Financial Daily from THE HINDU group of publications
Friday, May 09, 2003
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Financial Daily from THE HINDU group of publications Friday, May 09, 2003 |
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MONEY & BANKING FINANCIAL SERVICES Western Union plans expansion WESTERN Union and India Post on Wednesday celebrated completion of two years of successful association. In the last two years, post offices offering Western Union services have grown to 4,200 locations. Ms Rameshari Handa, Deputy ... More FOREX Forwards plunge; gilts rise Mumbai: FORWARD premia have crashed once again in the domestic currency markets on Thursday, with the six-month premium sinking to 0.87 per cent levels and the premium for one-year settling at 1.23 per cent. On Wednesday, the six-month premium ... More FINANCIAL PERFORMANCE Lord Krishna Bank profit up 17 pc THE net profit of Lord Krishna Bank grew by 16.95 per cent to Rs 23.05 crore during 2002-03, as against Rs 19.71 crore in the previous year. Announcing the working results here, Mr R.M. Nayak, Managing Director and CEO, said the deposits held ... More
NBFCS 
Maruti Finance sees Rs 3,000-cr bizMARUTI Udyog Ltd (MUL) Managing Director, Mr Jagdish Khattar, said his company's vehicle finance arm, Maruti Finance, was set to do business to the tune of Rs 3,000 crore in the current fiscal. Mr Khattar, who was here to launch Maruti Finance ... More HOUSING FINANCE CanFin plans MBS for Rs 100 cr CANFIN Homes Ltd (CFHL), the subsidiary of the public sector Canara Bank proposes to come with its third round of mortgage-backed securities (MBS) for Rs 100 crore. A Canfin release said that this was being made in view of the phenomenal ... More LIFE INSURANCE Ace offers insurance policy for I-T assessees CONVENTIONAL wisdom suggests that filing income-tax returns is a one-way street, with large fees to be paid to chartered accountants. But a little-known consultancy firm is turning this system on its head by "incentivising" the whole process with ... More GENERAL INSURANCE ICICI Lombard bags power plant account ICICI Lombard General Insurance Company Ltd has announced that it has bagged the account of Lanco Kondapalli Power Pvt Ltd. In a release, the insurance company said that Lanco Kondapalli was the biggest combined cycle power plant in the South ... More PUBLIC SECTOR BANKS Andhra Bank plans to return Rs 50 cr to Govt THE Andhra Bank CMD, Mr B. Vasanthan, said that the bank plans to return the next round of Rs 50 crore to Government during the current fiscal year itself. Meanwhile, the bank, which has declared a dividend of 24 per cent for the fiscal ended ... More FINANCIAL INSTITUTIONS UPSFC defaults on bank loans UTTAR Pradesh State Finance Corporation (UPSFC) has started defaulting on loan commitments to major commercial banks including Bank of Baroda, Union Bank of India, Allahabad Bank and Central Bank of India. According to bankers, the corporation ... More INTEREST RATES SBH cuts PLR, deposit rates STATE Bank of Hyderabad (SBH) has cut the interest rates on its domestic term deposits, ranging from 25 basis points to 50 basis points for various tenures. In a press release here, the bank said the new rates would come into effect from ... More GOVT BONDS CORPORATE BONDS KPFC to raise Rs 300 cr thru bonds issue THE State-owned Kerala Power Finance Corporation Ltd (KPFC) has finalised plans to raise Rs 300 crore through issue of non-SLR bonds backed by Government guarantee. KPFC had earlier issued bonds worth Rs 200 crore with a tenure of seven years. ... More ALLIANCES & JOINT VENTURES 
HSBC, BillJunction pact for online paymentsHONGKONG and Shanghai Banking Corporation Ltd has tied up with BillJunction Payments Ltd to offer its customers an online utility bill payment facility as part of its net-banking initiatives. The bank's customers can now avail of this service ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus SARS scare Truckers' Strike Telecom Competition Oil PSUs: Disinvestment dilemma NPAs in Banking In Depth Simple Economics Consumer Notes Tax Talk The Brahmananda collection NRIs & Investment Avenues Corporate Governance Gold: Still the winner? Cars: Always a beauty Books and Reviews Looking back Apr. 27-May. 3 Forex reserves up $326 m Bank rate likely to be cut by 25 basis points Finance Ministry says RBI growth projection realistic Urban co-ops told not to lend to directors — Ban applies to kin, linked firms also They give no credit to the `worthies' |
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