Financial Daily from THE HINDU group of publications
Tuesday, September 30, 2003
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Financial Daily from THE HINDU group of publications Tuesday, September 30, 2003 |
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MONEY & BANKING FOREX Rupee moves up; bonds buoyant MUMBAI: The rupee ended marginally stronger on Monday at 45.83/84 per dollar, as compared to previous closing levels of 45.85/86. According to dealers, after opening at 45.83/86, the domestic currency was driven to an intra-day low of ... More INTERNET Hyderabad firm unveils portal for CAs on insurance C&K Management Ltd, a Hyderabad-based content and knowledge management company, has developed a knowledge portal on the insurance industry for chartered accountants (CAs). In a release, the company said that the insurance industry has widened ... More NBFCS Self-regulatory body for NBFCs on the cards A SELF-REGULATORY body for the non-banking finance companies (NBFCs) is in the offing. At the behest of the Reserve Bank of India, the NBFCs are discussing the modalities of setting up the regulatory body. Mr T.T. Srinivasa Raghavan, Managing ... More HOUSING FINANCE 
DHFL housing arm reverts bad loans to ING VysyaING Vysya Bank received Rs 4.35 crore to take back bad loans from its erstwhile housing finance arm that had been acquired by Dewan Housing Finance. At a press conference on Monday, Mr R. Nambirajan, Managing Director, DHFL Vysya Housing ... More
CONSUMER FINANCE TVS Motor ties up with SBI TVS Motor Company on Monday announced its tie-up with State Bank of India to extend finance facilities to its customers for two-wheeler vehicles. By using SBI's network of more than 9,000 branches across the country, the company hopes to expand ... More LIFE INSURANCE ICICI Prudential unveils unit-linked plans for children ICICI Prudential Life Insurance has launched two "SmartKid" unit-linked child plans. The new plans are available in two options — a regular premium and a single premium option, says a press release. "Given the consumer interest in the ... More PRIVATE BANKS LVB mandates Deloitte to draw up business strategy THE Karur-based Lakshmi Vilas Bank (LVB) is drawing up an action plan for future business strategy by engaging the services of Deloitte Touche Tohmatsu. "The plan should be in place, ready for implementation before December 2003," the bank ... More PUBLIC SECTOR BANKS SBI inks pact with Apollo Hospitals STATE Bank of India (SBI) has entered into separate agreements with the Apollo Hospitals to extend loan assistance for hospital treatment. Addressing a press conference here today after signing a pact with the Apollo Hospitals Enterprise Ltd, ... More
Canara Bank in pact with SIDBI NON-PERFORMING ASSETS OTS offer draws poor response THE response to RBI's third OTS (one-time settlement) offer has evoked poor response. With just a day left for the receipt of applications under the scheme, most bankers concede that it had made `no special impact' this time. Bankers lament ... More CREDIT MARKET `Retail finance sector has strong growth potential' CONSUMER credit in the banking system is growing, but penetration levels remain low. "Consumer credit is growing at six per cent of GDP and occupies 17 per cent of the overall loans in the banking system. The retail finance segment still ... More
IBA urges RBI to lift cap on unsecured advances FIXED DEPOSITS Fixed deposit market losing flavour? THE fixed deposit market in India is shrinking by the day with more corporates deciding to pull out by suspending their deposit schemes, at least temporarily. Tata Tea is the latest blue chip outfit that has stopped offering FDs to investors, ... More ALLIANCES & JOINT VENTURES City Union Bank ties up with LIC CHENNAI: City Union Bank has tied up with LIC, for offering insurance-linked banking products "which will add value to depositors and borrowers". Under a scheme to be launched in association with LIC, the bank will provide life cover and ... More EVENTS 
'Consolidation urgent for banking sector'`CONSOLIDATION is the crying need of the Indian banking sector' according to the Chairman, State Bank of India, Mr A.K Purwar. Speaking at the annual FICCI banking conference in Mumbai , he said, ``Four to five large players must emerge like ... More PEOPLE Damodaran to take charge as IDBI chief MR M. Damodaran, the Chairman-designate of Industrial Development Bank of India, would attend his first board meeting of the development financial institution tomorrow, albeit as a special invitee. Mr P.P. Vora, outgoing Chairman and Managing ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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