Financial Daily from THE HINDU group of publications
Monday, January 20, 2003
Financial Daily from THE HINDU group of publications Monday, January 20, 2003 |
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MONEY & BANKING FOREX 
Forex inflows add to RBI woesTHERE seems to be no end to the Reserve Bank of India's monetary management woes, stemming from the unbridled foreign exchange inflows to the country. The RBI's net forex assets (NFA) have not only become the single largest source of money supply ... More HOUSING FINANCE Debenture issues to public — Housing finance cos told to create redemption reserve HOUSING finance companies (HFCs) registered with the National Housing Bank (NHB) and raising money from public through debentures would now have to create reserves for redemption of such debentures. The Department of Company Affairs (DCA) has ... More DEBT MARKET Retail gilts may bring relief to banks BOND markets rallied during last week on the back of swelling liquidity and retail traders stepping into the market. Ten-year yields dropped to 5.90 per cent, down from the previous week's 6.03 per cent. These rates are below the bank rate for ... More INTEREST RATES UCO Bank cuts deposit rates UCO Bank has decided to reduce the interest rates on time deposits by 25 to 50 basis points except for the period from 46 to 179 days for which the rate remains unchanged. The rate of interest will now be 4.5 per cent per annum on time deposit ... More GOVT BONDS Gilts yet to lure retail investors ON the second day of trading on Friday, volume in government securities on stock exchanges plummeted by 91 per cent as compared to that of the first day. It may be too early to look for the trend, yet a section of the market participants feels ... More NON-PERFORMING ASSETS Recovery of evaded taxes — I-T dept wants details about loan defaulters THIS could be a double whammy for loan defaulters. The Income Tax (I-T) department has sought information from both the banks and financial institutions (FI) on recoveries of non-performing assets (NPAs). Sources said that the I-T department ... More MERGERS & ACQUISITIONS Nedungadi merger: PNB to let depositors draw in full In one stroke, the New Delhi-headquartered Punjab National Bank will also be able to substantially increase its presence in the South where it has a negligible presence. More NEW PRODUCTS & SERVICES IDBI Bank cash pick-up service in Madurai THE IDBI Bank has launched the free cash pick-up service for its premium account holders, the first of its kind in the city. The service, rendered without any charge, collects the cash payments on a daily basis from the respective centres of ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Focus Stock scam unravelling Petrol pump controversy Kelkar Report Reliance & Telecom Competition 2002: A drought year Gold: Still the winner? Oil PSUs: Disinvestment dilemma NPAs in Banking Q3 Results In Depth Gender Justice Simple Economics India Interior Consumer Notes Books and Reviews Looking back Jan. 12-Jan. 18 NRI funds push forex reserves past $70.7 b Motor detariff proposal may be put on backburner Directors not liable for certain FI defaults |
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