Financial Daily from THE HINDU group of publications
Wednesday, December 11, 2002
| Forex Rates Dec. 10 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, December 11, 2002 |
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MONEY & BANKING FARM CREDIT Bank of India to focus on rabi crop loans The bank would also focus on allied rural activities such as cattle rearing, poultry, warehousing, transportation, farm mechanisation, irrigation and marketing. More FINANCIAL SERVICES Ernst and Young to advise SBI on merchant acquisition biz STATE Bank of India (SBI) is understood to have appointed Ernst and Young as its consultant to chalk out the roadmap for its foray into the `merchant acquisition' business. The merchant acquisition business is settlement of dues on purchases ... More FOREX Rupee steady; G-securities decline Mumbai: THE rupee closed almost unchanged at 48.1950/2050 on Tuesday against the dollar as against previous close of 48.1950 in the forex market. The supply of the dollar was seen to be good, all of which was mopped up by state-run banks, said ... More HOUSING FINANCE Sundaram Home to get Rs 25 cr from IFC SUNDARAM Home Finance (SHF) is to receive the second tranche of Rs 25 crore from International Finance Corporation (IFC), Washington in the next few days. IFC had sanctioned Rs 50 crore loans for the company in April this year. Mr S. ... More
`Housing finance sector will grow 24 pc in 5 years' LIFE INSURANCE 
Global insurance body for setting up Indian chapterTHE Million Dollar Round Table (MDRT), an international association of international life insurance and financial services professionals, has encouraged its Indian members to form an association. Addressing a news conference here today, Mr ... More FINANCIAL POLICY Profit outlook crimps new investments AFTER the surprise 50 basis points cut in interest rates at its last meeting, the US Federal Reserve indicated that it would stay on hold for a while. It is not every other day, after all, that one sees Fed Funds at 1.25 per cent. The market ... More PRIVATE BANKS INTEREST RATES 
Jaswant mulls interest sops for elderlyTHE Finance Minister, Mr Jaswant Singh, has said that his Ministry is considering a proposal to offer senior citizens interest rates that are higher than market rates. "I hope to correct it very soon with the differential interest rate for ... More NON-PERFORMING ASSETS Banks getting overseas queries on NPA seizures AMIDST growing scepticism and fears that banks and FIs may remain stuck with the assets seized under the new bad debt recovery law on account of a possible lack of interest from domestic buyers, there appears to be a ray of hope emerging from ... More CREDIT CARDS & DEBIT CARDS Andhra Bank launches electronic credit card IN a move to reach out to the hitherto untapped consumers, Andhra Bank has announced the launch of the mass market MasterCard Electronic credit card programme. In a statement here, MasterCard International said Andhra Bank's new offering was ... 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 Gujarat Elections 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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