Financial Daily from THE HINDU group of publications
Saturday, December 13, 2003
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Financial Daily from THE HINDU group of publications Saturday, December 13, 2003 |
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MONEY & BANKING INSIGHT Bridging the divide between RBI, banks THE RBI Governor, Dr Y.V. Reddy, wants banks to speak up on the performance of the central bank. It looks a sound idea as the relationship between banks and the central bank in any country has always been a high pressure point. Bankers are ... More FOREX Rupee stable; securities rally MUMBAI: The rupee ended firm against the dollar on Friday. Dollar demand from corporates and importers aborted an early foreign funds led rally in extremely thin and lethargic trade at the forex market. After opening firm at 45.53/54, ... More INFORMATION TECHNOLOGY `Online clearing will hit banks hard' THE yet-to-be implemented, real time online clearing system (RTGS), will drive down margins of banks, said bankers at the Bank Economists' Conference. RTGS is expected to be implemented on a stand-alone basis by January 2004 and on a ... More
HOUSING FINANCE 
Bankers wary of home loan growth pace"BANKS should not cut corners in dispensing housing loans," according to a senior official of the Reserve Bank of India. The market was growing very fast and banks need to take measures to keep delinquency under check, said the official. ... More LIFE INSURANCE AMP Sanmar life cover awareness drive AMP Sanmar has unveiled a special project aimed at the rural masses in Andhra Pradesh under which initiatives for awareness on insurance and pension products would be taken up. The Financial Deepening Challenge Fund of the UK is supporting the ... More RBI & OTHER CENTRAL BANKS Corporates may be allowed in repo market THE Reserve Bank of India's exchange rate policy is to manage excessive volatility without any fixed target, but financial intermediaries and other agents should not view this as a substitute for an appropriate risk management policy, Ms Usha ... More PRIVATE BANKS KMB promoters to wait & watch on stake dilution KOTAK Mahindra Bank's promoters, the Kotak Mahindra group, want to wait for the evolution of the policy regarding ownership of banks to take a decision on diluting their stake in the bank. Currently, the promoter group holds close to 62 per ... More FOREIGN BANKS Allow Iranian banks to open in India: CII IN an effort to help the Indian business community further increase exports to Iran, the Confederation of Indian Industry (CII) has urged the Indian Government to consider giving permission to an Iranian bank to open an office in India without ... More FINANCIAL INSTITUTIONS IFCI gets Rs 5,220-cr Govt support to restructure debt THE Government has said that it has scheduled a debt-restructuring support of Rs 5,220 crore for IFCI Ltd to be spread over till 2011-12. The amount is to be utilised for meeting the principal and interest liabilities of the institution. The ... More CORPORATE BONDS ICICI Bank to offer bonds for Rs 100 cr ICICI Bank has announced the sixth public offering of unsecured redeemable bonds in the nature of debentures aggregating Rs 100 crore with a right to retain Rs 100 crore oversubscription, according to a press release. This is the ICICI ... More CREDIT MARKET 
Pvt lenders still rule rural sidePOST-LIBERALISATION, the grip of private moneylenders over rural households has increased, according to the latest findings of the Rural Labour Enquiry (RLE) report released by the Union Ministry of Labour earlier this week. According to the ... More CREDIT CARDS & DEBIT CARDS RBI pulls up banks over kisan credit cards THE Reserve Bank of India (RBI) on Friday expressed concern over the ineffectiveness of the Kisan Credit Card programme and also the lack of penetration of retail credit into rural and semi-urban areas. The Kisan Credit Card designed in keeping ... More MERGERS & ACQUISITIONS Govt mulls merging IDBI with bank THE Government is considering merging IDBI with a public sector bank, Mr N.S. Sisodia, Secretary (Financial Sector), Ministry of Finance, said on Friday. Speaking to newspersons on the sidelines of the Banking Economists' Conference 2003, Mr ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
 Mid-Term Monetary and Credit Policy for the year 2003-2004 Pick a Winner Stock Market Contest
Top Stories In Focus Steel Industry in 2003 Outsourcing backlash Stamp paper scam Housing finance scenario Insurance Round-up — 2003 Organic farming The Cable tangle Telecom Competition Oil PSUs: Disinvestment dilemma Rising intolerance (The Hindu) Vaishnavaite Temples in Tamil Nadu (The Hindu) Saivite Temples in Tamil Nadu (The Hindu) In Depth Insurance Corner Swati CA Simple Economics Slowburn Tax Talk NRIs & Investment Avenues Iraq Diary Looking back Nov. 30-Dec. 6 `Indian banks poised for further growth' PSBs finalise new PLR formula The missing linkages for borrowers Consolidation boosts bank stocks Benchmark PLR may be in double digits |
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