Financial Daily from THE HINDU group of publications
Monday, August 04, 2003
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Financial Daily from THE HINDU group of publications Monday, August 04, 2003 |
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MONEY & BANKING NBFCS Infrastructure loans: Prudential norms for NBFCs modified IN an attempt to give a fillip to infrastructure funding by NBFCs, the Reserve Bank of India has modified the prudential norms applicable to non-banking finance companies (NBFCs) in relation to their exposure to this sector. The norms prescribed ... More AGRICULTURAL INSTITUTIONS Nabard sanctions Rs 700-cr loan for rural infrastructure THE project sanctioning committee of Nabard has sanctioned loans aggregating Rs 700 crore towards creation of rural infrastructure in 12 States. This sanction is under the Rural Infrastructure Development Fund IX. With this, the cumulative ... More LIFE INSURANCE LIC mopping up longs WHILE the need for keeping the optimum asset-liability profile has meant that the Life Insurance Corporation of India "limit" its participation in the securities buyback programme, the insurance behemoth has set a scorching pace for itself ... More DEBT MARKET The power of cash BOND markets across the globe have taken a huge bashing over the last month or so. Ten-year US treasury yields are up by almost 130 basis points from the record lows of 3.07 per cent that we saw last month. Swaps have done worse as their ... More PUBLIC SECTOR BANKS Corpn Bank ups NRE deposit rates CORPORATION Bank has revised interest rates on NRE term deposits from Friday. A Bank press release here said as per revised rates deposits, for a maturity period of 1 year and less than 2 years, the interest is 3.8 percent (old rate 3.7 per ... More GOVT BONDS Bull run, windfall for primary dealers BOND markets continued their bull run into the second week in succession propelled by high liquidity and large purchases by insurance companies. Traders said life insurance companies were on a buying spree during the week. Despite the Reserve ... More NEW PRODUCTS & SERVICES ING Vysya launches Orange S/B account PRIVATE sector ING Vysya Bank Ltd has launched a new savings product — the Orange savings account — available across 200 networked branches of the bank. Announcing this, the Managing Director, Mr Bart Hellemans, said the unique ... 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. 27-Aug. 2 Forex reserves rise $844 m PSBs shelve capital rejig plans Nomination facility for NBFC depositors Seals pacts with staff, officers unions — SBI set to go ahead with IT plans, transfers PSBs' education loans up 71 pc last fiscal Bank of Baroda Q1 net up 34 pc NBFCs allowed into repo market New age pvt banks not shy of SMEs RBI uneasy over unhedged dollar exposures Varishtha Pension plan — Jaswant wants better response from rural areas |
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