller ... More FOREX Rupee slips; gilts bullish Mumbai: THE rupee closed at 48.27/28 against the dollar on Tuesday, a tad weaker as compared to Monday's close of 48.25/26 in the forex market. There was some dullness in the supply of the dollar on Tuesday on account of the holiday in New York ... More NBFCS MCC Finance to pay Rs 50 cr to depositors THE Chennai-based MCC Finance Ltd, which is in liquidation, has given an undertaking to the Madras High Court to pay Rs 50 crore, in a phased manner, to the depositor-holders, bond-holders and hundi-holders. This would be in addition to the sum ... More RBI & OTHER CENTRAL BANKS SEZ banks to have $10-m capital infusion by parent BANKS setting up offshore banking units (OBU) in Special Economic Zones (SEZ) would have to allocate a minimum capital of $10 million. They will, however, be exempted from CRR requirement, and on request, also from SLR requirement for specific ... More
Risk-profile onus falls on banks PUBLIC SECTOR BANKS Canara Bank plans to open branch in China THE public sector Canara Bank has proposed opening a branch in China. The setting up of the branch is to take advantage of the growing trade volumes between India and China. Briefing presspersons here today Mr R.V. Shastri, Chairman and ... More FINANCIAL INSTITUTIONS 
Rs 2,500-cr dose for IDBI recast as bankTHE Government tonight approved a restructuring package for Industrial Development Bank of India (IDBI) by repealing the IDBI Act and facilitating the conversion of the development financial institution into a stand-alone bank. The new entity ... More INTEREST RATES Syndicate Bank cuts PLR SYNDICATE Bank today announced a reduction in its prime lending rate and prime term lending rate by 50 basis points from the prevailing 12 per cent to 11.50 per cent, effective from November 1. With this reduction, the bank's interest rates on ... More
South Indian Bank cuts lending rates SHORT TERM INSTRUMENTS Reserve repo done at 7.5% for Rs 50 cr AFTER a gap of several months, a reverse repo auction, a facility to inject liquidity into the system was availed of on Tuesday in which the RBI purchased securities worth Rs 50 crore at the rate of 7.50 per cent. Dealers speculate that some ... More FIXED DEPOSITS UCO Bank cuts deposit rates KOLKATA: UCO Bank has decided to decrease the rate of interest in respect of term deposits and NRE deposits. For 7-60 days, the existing rates will remain unchanged. The domestic term deposit rates for all periods ranging from 61 days ... More ALLIANCES & JOINT VENTURES 
Corpn Bank, Oriental Bank to share ATMsTHE Mangalore-based Corporation Bank and the Delhi-based Oriental Bank of Commerce have signed an agreement to share their ATM network. The tie-up between the two public sector banks, will bring together 252 ATMs of Corporation Bank and 40 of ... More EVENTS Gates to meet top bankers PUBLIC sector bank chiefs have a rendezvous scheduled here with the Microsoft Chairman, Mr Bill Gates. A senior official of the Indian Banks Association confirmed that a round-table conference comprising chairmen of 10 banks would be held ... 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 Nov. 3-Nov. 9 PSUs worried over funds in IFCI Kelkar prescription may hit housing finance SBI local head offices to get more powers |
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