Financial Daily from THE HINDU group of publications
Friday, March 28, 2003
| Forex Rates March 27 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, March 28, 2003 |
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MONEY & BANKING FOREX Re rises further; gilts up Mumbai: THE rupee gained further strength on Thursday to end at 47.54 against the dollar, up 2 paise from Wednesday's close. Abundant dollar supplies, estimated at over $100 million, aided the rupee. Exporters were bringing in their ... More
INSURANCE STOCKS 
Talk of picking stake in Federal Bank lifts Kotak Mahindra FinMARKET rumours of Kotak Mahindra Finance (KMF) being in talks with ICICI Bank to acquire the latter's stake in Federal Bank aided momentum in the counter today. The KMF stock ended the day at Rs 171.75, up 2.14 per cent, with around 18,967 shares ... More PRIVATE BANKS PUBLIC SECTOR BANKS Syndicate Bank plans to return Rs 100-cr capital THE public sector Syndicate Bank has proposed to reduce its paid-up capital base by Rs 100 crore in a bid to improve shareholder returns. This would be done during the course of the next financial year and the bank's board had already approved ... More
SBI, group banks to share ATMs
FINANCIAL INSTITUTIONS NON-PERFORMING ASSETS Prudential Bank on a major recovery drive — Notices soon to defaulters for Rs 250 cr PRUDENTIAL Bank, the city-based troubled urban co-operative bank, under the supervision of the newly-appointed Administrator, Mr T. Satyanarayana Rao, has decided to go aggressive on recoveries of non-performing assets (NPAs) with the help of the ... More IPOS More bank IPOs likely next fiscal MORE banks are expected to tap the equity markets during the next fiscal in a bid to bolster their capital base and comply with the stringent capital adequacy norms. Sources here said that this would include some of the so-called weak banks, ... More CO-OPERATIVES Clean up co-op banks to tap `project loans' again THE Finance Ministry, RBI and Nabard have jointly revived the idea of writing off losses of well over Rs 6,000 crore held by the co-operative credit system. Going by talk on the Mint Street, the template for the grand idea is the Capoor ... More INVESTOR PROTECTION Fewer complaints to ombudsman THE number of complaints received by the banking ombudsmen of the Reserve Bank of India during the year 2001-2002 was down by 2.5 per cent, as compared to those received in 1998-99, according to an RBI report reviewing the banking ombudsmen ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories 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 Mar. 16-Mar. 22 Fast money? Just buy FI bonds Fears of imminent US attack on Iraq — Pvt insurers to face more solvency pressures War threat boosts NRI remittances PSBs scouting for young talent |
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