Financial Daily from THE HINDU group of publications
Saturday, December 14, 2002
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Financial Daily from THE HINDU group of publications Saturday, December 14, 2002 |
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MONEY & BANKING FOREX Euro firm; but no cheer for most exporters THE euro on Friday touched a high of 1.0225 against the dollar. Similar levels were last seen on July 21 when the euro was at 1.0210, after which it depreciated to as low as 0.96 in September. From there the currency has staged a steady climb. ... More
Re firms up; gilts higher CREDIT RATING Gujarat bodies' bonds downgraded CARE has downgraded the ratings assigned to the outstanding bond issues of Sardar Sarovar Narmada Nigam Ltd (aggregate amount: Rs 4,327 crore); Gujarat Electricity Board (Rs 1,750 crore); and Gujarat Industrial Investment Corporation Ltd (Rs 149 ... More
M&M Financial PTC DEBT MARKET Bank, corporate bonds soon in repo market BONDS of public sector banks and corporates are expected to be introduced in the repo market in two-three months. Clearing Coporation of India (CCIL) is likely to act as the settlement agents for these repo transactions, sources in the money ... More RBI & OTHER CENTRAL BANKS Jalan rules out repo rate cut for now THE Reserve Bank of India will not cut the repo rate in the near future, the RBI Governor, Dr Bimal Jalan, has said here. Speaking to newspersons today after releasing the `India Infrastructure Report 2003' (IIR) prepared jointly by IDFC, IIM ... More FINANCIAL INSTITUTIONS Regulatory system must for micro-finance bodies: Nabard WHILE expressing certain reservations on the ability of non-governmental organisations (NGOs) in transforming themselves into micro-finance institutions (MFIs) on a sustainable basis, the National Bank for Agriculture and Rural Development ... More INTEREST RATES P&SB cuts lending rates NEW DELHI: Punjab & Sind Bank has reduced its prime-lending rate (PLR) from 12 per cent to 11.50 per cent. The bank has also reduced the retail lending rates. Interest rates on housing loans up to Rs 10 lakh has been reduced to 8.75 per ... More NON-PERFORMING ASSETS Indian Bank takes possession of assets of 2 firms INDIAN Bank on Friday took possession of a large number of vacant plots in two suburbs of Chennai for the recovery of dues from two companies under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest ... More
Corp Bank's Lok Adalat ALLIANCES & JOINT VENTURES Corpn Bank, New India `satisfied' with MoU progress NEW India Assurance and Corporation Bank have both `expressed satisfaction' on the progress achieved so far in `realising the various terms' of the memorandum of understanding signed between the two. According to a Corporation Bank release ... More
Dena Bank in pact with Nabard for co-financing 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 Small Investor In Depth Gender Justice Simple Economics India Interior 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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