Financial Daily from THE HINDU group of publications
Sunday, December 01, 2002
Financial Daily from THE HINDU group of publications Sunday, December 01, 2002 |
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MONEY & BANKING FINANCIAL SERVICES Botch-up mars plans of Western Union THE Foreign Investment Promotion Board's approval to Western Union Financial Services International (WEFSI) to start domestic money transfer (DMT) business in the country has turned out to be an interesting example of a botch-up while approving ... More FOREX Forex reserves rise $564 m FOREIGN exchange reserves rose by $ 564 million to touch $ 66.588 billion for the week ended November 22, 2002, as compared to $ 66.024 billion in the previous week, according to the latest figures released by the Reserve Bank of India. "The ... More
Growing reserves and uncertainty HOUSING FINANCE HDFC: Well-covered HOUSING Development Finance Corporation's fixed deposit programme is one of the safer options. However, it comes with a relatively low interest rate. The short-term rates are almost at a par with that of average bank deposit rates. Investors who ... More LIFE INSURANCE Term assurance policy: A plain cover A COMPLAINT frequently voiced by the insurance industry is that people think of policies only when some tax planning has to be done. The industry may have to live with this phenomenon because few investment avenues match an insurance policy's tax ... More
Computation of bonuses FINANCIAL INSTITUTIONS Recast helps Peerless post Rs 501-cr surplus PEERLESS General Finance & Investment Company Ltd, which had recorded a shortfall in net-owned funds in 1996, has managed a turnaround. The company has posted a surplus of Rs 501 crore during fiscal 2001-02, an improvement over the 1995-96 ... More INTEREST RATES Bharat Overseas Bank's floating rate scheme Bharat Overseas Bank launched a floating rate deposit scheme on November 15. The idea is to offer greater flexibility for long-term deposits. The floating rate deposit schemes offers rates with a reset every six months. The interest rate for this ... More CRR & BANK RATES Bankers ask RBI to ease daily CRR limit BANKERS have requested the Reserve Bank of India to relax the cash reserve ratio limit of 80 per cent that has to be maintained daily with the apex bank. The RBI had introduced the new CRR norm in its mid-term review of the Monetary and Credit ... More SHORT TERM INSTRUMENTS Uniform stamp duty being sought for CPs EFFORTS are on to eliminate one of the many irritants in the underdeveloped commercial paper (CP) market in the country. The Indian Stamp Act 1899 prescribes a differential stamp duty on the company floating the CP based on the initial ... More TRENDS 
Mobile ATMs in offingA COUPLE of years ago, when we asked a private bank executive about what the prospects of mobile (cellphone) banking for his bank were, he misunderstood the question, leading to a hilarious situation. Saying that it was still premature to ... 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. 24-Nov. 30 G-20 for caution on capital account convertibility Banks await directive on loans to IFCI Challenges of taking life insurance to small towns Will early alert system cure the NPA malady? NRE deposits from UAE surge 20-25% Pvt life players may grab 4% share by fiscal-end: IRDA `Insurance cos not fully armed to gauge corporate liabilities' Forex reserves: From penury to plenty |
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