Financial Daily from THE HINDU group of publications
Wednesday, May 14, 2003
| Forex Rates | ||||||||
|
Financial Daily from THE HINDU group of publications Wednesday, May 14, 2003 |
|
||||||||||
|
|
|||||||||||
|
MONEY & BANKING FINANCIAL SERVICES Brokers to meet IRDA chief to discuss notification INSURANCE brokers will be meeting the IRDA Chairman, Mr N. Rangachary, in Delhi later this week, to discuss contentious issues on brokerages and business, thrown up in the notification issued by the regulator in March this year. Brokers are ... More FOREX Rupee higher; gilts up Mumbai: THE rupee closed one paisa higher on Tuesday at 47.1600/1650 against the dollar, up from Monday's close of 47.1700/1750 in the forex market. Good supplies of the greenback were coming in today and there was some demand for it from oil ... More
INFORMATION TECHNOLOGY Andhra Bank unveils slew of tech services ANDHRA Bank has unveiled four technology-driven services - Visa Electronic Card (an ATM-cum-debit card), e-Seva services through ATM network for the citizens to pay their utility bills, e-hundi services enabling devotees to make monetary ... More LIFE INSURANCE OM Kotak launches new insurance plan OM Kotak Mahindra Life has launched an investment-cum-protection plan - the Kotak Safe Investment Plan -- that offers safety of capital while permitting the policyholder to benefit from investment opportunities in the equity, debt and money ... More
GENERAL INSURANCE Reconciliation reports — Non-life insurers asked to file quarterly THE Insurance Regulatory and Development Authority (IRDA) has directed the players operating in the non-life insurance domain to file quarterly statements with reconciliation between the purchase and sale of investments made by them. The ... More PRIVATE BANKS Tayal arrest: Bank of Rajasthan submits case details to RBI BANK of Rajasthan on Tuesday submitted to the Reserve Bank of India details of the case that led to the arrest of its Chairman, Mr Praveen Kumar Tayal, in Jaipur on Saturday. Dr K.M. Bhattacharya, Managing Director of the bank, said the RBI ... More PUBLIC SECTOR BANKS Canara Bank plans 3 more branches in Chennai CANARA Bank will shortly open three more branches here — at Santhome, Tiruvallur and one `all women branch'. The location of the `mahila' branch is yet to be decided. "We have the licence for opening a branch anywhere in Chennai. We have ... More
FOREIGN BANKS HSBC to open global software centre in Pune HONG Kong and Shanghai Banking Corporation Ltd (HSBC) is all set to inaugurate its global software development centre in the city towards the end of this month. The bank's chief information officer, Mr Ashok Bhatia, said here that the new ... More
IndusInd gold trading from July FINANCIAL INSTITUTIONS `REC lending is unsustainable' — Disinvestment panel warns of threat to operations The worsening financial situation of the SEBs must at some stage lead to a situation where fresh disbursements fall short of repayments. This would trigger a default by the SEBs on their dues to REC hurting in the process the latter's own cash flows. More NON-PERFORMING ASSETS Recovery of NPAs more profitable — Banks not keen to transfer assets to ARCs/ARFs WITH the bond buyback scheme due to be kicked off any time now, public sector banks have indicated their reluctance to transfer distressed assets to the asset reconstruction company (ARC)/asset reconstruction fund (ARF). Sources said as a ... More
TFCI takes over assets of Arasa Hotel CREDIT CARDS & DEBIT CARDS South Indian Bank to launch global debit card soon THE private sector South Indian Bank Ltd (SIBL) proposes to launch its global debit card shortly once it signs the Memorandum of Understanding with the service providers. Mr A. Sethumadhavan, chairman of the bank, addressing a press conference ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
 Pick a Winner Stock Market Contest
Top Stories In Focus SARS scare The Cable tangle Indo-Pak Monitor 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 May. 4-May. 10 Forex reserves up $933 m Banks seek dollar refinance facility SBI Home Fin may cease to exist Can the market bank on banking stocks? Marginal rise in SBI priority sector loans Effect of falling interest rates — Insurers seek changes in investment norms |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home | Copyright © 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |