Financial Daily from THE HINDU group of publications
Thursday, February 27, 2003
Forex Rates Feb. 26 (4.30 p.m. IST)
1 PoundRs 75.03
1 EuroRs 51.24
1 USDRs 47.63
100 YenRs 40.57
1 Sing $Rs 27.45

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MONEY & BANKING

FOREX


Re firms up; gilts bullish
Mumbai: THE rupee firmed up to close at its highest in over an year and a half at 47.68/6850 per dollar on Wednesday in a bullish forex market. The domestic unit on Tuesday closed at 47.7150/72. Dealers ascribed the strengthening of the ... More

STOCKS


PSU bank stocks tumble ahead of Budget
JUST ahead of the Union Budget, most public sector banks fell on expectation that the Government may not allow the much-expected hike in foreign holding in these banks. The selling trigger in most counters came following the Finance Minister, ... More

SOFTWARE


Infosys' banking summit in Bangkok
BANGALORE: Infosys Technologies is hosting a banking summit with a theme "Technology-enabled agile banking" at Bangkok on March 3. The summit is being inaugurated by the Thailand Prime Minister, Dr Thaksin Shinawatra and presided over ... More

LIFE INSURANCE


AMP Sanmar unveils pension plan
AMP Sanmar Assurance launched a pension plan, `Bhagya Shree', today. A company release says that the plan has been structured with flexibility as the key principle. Company officials identified multiple options provided to customers in relation ... More

CREDIT RATING


Redington debt plan on watch
THE `P1+' rating assigned to the Rs 80-crore short-term debt programme of Redington has been placed on rating watch by Crisil, following the announcement that GTL Ltd plans to acquire the company. GTL has said that it plans to acquire the ... More

  • Bombay Dyeing issues get `F1+'

    PRIVATE BANKS


  • HDFC Bank's `Wheels of Fortune'

    PUBLIC SECTOR BANKS


    Dena Bank to sell OM Kotak life products
    DENA Bank and OM Kotak Mahindra Life Insurance Company Ltd (OMKM) today announced a strategic alliance for bancassurance. Under the `mutually exclusive referral' arrangement, OMKM's life insurance products will be made available through Dena ... More

    FINANCIAL INSTITUTIONS


    IRFC to borrow $ 100 m abroad
    INDIAN Railway Finance Corporation Ltd (IRFC) has entered the overseas market with a plan to borrow $100 million which would be utilised to retire some of its earlier high cost loans, a top railway Ministry official said. The borrowing arm of ... More

    INTEREST RATES


    Bank lending rates data on RBI Web site
    IN a bid to create more transparency with regard to bank's lending rates, the Reserve Bank of India has started publishing data on lending rates of scheduled commercial banks on its Web site. In its monetary and credit policy for 2002-2003 in ... More

    NON-PERFORMING ASSETS


    Lenders free to decide on NPA categorisation — Govt rejects industry plea on `honest failure'
    THE Government today ruled out any further legislative flexibility to the existing securitisation law in the matter of settlement of non-performing assets (NPAs) even as it recognised the validity of industry's suggestion over the need for a ... More

    CO-OPERATIVES


    RBI okays revival package — Charminar Bank to reopen on Monday
    Individual deposits up to Rs 1 lakh will be repaid immediately, while those who have deposits of more than Rs 1 lakh will also be paid Rs 1 lakh initially. More

    PEOPLE


  • SBI Home Finance Managing Director

    TRENDS


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    Top Stories
    AEZs to be launched next week in Kerala


    ITC plans to make a match of it — New matchbox business to help small business

    Lenders free to decide on NPA categorisation — Govt rejects industry plea on `honest failure'

    Traders stockpile cotton expecting price rise

    Chambers' reaction mixed

    Budget reading makes imminent sense

    In Focus
    Run-up to Budget
    Kelkar Report
    Bottled water: How safe is it?
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    Housing Fin. rate war: Bonanza for consumers!
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collections
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Feb. 16-Feb. 22
    Fresh IRDA norms on referral pacts

    i-flex looks to Citibank for more products' revenue

    Euro is better bet for exporters

    Banks place riders on bonds-switch proposal

    Banks on a hiring spree

    Design policies for AIDS patients: IRDA chief

    SBI reduces floating rates on home loans


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