Financial Daily from THE HINDU group of publications
Friday, January 03, 2003
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Financial Daily from THE HINDU group of publications Friday, January 03, 2003 |
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MONEY & BANKING FOREX Rupee declines; gilts bullish Mumbai: THE rupee ended on Thursday weaker at 48.02/0250 against the dollar as compared to Wednesday's close of 47.99/48.0. The supplies of the greenback were dull with the US markets closed on Wednesday, said a forex dealer in a private ... More
You can borrow up to $250,000 from relatives INFORMATION TECHNOLOGY Video conference facility at PNB PUNJAB National Bank has recently set up a video conferencing facility at its head office in Delhi. With this facility, the bank's head office, zonal office and some of the training centres would be linked for live video conferencing. This ... More GENERAL INSURANCE Insurers cautious on Gulf shipments DOMESTIC general insurance companies are not accepting risk coverage to gulf-based destinations, particularly to Iraq in view of the heightened war fears. Sources said that all the four public sector companies, New India Assurance Company Ltd, ... More PUBLIC SECTOR BANKS United Bank officers to appoint ombudsman THE officers' association of Kolkata-based United Bank, United Bank Officers' Association (UBOA), an affiliate of All India Bank Officers' Confederation, will appoint on the occasion of its Golden Jubilee Celebration a banking ombudsman to look ... More INTEREST RATES Bank of India cuts rates on FCNR deposits BANK of India (BoI) has revised interest rates on FCNR US dollar and euro deposits, downwards by 10-25 basis points across maturities, effective January 4. US dollar deposits, for a maturity of one year to less than two years will now fetch ... More GOVT BONDS CORPORATE BONDS ITI bonds get `AAA(SO)' from Fitch FITCH Ratings India has assigned an in-principle `AAA (Ind) SO' (structured obligation) rating to the Rs 5-crore Series I and Rs 1,500 crore Series J long-term secured taxable redeemable bond programme of ITI Ltd, guaranteed by the Government of ... More NON-PERFORMING ASSETS Using the long arm of the law RECOVERIES are now what bankers are obsessed with. Defaulters have hitherto had the upper hand - often with the ability to twist the law or its arms to suit their ends. But bankers too can play that game. Here is an instance of a recovery ... More SHORT TERM INSTRUMENTS HPL may assign pact with GAIL to banks — To raise Rs 17 cr for debt servicing HALDIA Petrochemicals Ltd (HPL) may assign (legal transfer of a right) to some banks the agreement that it had signed with Gas Authority of India Ltd (GAIL) on December 31, 2002, to raise upfront some funds for the cash-strapped company. With ... 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 Stock scam unravelling Petrol pump controversy Kelkar Report Reliance & Telecom Competition 2002: A drought year In Depth Gender Justice Simple Economics India Interior Consumer Notes Looking back Dec. 22-Dec. 28 One more cautious step towards convertibility Hobson's choice for the Reserve Bank SBI plans treasury group synergy Despite claims, RIDF is a flop Life insurers bet on term plans Jalan optimistic about achieving 8 pc growth |
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