Financial Daily from THE HINDU group of publications
Monday, November 18, 2002
Financial Daily from THE HINDU group of publications Monday, November 18, 2002 |
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MONEY & BANKING FOREX No news like good news! A RAFT of good news as the forex market opened on Friday morning. First was the statement from Moody's about a possible upgrade of India's ratings. Then, again the cancellation of a proposed issue of bonds by the RBI and last but not the ... More GENERAL INSURANCE Investments in unlisted instruments — PSU non-life insurers seek changes in valuation norm HISTORY is imposing a heavy burden on the four public sector non-life insurance companies. Unable to meet the regulatory requirement of valuing their entire investment portfolio in unlisted and thinly-traded instruments at their `historic cost' ... More DEBT MARKET Will RBI step in to check downward spiral in yields? If the RBI comes out with another OMO just after the one on the November 20, yields will move up by ten odd basis points from these levels, consolidate at that level and then start drifting down again. More PUBLIC SECTOR BANKS Banks may shift from tax havens abroad to SEZs SOME public sector banks are examining the possibility of shifting their branches from the so-called overseas tax havens to the new special economic zones (SEZs) being set up in India. Bank of India is thinking of moving its Cayman Island and ... More
There is room at the top in PSBs
Canara Banks offers `Anywhere Banking' FINANCIAL INSTITUTIONS Ministry okays guarantee to IFCI for $100-m notes THE Finance Ministry has approved a proposal to extend a guarantee to IFCI to enable it redeem its floating rate notes aggregating $ 100 million due later this month. This is the second guarantee which the Ministry has extended to the troubled ... More
IDBI's smooth transition GOVT BONDS Sound corporates to gain from ample liquidity BOND markets continued their untrammelled rally powered by reserve money expansion and fears of a conflict in the Gulf region diminishing. The weighted average ten-year yield to maturity (YTM) plummeted to 6.64 per cent, down a hefty 17 basis ... More
NON-PERFORMING ASSETS Bank loan default looms large — Hospitality sector seeks fiscal sops MANY hotels in the organised sector, more particularly those which have come up in the last two to four years, may be reduced to non-performing assets (NPAs) in the books of the banks as they have been unable to pay the scheduled instalments of ... More MERGERS & ACQUISITIONS Banking on Nedupunjabi IN times past, the marriage of a Nedungadi to a Punjabi would have set tongues wagging in a caste- and status-conscious Kerala. But for the 1,775 employees of Nedugadi Bank, the ancient Kozhikode-based private sector bank that has been ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Nov. 10-Nov. 16 ICICI Bank cuts home loan rates SBM seeks RBI nod to reveal defaulters What ails cooperative banks? Risk-profile onus falls on banks Interest waiver, a short-term relief New York Life keen to hike stake in Indian venture Disclosures must not end with IPOs |
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