Financial Daily from THE HINDU group of publications
Tuesday, November 26, 2002
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Financial Daily from THE HINDU group of publications Tuesday, November 26, 2002 |
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MONEY & BANKING FOREX Re ends lower; gilts weak Mumbai: THE rupee closed a tad weaker on Monday at 48.20/21 against the dollar as compared to its previous close of 48.1875/1975 in the forex market. The dollar has been gaining strength against all international currencies since Friday. The ... More HOUSING FINANCE Vijaya Bank cuts home loan rates VIJAYA Bank has cut its interest rates on housing loans by two per cent below the prime-lending rate (PLR). It also now offers a one per cent interest rebate for prompt repayment. According to a Vijaya Bank release here, the rates of interest ... More GENERAL INSURANCE Mediclaims: Insured but not assured WHEN Mr Navin Patel suddenly took ill while on a trip to Australia, the hospital declined to accept his medical insurance saying it was not valid. His family had to pay the prohibitive cost of medical tests and hospitalisation abroad despite his ... More CREDIT RATING PRIVATE BANKS Dhanalakshmi Bank to focus on micro-credit SENSING the high potential of micro-credit, the Thrissur-based Dhanalakshmi Bank is focusing on this sector as one of the possible engines of growth. ``To start with, micro-credit is likely to generate small volumes but the growth potential is ... More PUBLIC SECTOR BANKS Allahabad Bank H1 profit doubles ALLAHABAD Bank proposes to go slow over booking profits from treasury operations in the second half of the current financial year (2002-03). In the second half of 2001-02, the bank had booked over Rs 120 crore of profit from treasury operation as ... More
BoB to target mid-level borrowers
Andhra Bank ATM in Coimbatore
SBH initiative for self-employment FINANCIAL INSTITUTIONS Banks await directive on loans to IFCI PSU insurance companies have indicated they would not be in a position to provide any support to IFCI as they are expected to push through a voluntary retirement scheme entailing an outgo of at least Rs 400-500 crore for each. More GOVT BONDS G-secs online trading soon NEW DELHI: Screen-based trading of Government securities will soon become a reality in the country with the Ministry of Finance working out the details of the final plan. The Finance Secretary, Dr S. Narayan, addressing the World Economic Forum ... More CORPORATE BONDS Nicholas Piramal places Rs 25-cr debenture issue NICHOLAS Piramal India Ltd today said that it was placing Rs 25-crore through an issue of MIBOR (Mumbai Inter Bank Offer Rate) linked debentures at a spread of 10 basis points over the overnight NSE MIBOR. The debentures have a 364 day maturity ... More NON-PERFORMING ASSETS `RBI to come out with fair practices code for lenders' THE Government would come out with a `fair practices code' for lending institutions that would spell out the responsibilities of banks and financial institutions. The code would be issued soon by the Reserve Bank of India, the Finance ... More NEW PRODUCTS & SERVICES 
ICICI Bank, RPG tie up for recharge facility at ATMsRPG Cellular Services Ltd and ICICI Bank Ltd together launched a service, which will enable the `Wings' prepaid subscribers to recharge their cards at bank's ATMs across the city. According to Mr O.P. Srivastava, General Manager, ICICI Bank, ... 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. 17-Nov. 23 Indian banking system is weak, says S&P Andhra Bank cuts rates on credit card rollover balance |
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