Financial Daily from THE HINDU group of publications
Saturday, February 01, 2003
| Forex Rates Jan. 31 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Saturday, February 01, 2003 |
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MONEY & BANKING FINANCIAL SERVICES Shriram, TTK group cos among 11 broker licencees COMPANIES set up by the Chennai-based Shriram and TTK groups (Armour Consultants Pvt Ltd and TTK Insurance Services Pvt Ltd) are among the eleven companies that have received licences for insurance broking. TTK Insurance Services wants to be a ... More FOREX 
Dollar depreciation accounts for 17 pc of forex build-upTHE Reserve Bank of India has confirmed that nearly 17 per cent of the accretion to its forex reserves in the current fiscal has been on account of the US dollar's substantial depreciation against other international currencies. According to ... More
Rupee stable; gilts recover
World Cup sponsors allowed to remit forex INFORMATION TECHNOLOGY Vijaya Bank starts V-remit BANGALORE: Vijaya Bank has launched a new customer service under which fund remittance can be done through the electronic medium. Called V-remit, the new product enables customers to transfer funds faster to their counterparts having ... More INSURANCE Banks can have referral fee pact with only one insurer PROVIDING clarity to the much awaited business model of banks taking referral business of insurance through its branches for selling insurance products, the Insurance Regulatory and Development Authority (IRDA) has issued detailed guidelines to ... More LIFE INSURANCE ICICI PruLife hikes capital MUMBAI: ICICI Prudential Life Insurance Company has increased its capital base by Rs 50 crore, taking the total paid-up equity capital to Rs 375 crore. The capital infusion comes just four months after the company's equity was hiked by ... More GENERAL INSURANCE ICICI-Lombard targets Rs 200 cr VISAKHAPATNAM: ICICI-Lombard General Insurance Company Ltd has set itself a target of Rs 200 crore (premium collection) for the current financial year and is confident of achieving it, Mr K. Bharatan, Head, Corporate Relations, has ... More DEBT MARKET 
`Diversified markets will be shock-proof'A DIVERSIFIED debt and equity market will create an environment less vulnerable to shocks, the RBI Governor, Dr Bimal Jalan, has said. He urged the participants in the debt market to go for retailing. The RBI Governor was speaking at the ... More PRIVATE BANKS ICICI Bank plans `capital protection' in Pru MF schemes ICICI Bank has proposed to provide a capital protection option to investors in equity schemes managed by its sister organisation, Prudential ICICI Mutual Fund, subject to certain conditions. The facility, to be offered to the bank's customers, ... More PUBLIC SECTOR BANKS SBI hints at selective rate cuts STATE Bank of India plans to reduce its lending rates further for select segments. Some of this is expected before the 2003 Budget. Mr A.K. Purwar, Chairman, State Bank of India (SBI), when asked about the rates in the retail segment said, ... More
IOB's Q3 net up 157 pc
IOB to tap market again next year CREDIT CARDS & DEBIT CARDS Spending limit on global credit cards relaxed OVERSEAS travellers can now incur expenses in foreign exchange through their international credit card in excess of $10,000 per year for private travel and $25,000 for travel-related to business, international conference, training and medical ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Kelkar Report Telecom Competition Oil PSUs: Disinvestment dilemma NPAs in Banking In Depth Simple Economics Consumer Notes Tax Talk The Brahmananda collections 2002: A drought year Gold: Still the winner? Cars: Always a beauty Books and Reviews Looking back Jan. 19-Jan. 25 Forex inflows add to RBI woes No need to bring $ home? Hefty dividend flow to Govt from PSBs likely |
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