Financial Daily from THE HINDU group of publications
Wednesday, February 05, 2003
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Financial Daily from THE HINDU group of publications Wednesday, February 05, 2003 |
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MONEY & BANKING FOREX Rupee stable; gilts fall Mumbai: THE rupee closed on Tuesday at 47.7900/7950 against the dollar as compared to Monday's close of 47.7825/7900. There were good supplies of the greenback, which was bought by banks short on dollars, a forex dealer said. There was hardly ... More INSURANCE 
IRDA takes message to massesIN an attempt to create better awareness of life and non-life insurance among the people, the Insurance Regulatory and Development Authority (IRDA) has entered into an agreement with Prasar Bharati for a generic audio-visual campaign on ... More HOUSING FINANCE HDFC reduces home loan rates HOUSING Development Finance Corporation (HDFC) today announced a reduction in its individual home loan rates, bringing down interest rates by 50 basis points for a term of up to 5 years; and by 75 basis points on loans of term 6 years to 20 ... More LIFE INSURANCE SBI Life provides cover for over 80,000 police personnel SBI Life Insurance Company Ltd has announced on Monday that it has provided life insurance cover to the entire police force in Andhra Pradesh consisting of over 80,000 personnel. The master group insurance policy document was handed over by ... More
Shriram group to sell AMP Sanmar products GENERAL INSURANCE `Commission payouts to be inspected' WITHIN a week or two, the Insurance Regulatory & Development Authority (IRDA) will use its inspection powers to study the commission payouts of the general insurance companies. This was announced by Mr N. Rangachary, Chairman, IRDA, at a press ... More FINANCIAL POLICY Overseas investments still waiting to take off Retail investors still do not know the specified list of companies, which qualify for their investment. More DEBT MARKET Turbulence in bonds It all started with sudden fears of an imminent US strike on Iraq. Bond prices started falling in the week before last and gathered pace in the following days. The market was pummelled by the Government's decision to prepay World Bank loans and ... More HUMAN RESOURCES 
`File trackers' stopped in their tracksTHE corridor of banking power - the Banking Division of the Ministry of Finance - has been wearing a near deserted look for some time now. A recent `goof-up' leading to the short-circuiting of procedures regarding announcement of a ... More PUBLIC SECTOR BANKS Punjab & Sind Bank to distribute Bajaj Allianz products — Awaits RBI nod for bancassurance THE Punjab and Sind Bank (PSB) is set to become the latest entrant among PSU banks to offer bancassurance products. The New Delhi-based bank has signed a Memorandum of Understanding (MoU) with Bajaj Allianz General Insurance Co Ltd for marketing ... More FOREIGN BANKS StanChart to open 10 more branches STANDARD Chartered Bank plans to expand its network by opening 10 more branches. The foreign bank is opening branches in Chandigarh, Ludhiana, Jaipur and Lucknow in the first week of February. The bank will be making inroads into Bhopal, ... More CORPORATE BONDS Tata Tele to raise Rs 100 crore TATA TeleServices Ltd is set to raise Rs 100-crore in secured non-convertible debentures. The NCD issue has a full guarantee from the Netherlands Development Finance Company (FMO) and has received an in-principle rating of `AAA(Ind)(SO)' from ... 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. 26-Feb. 1 Forex reserves up at $72.40 b ATMs more a drain than gain? Corpn Bank cuts rates on home loans Will RBI run out of G-secs to offload? PSBs post 63 pc growth in profits Compromise settlement limit for NPAs raised to Rs 10 cr |
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