Financial Daily from THE HINDU group of publications
Wednesday, January 22, 2003
| Forex Rates Jan. 21 (4.30 p.m. IST) | ||||||||||
|
Financial Daily from THE HINDU group of publications Wednesday, January 22, 2003 |
|
||||||||||||
|
|
|||||||||||||
|
MONEY & BANKING FOREX Rupee stable; gilts up Mumbai: THE rupee ended on Tuesday at 47.9400/9500, almost unchanged from Monday's close of 47.9450/9500 in the forex market. The domestic currency was range-bound with thin supplies and little demand. On account of the US markets being closed ... More
Credit cards can be used freely abroad INSURANCE `Disinterest' holds up revamp of insurance laws The commission is aiming to come out with the first discussion paper within a couple of weeks, Law Commission officials said. More HOUSING FINANCE HDFC net up on higher income from operations HDFC Ltd has recorded a 21 per cent increase in net profit at Rs 146.65 crore for the third quarter ended December 31, 2002. This is against a net profit of Rs 121.01 crore during the corresponding quarter of the previous year. The increase in ... More
NHB amends norms for capital market exposure of HFCs RBI & OTHER CENTRAL BANKS Revised backstop facility rates THE Reserve Bank of India has revised the method of fixing rates for backstop facility available to banks and primary dealers. The backstop facility was introduced in 2001 to provide additional liquidity support to market participants over and ... More PRIVATE BANKS Vysya Bank renamed as ING Vysya VYSYA Bank Ltd will be known as ING Vysya Bank Ltd following ING Group's recent acquisition of 23.99 per cent equity, taking its overall stake to 43.99 per cent to emerge as the largest shareholder in the bank. The new name reflected the ... More PUBLIC SECTOR BANKS Hefty dividend flow to Govt from PSBs likely THE Government's dividend receipts from the public sector banks are expected to show a big increase this year on the back of hefty earnings from treasury-driven profits and healthy pick-up in credit offtake during the second half. Banking ... More INTEREST RATES Andhra Bank goes for swaps to hedge rate risks ANDHRA Bank has "initiated steps" to enter into interest rate swap agreements, so as to minimise interest rate risks. The bank's Chairman and Managing Director, Mr B. Vasanthan, told Business Line that first the bank would like to cover ... More CORPORATE BONDS Nabard cuts CG bond rates again THE National Bank for Agriculture and Rural Development (Nabard) has decided to further reduce the interest rate on its capital gains bonds by 75 basis points. On January 2, the rates were lowered to 6 per cent from 6.5 per cent. In a press ... More
Hind Copper bond on rating watch MERGERS & ACQUISITIONS Cabinet clears Nedungadi Bank merger with PNB THE Union Cabinet today approved the proposal for amalgamation of Nedungadi Bank Ltd (NBL) with Punjab National Bank (PNB), which clears the way for the Ministry of Finance to notify the merger. Under the scheme, all business, properties and ... More ALLIANCES & JOINT VENTURES Corpn Bank, Dena to share ATMs MANGALORE: Corporation Bank and Dena Bank has signed an agreement in Mumbai for the mutual sharing of automated teller machines (ATMs). According to a press release, Dena Bank has 48 ATMs and plans to increase the number to 100 by ... 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 Kelkar Report Telecom Competition Oil PSUs: Disinvestment dilemma NPAs in Banking In Depth Gender Justice Simple Economics India Interior Consumer Notes Tax Talk Industry Analysis 2002: A drought year Gold: Still the winner? 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 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home | Copyright © 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |