Financial Daily from THE HINDU group of publications
Thursday, December 05, 2002
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Financial Daily from THE HINDU group of publications Thursday, December 05, 2002 |
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MONEY & BANKING FINANCIAL SERVICES Western Union seeking money transfer tie-ups WESTERN Union Financial Services International, a global money transfer outfit, has initiated talks with some private and more public sector banks to firm up money transfer arrangements through them. In India, Western Union is engaged in the ... More FOREX Currency swap rules the roost SHORT of greenbacks and flush with rupees, banks are exploring the currency swap route, to meet the increasing dollar demand from corporates. "Dollar loans raised through the forward swap route, free of exchange rate risk, would be available at ... More
Re strengthens; gilts tumble NBFCS Sundaram Finance to set up Internet kiosks SUNDARAM Finance proposes to put up Internet kiosks at eight of its offices (to start with), to popularise the company's freight exchange portal www.infreight.com. The idea is to get the company's ... More HOUSING FINANCE Birla Home's new loan deposit scheme launched BIRLA Home Finance Ltd (BHFL), the 50:50 joint venture between the K.K. Birla group and BHW Holding AG of Germany, has launched a new housing loan product — Easy Home Loan Deposit Scheme, a loan product linked to fixed deposit. According ... More
UCO Bank cuts home loan rates LIFE INSURANCE AMP Sanmar to tap small towns in TN AMP Sanmar has entered into an agreement with Trade Wings the Dhandapani Group and Karvy Consultants for marketing its policies. More GENERAL INSURANCE United India's premium income rises 13.43 pc UNITED India Insurance Co Ltd (UII) has earned a premium income of Rs 2,039.91 crore in the seven months between April and November, this year. This is 13.43 per cent higher than the premium income of Rs 1,798.46 crore that the company earned in ... More FINANCIAL POLICY New CRR norm puts banks off-balance SEVERAL banks are finding cash management difficult while maintaining the daily minimum of 80 per cent balance of the Cash Reserve Ratio, as prescribed by the RBI in the Credit Policy. The minimum 80 per cent balance of CRR, effective since ... More PRIVATE BANKS ICICI Bank plans sector-wise PLR ICICI Bank Ltd has approached the RBI for permission to introduce a sector-wise prime lending rate (PLR) structure. If accepted, the bank will be able to offer varying rates of interest to different sectors. For example, PLR for infrastructure ... More PUBLIC SECTOR BANKS United Bank bets on higher advances UNITED Bank of India (UBI) hopes to achieve a 20 per cent growth in advances in 2002-03 as compared to 15 per cent posted in 2001-02. In first six months of the current year, total advances at Rs 7,428 crore (Rs 6,634 crore ) showed a growth of ... More
FINANCIAL INSTITUTIONS Bill to corporatise IDBI introduced THE Finance Minister, Mr Jaswant Singh, today introduced the Bill seeking to corporatise Industrial Development Bank of India (IDBI) in the Lok Sabha. The Bill was was subsequently referred to the Parliamentary Standing Committee on ... More
IDBI looking for `bank' advisor INTEREST RATES `Interest rates may soften further' THE State Bank of India Chairman, Mr A.K. Purwar, has said that the interest rate regime is expected to remain stable with a bias towards a further softening. ``Interest rates will continue to be stable with a little downward bias,'' Mr Purwar ... More CORPORATE BONDS Kotak bond limit hiked to Rs 1 cr OM Kotak Mahindra has increased the maximum investment limit on its Kotak Insurance Bond (KIB) to Rs 1 crore from Rs 20 lakh. Earlier, the bond had been introduced with a 15-year term to allow customers the advantage of locking in their money ... More REGULATORY BODIES & RULINGS Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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