Financial Daily from THE HINDU group of publications
Thursday, November 28, 2002
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Financial Daily from THE HINDU group of publications Thursday, November 28, 2002 |
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MONEY & BANKING FARM CREDIT Syndicate Bank schemes for agri-credit SYNDICATE Bank has formulated a `special plan' for agricultural credit. Under this plan, for the development the agricultural sector in the Dakshina Kannada and Chikmagalur districts of Karnataka, the bank has already disbursed loans amounting to ... More PENSION PLANS `Tax sops on pension funds should continue' THE session on pension reforms at the 7th Insurance Summit 2002 being held here by the Confederation of Indian Industry (CII) has stressed the urgent need for a change in the pension schemes existing in the country. The speakers also felt that ... More FOREX Re loses 3 paise; gilts rise Mumbai: THE rupee ended weaker at 48.2450/2550 on Wednesday as compared to Tuesday's close of 48.21/22 in the forex market. State-run banks were seen buying dollars heavily in the morning, said a dealer. The buying interest sustained throughout ... More INFORMATION TECHNOLOGY Union Bank to automate 500 branches by '05 FIVE hundred branches would get computerised and online banking facilities offered to customers by the year 2005, Mr V. Leeladhar, Chairman and Managing Director, Union Bank of India, has said. Declaring open the renovated and the ... More INSURANCE Technology must match business strategy: Experts THE overall implementation cycle is the most vital aspect of leveraging technology in the insurance sector and it is necessary to ensure that technology perfectly aligns with the overall business strategy of insurance companies. Unless this is ... More
Opening up of insurance a boon to financial market, customers STOCKS 
HDFC Bank: Market discounts passage of Securitisation BillTHE HDFC Bank stock has missed the current rally in the banking stocks, as the market feels that it is fully valued at its current price level. The counter today closed at Rs 195.75 on the Bombay Stock Exchange and on the National Stock ... More HOUSING FINANCE UTI Bank cuts home loan floating rates UTI Bank has cut interest rates on its floating rate housing loans by 25 basis points. The change is effective from November 25. The new rates for a loan of up to five years for amounts between Rs one lakh and Rs 50 lakh is at 9.25 per cent (9 ... More LIFE INSURANCE Pvt life players may grab 4% share by fiscal-end: IRDA THE Insurance Regulatory and Development Authority (IRDA) expects the private sector life insurance players in the country to grab a sizeable market share of around four per cent by the current fiscal end. According to the IRDA Chairman, Mr N. ... More
INDUSTRIAL POLICY 
Naidu invites insurance cos to set up hqs in HyderabadDONNING the role of an aggressive marketing manager, the Chief Minister, Mr N. Chandrababu Naidu, appealed to all the 24 insurance players, both life and non-life, to set up their headquarters in Hyderabad. Having been successful in bringing ... More PUBLIC SECTOR BANKS SBI aims to exceed advance target in Bengal STATE Bank of India hopes to exceed the advance target set for the current year for the Bengal Circle covering West Bengal, Sikkim and Andaman & Nicobar Islands. "We have already done fairly well in this respect," said Mr T.K. Keshavamurthy, ... More INTEREST RATES Karnataka Bank cuts lending, deposit rates KARNATAKA Bank has announced a reduction in its prime-lending rate (PLR) by 50 basis points to 12.50 per cent with effect from November 15. The bank has also simultaneously cut its interest rates on domestic and NRE rupee term deposits, also ... More FIXED DEPOSITS NRE deposits from UAE surge 20-25% Bank officials in Abu Dhabi told Business Line that there had been an increase in NRE deposits up to 20 to 25 per cent in recent months, mainly due to attractive interest rates ranging from 5.5 per cent to 7 per cent. More E-COMMERCE & E-BUSINESS Catholic Syrian unveils three e-banking products THE Thrissur-based Catholic Syrian Bank has launched three electronic banking products in the market. Launching the `casy e money' or any branch banking, `casy e flash' or electronic fund transfer and `casy e flash' or fast collection service ... More EVENTS Insurers seek more reforms WHILE admitting that the efforts of the Insurance Regulatory and Development Authority were leading to the creation of a vibrant insurance market in the country, the insurance players, however, sought more regulatory reforms in the sector to ... More
CO-OPERATIVES Co-operative credit, deposit rates revised THE Registrar of Co-operatives has issued a circular notifying reduction in the maximum interest rates applicable for different maturities of deposits lying with various cooperative societies and banks in the State. The new rates made ... More TRENDS 
`Small' coins have only one sideVERY soon, coins such as 5 paise, 10 paise, and 20 paise may acquire the halo of a collector's item - not by choice but by default. If you have them with you, you may have no option but to keep it. For, these coins seem to lack the critical ... 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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