Financial Daily from THE HINDU group of publications
Saturday, September 20, 2003
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Financial Daily from THE HINDU group of publications Saturday, September 20, 2003 |
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MONEY & BANKING FOREX No RIB redemption hiccups for rupee India is still considered a `safe haven' for funds and many NRIs are likely to convert their dollars into rupees, forego forward cover and keep them in the NRE deposits, so that they can still get a better spread. More
Rupee stronger; gilts too move up INFORMATION TECHNOLOGY More banks go `six sigma' way Six sigma is a rigorous methodology that uses data and statistical analysis to measure and improve a company's operational performance. More NBFCS Rates on NRE deposits: RBI fiat to RNBCs THE Reserve Bank of India has stated that interest rates on fresh repatriable NRE deposits accepted from non-resident Indians by Residuary Non Banking Companies (RNBCs) must be in line with the interest rates offered by scheduled commercial banks ... More RBI & OTHER CENTRAL BANKS RBI ban may just be a prick for OCBs OVER the last many months, the Reserve Bank of India is reported to have sent out letters to some 500 Overseas Corporate Bodies (OCBs) located outside the country and in more than 300 cases, the letters came back as the addresses were fake. A ... More PRIVATE BANKS CSB to pay 20 pc THE Thrissur-based Catholic Syrian Bank plans to achieve a turnover of Rs 10,000 crore by the year 2005. Having complied with all the capital adequacy requirements, the bank plans to increase the credit off-take to Rs 500 crore during the current ... More PUBLIC SECTOR BANKS Tirupur apparel park ties up Rs 125-cr SBI loan IF the knitwear exporters penchant is to have a low-cost funding for their operations, they seem to be closer to it now than ever before. Nethaji Apparel Park (NAP), the special purpose vehicle company promoting Tirupur's exclusive knitwear ... More FOREIGN BANKS ABN Amro launches pvt banking services in Bangalore ABN Amro Bank has launched its private banking service in Bangalore. Such service has already been rolled out in Mumbai a year ago and in Delhi about six months ago, Country Representative, Mr Romesh Sobti, said. The bank currently has 165 ... More FINANCIAL INSTITUTIONS 77 cases cleared under debt revamp plan THE Executive Director, Industrial Development Bank of India (IDBI), Mr J.N. Godbole, has said that the `corporate debt restructuring (CDR) programme initiated by IDBI, other financial institutions and commercial banks has so far approved 48 ... More GOVT BONDS IPOS UCO Bank IPO share allotment process on The bank, according to informed sources, would not like to hold on to nearly Rs 4,000 crore of floating funds even though it is permitted to do so for a full month. The issue was oversubscribed 17.5 times, collecting a whopping Rs 4,200 crore, ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Cola Controversy The Cable tangle Indo-China Relations Telecom Competition Oil PSUs: Disinvestment dilemma In Depth In Kashmir Simple Economics Slowburn Tax Talk NRIs & Investment Avenues Corporate Governance Looking back Sep. 7-Sep. 13 Forex assets double but earnings up a tad for RBI — High-yielding domestic assets base shrinks SBI to be Basel-II compliant: Purwar SBI chief sees credit pick-up from Oct LIC bonus at Rs 9,246 crore Balance sheet clean-up exercise — FIs sell NPAs to overseas financiers Farm credit stuck in target talk |
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