Financial Daily from THE HINDU group of publications
Thursday, February 06, 2003
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Financial Daily from THE HINDU group of publications Thursday, February 06, 2003 |
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MONEY & BANKING FOREX Re up 4 paise; gilts recoup Mumbai: THE rupee closed 4 paise higher at 47.7500/7550 against the dollar on Wednesday as compared to Tuesday's close of 47.7900/7950 in the forex market. Good supplies of the dollar and lack of intervention by the central bank in the early ... More TECHNOLOGY New currency processor at RBI Mumbai offices THE Reserve Bank of India (RBI) has installed the Currency Verification and Processing System (CVPS) in its Mumbai offices for faster and secure processing of soiled currency notes. The RBI Governor, Dr Bimal Jalan, inaugurated the first CVPS at ... More FINANCIAL PERFORMANCE Indian Bank operating profit rises INDIAN Bank has reported an operating profit of Rs 370.10 crore for the first nine months of the current year, as against Rs 115.76 crore in the corresponding period of last year. The current year's profit includes an amount of Rs 85 crore ... More RBI & OTHER CENTRAL BANKS Funding norms eased for core sector projects THE Reserve Bank of India has relaxed the restriction regarding banks' funding of promoters' equity capital in infrastructure projects. In a circular, the RBI said in exceptional cases, banks can provide funds for acquiring promoters' shares ... More
RBI fiat on credit to diamond trade FINANCIAL INSTITUTIONS Moody's upgrades ratings for 11 banks, FIs According to Moody's, this rating is at the same level as its deposit rating since these bonds have more "deposit than debt characteristics". More
Banks upset over higher ECGC fees
KPFC gets `A' category from RBI INTEREST RATES Karnataka Bank cuts PLR KARNATAKA Bank has announced a reduction in its prime lending rates (PLR) by 0.50 percentage points. The bank's PLR will be 12 per cent with effect from March 1. According to a press release issued here, Karnataka Bank, in its attempts to ... More NON-PERFORMING ASSETS Banks in no mood to exempt States — Action under Securitisation Act for NPA recovery Public and private sector banks have sought States' cooperation in recovering outstanding dues from loan defaulters, including State-owned public sector entities through the Securitisation Act of 2002. Sources said that banks had expressed this ... More
PHD Chamber seeks Securitisation Act review MERGERS & ACQUISITIONS State Bank hikes stake in DFHI STATE Bank of India (SBI) has hiked its stake in Discount and Finance House of India Ltd (DFHI) to 51 per cent. As on March 31, 2002, SBI and associates held 32.76 per cent stake in DFHI. The move is understood to be a precursor to SBI's ... 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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