Financial Daily from THE HINDU group of publications
Thursday, July 24, 2003
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Financial Daily from THE HINDU group of publications Thursday, July 24, 2003 |
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MONEY & BANKING FOREX Forwards plunge; bond market bullish Mumbai: Forward premia plunged by 20-30 basis points on the back of heavy selling by exporters and inter-bank activity in the local currency market on Wednesday. The six-months' forward closed at 1.89 per cent, down from Tuesday's ... More STOCKS `None found guilty in stock swings probe' Contradictory statements attributed to Finance Ministry officials led to extreme volatility at PSU bank counters during the period, raising doubts about the genuineness of the price rally. More PUBLIC SECTOR BANKS Bank of India targets 11% rise in advances A major thrust is also expected on the housing loans front with a target to double housing loan disbursements to about Rs 750 crore. Bank of India lent about Rs 330 crore as housing loans in 2002-03. More
INTEREST RATES SBH lowers rates on term deposits STATE Bank of Hyderabad (SBH) has announced further downward revision of interest rates on domestic term deposits effective from July 25, 2003. The new rates of interest and the existing for deposits below Rs 10 crore are: For 15-46 days, the ... More CORPORATE BONDS Uniform rate for SIDBI capital gains bonds SMALL Industries Development Bank of India (SIDBI) has made uniform the rate of interest on capital gains bonds floated by it, irrespective of the size of the investment. Sidbi has increased the interest rate to 5.50 per cent from 5.25 per ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus The Cable tangle Pakistan Diary Indo-Pak Monitor Indo-China Relations Telecom Competition In Depth In Kashmir Simple Economics Slowburn Tax Talk NRIs & Investment Avenues Corporate Governance Looking back Jul. 13-Jul. 19 Forex reserves rise $869 m on back of big FII inflows Exporters jittery as rupee gains on euro LIC shifts to Linux system Universal health scheme escapes service tax Cos can now grant loans in foreign currency for employees abroad Educational loans — immense scope for banks SBM, Maruti in pact for car loans Govt in no mood for banking reforms Current account transactions eased further — Forex limit for education, medical treatment hiked IOB net up 90 pc in Q1 — AGM okays fresh issue of shares |
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