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Thursday, October 30, 2003
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FOREX


Rupee closes steady; bonds buoyant
MUMBAI: The rupee closed steady on Wednesday at the previous day's closing levels of 45.32 against the dollar in a flat forex market. Dealers said that there was no demand for the greenback and the domestic currency remained ... More

NBFCS


Madras HC orders benefit fund ex-directors' arrest
THE Madras High Court has directed the Chennai Police Commissioner to immediately arrest K. SP. B. Shunmugham and V. Harshavardhan, former directors of the Chennai-based Alwarpet Benefit Fund Ltd, who were facing criminal charges for having ... More

RBI caps rates on NRE deposits with NBFCs
THE Reserve Bank of India has clarified that the rate of interest payable on fresh repatriable non-resident external (NRE) deposits accepted by all classes of non-banking financial companies (NBFCs) on and from October 18, should not exceed 25 ... More

CONSUMER FINANCE


Corpn Bank, HMT pact
MANGALORE: Corporation Bank on Wednesday signed a memorandum of understanding (MoU) with HMT Ltd to collaborate with it for financing tractors to farmers. Mr A. Mohan Rao, General Manager of the bank, and Mr S.K. Welling, Executive ... More

  • Corpn Bank signs MoU with Hero Cycles

    GENERAL INSURANCE


    ESIC plans corpus fund in TN
    MADURAI: The Employees State Insurance Corporation (ESIC) has proposed to set up a corpus fund to provide its hospitals in the State with better infrastructure. According to Mr A.S. Meeran, Joint Director, the ESIC hospitals, under the ... More

    CREDIT MARKET


    Why can't Nabard be rural credit bank?
    AT the level of the Cabinet Secretariat in New Delhi, a paper is being prepared to set down ways to reach credit to the unorganised sector largely dependent on moneylenders. It is a quiet admission of poor credit flows to the needy in the ... More

    CO-OPERATIVES


    Prudential Coop. depositors' plea
    HYDERABAD: The depositors' association of the crisis-ridden Prudential Co-operative Bank have demanded the payment of due interest on fixed deposits, operation of savings bank and current accounts to instil confidence among account ... More
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    In Focus
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    In Depth
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    Looking back
    Oct. 19-Oct. 25
    NRIs eyeing bond market

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    States warming up to fiscal responsibility

    PLR: Will RBI answer IBA's prayers in Credit Policy?


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