Financial Daily from THE HINDU group of publications
Tuesday, April 22, 2003
Forex Rates April 21 (4.30 p.m. IST)
1 PoundRs 74.40
1 USDRs 47.32
100 YenRs 39.40
1 Sing $Rs 26.72

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MONEY & BANKING

PENSION PLANS


Pension poses problem to insurers
THERE is growing confusion in pension circles, with the existing providers of pension schemes uncertain as to which way the road would eventually take them. With the Government having decided to restrict the number of players in the ... More

FOREX


Rupee stable; gilts down
Mumbai: THE forex markets were lacklustre on Monday, with the rupee ending at 47.3500/3600 against the dollar, almost unchanged from the previous levels. The markets were closed on Friday. There was bunched-up weekend supply of the ... More

NBFCS


Reliance Capital Q4 profit up
RELIANCE Capital has registered a marginal rise in net profit at Rs 26.99 crore in the quarter ended March 31, 2003 against Rs 25.75 crore in the corresponding period last year. The board of directors has recommended a dividend of Rs 2.90 per ... More

GENERAL INSURANCE


Ministry for tighter bancassurance norms
WHILE the bancassurance buzz gains momentum with more and more insurance companies signing agreements with banks for distribution of their products, the Ministry of Finance feels that there is a need for greater regulation of the arrangements ... More

PUBLIC SECTOR BANKS


Canara Bank farm apprisals
BANGALORE: The agricultural consultancy services of Canara Bank have appraised 51 projects for Rs 100 crore in the last financial year. A Canbank release said here that the projects included floriculture, commercial horticulture, food ... More

GOVT BONDS


It's wait and watch on govt securities market
THE Government securities market is expected to remain lacklustre at least for the next one week till the announcement of the Credit Policy on April 29. At the start of the new fiscal year there was an initial softening of yields. However, ... More

NON-PERFORMING ASSETS


Banks, FIs seek rejig of State guaranteed debt — Conversion to development loans favoured
PUBLIC sector banks and financial institutions (FIs) have sought a complete restructuring and rescheduling of State Government guaranteed securities in a bid to reduce the risk of defaults. Banking sources said that the packages discussed ... More

CREDIT CARDS & DEBIT CARDS


IA launches debit card with ABN-Amro
MR Sunil Arora, Chairman and Managing Director of Indian Airlines, today launched the airline's co-branded debit card with ABN-Amro Bank and MasterCard International. Indian Airlines ABN Amro Bank Maestro co-brand debit cardholders will be ... More
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Apr. 13-Apr. 19
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