Financial Daily from THE HINDU group of publications
Friday, November 07, 2003
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Financial Daily from THE HINDU group of publications Friday, November 07, 2003 |
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MONEY & BANKING INSIGHT What the Credit Policy has ignored The Credit Policy lacks action or pronouncement. Last year's GDP growth was sub-5 per cent and now there are projections for 7 per cent. The monsoon has been good; this could not have been built into the April planning. The stock market surged and forex reserves have bulged at a rate never seen before. Are not these significant enough to call for any policy response? More FOREX Rupee turns weak; gilts reverse trend MUMBAI: The rupee on Thursday ended three paise weaker despite good supplies of the greenback. Dealers attributed this to central bank intervention. The domestic currency ended at 45.31, down from Wednesday's close of 45.2850/2950. ... More HOUSING FINANCE HFCs take securitisation route IN a bid to protect income flows housing finance companies (HFC) are increasingly resorting to securitisation of only principal receivables. Among the HFCs that have taken this route for raising low cost resources in a soft interest rate regime ... More LIFE INSURANCE Insurers do say No IF you have been pestered to take a policy by an army of agents (nearly one million agents are around), it may be hard to believe that insurance companies sometimes pass up the opportunity to thrust insurance on your heads. But decline, they ... More CREDIT RATING 'Banks gain in rating from govt ownership' CREDIT rating agency, Crisil has said that the current high ratings of public sector banks (PSBs) factor in a clear layer of support for benefits of Government ownership. According to a Crisil study, a lowering of Government holding in PSBs ... More PRIVATE BANKS ICICI Bank gets UK licence, opens arm in London ICICI Bank Ltd has gained a UK banking licence to set up its first subsidiary overseas, ICICI Bank UK Ltd. With its first branch abroad located at Knightsbridge, London, ICICI Bank UK is currently the only locally incorporated banking ... More
Lord Krishna Bank keen to get strategic investors
YES Bank ties up funding FINANCIAL INSTITUTIONS APSFC signs tripartite pact with Govt, SIDBI THE Andhra Pradesh State Financial Corporation (APSFC) has announced here on Thursday that it has entered into a tripartite memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) and the State Government, as ... More EVENTS Call to hike non-interest income MANGALORE: Efforts should be made to increase non-interest income as the demand for credit was not picking up and interest rate war was fierce, the Chairman and Managing Director of Karnataka Bank Ltd, Mr Ananthakrishna, has ... 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 Telecom Competition Oil PSUs: Disinvestment dilemma In Depth Swati CA In Kashmir Simple Economics Slowburn Tax Talk NRIs & Investment Avenues Corporate Governance Iraq Diary Looking back Oct. 26-Nov. 1 It's really a United (Bank) housing loan! Cash dollar shortage — Bankers want FCNR deposit cap lifted Bank frauds: CVC lends clarity to CBI role Two more PSBs to come out with public issues soon |
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