Financial Daily from THE HINDU group of publications
Monday, December 09, 2002
Financial Daily from THE HINDU group of publications Monday, December 09, 2002 |
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MONEY & BANKING FINANCIAL SERVICES AIG set for BPO foray HAVING already a significant presence in the Indian insurance sector, American International Group Inc (AIG), the US-based insurance and financial services giant, is now keenly looking at direct investment opportunities in emerging sectors such ... More ECONOMY Deflationary expectations Any hostility with Iraq would have a serious impact on the US economy. Various estimates of the cost of such a war range from $50 billion to $200 billion depending on whether it is a short or drawn-out event. More FOREX Rupee awaits `political' direction The rupee will spend some more time travelling hopefully rather than arriving anywhere! It is difficult for it to break past 48.22 and the nearest resistance for the dollar is 48.29. Another key to the rupee's prospects is the behaviour of the dollar against the majors. More
The yen for Yen's yo-ho years HOUSING FINANCE Rate cut to boost HDFC growth in Gulf HDFC is looking to consolidate its growth in the Gulf region though various initiatives aimed at reaching out to the NRI community. The corporation's announcement last month of a further drop in lending rates on housing loans for NRIs is also ... More DEBT MARKET RBI signals yield levels to market BOND markets remained ranged for the second straight week as aggressive open market operations limited any falls in yields. Ten-year yield to maturity (YTM) ended the week at 6.44 per cent on a weighted average basis, as against 6.45 per cent ... More PRIVATE BANKS ICICI Bank moves to recall Rs 250-cr loan to SPIC Petro ICICI Bank has initiated recall of its loan of Rs 250 crore to SPIC Petrochemicals Ltd of the A.C. Muthiah group. The bank had initiated activity for the recall, and the issue would soon come up before the Debt Recovery Tribunal, said an ... More PUBLIC SECTOR BANKS Andhra Bank lowers rate on loans to self-help groups ANDHRA Bank has decided to reduce the interest on loans to self-help groups (SHGs) by one per cent from the existing 10.5 - 10.75 per cent, irrespective of the quantum of loan. The decision was taken on the occasion of the 80th Founder's Day ... More REGULATORY BODIES & RULINGS Law panel for more powers to IRDA STEERING clear of the politically sensitive issue of the foreign investment cap in insurance ventures, Law Commission of India is set to suggest sweeping changes in insurance laws. The changes will include giving more punitive powers to the ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Inside China In Depth Gender Justice Simple Economics Small Investor Looking back Dec. 1-Dec. 7 Rising non-performing assets — Bank officers urge Govt to act on war-footing RBI moots identification No. for bank customer PSU insurers await Govt nod to implement VRS Another VRS for banks under study New CRR norm puts banks off-balance GIC steps into global arena CVC steps in to calm bankers' loan paranoia Steep rise in foreign currency export credit during Apr-Nov |
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