MONEY & BANKING
Rupee, bonds in tight range
MUMBAI: The rupee finished a shade stronger at 43.94/95 against the dollar on Monday, off the day's high at 43.86, on the back of foreign and trade related inflows. The currency had ended at 43.96/97 on Friday. The rupee has been ...
TCS completes Phase I of Islamic insurance tool project
TATA Consultancy Services Malaysia, a wholly owned subsidiary of TCS, on Monday announced completion of the first phase of design & development for the $2.3-million IT project to develop a comprehensive Islamic insurance solution, called Takaful
Laser Soft tool for IndusInd
CHENNAI: Laser Soft Infosystems Ltd, a Chennai-based banking software product company, has implemented its trade finance software, Prophesy, in IndusInd Bank. The software handles all trade finance and foreign exchange operations of the ...
X'mas bonanza from SBI
Chola MS General in pact with Generali
CHOLAMANDALAM MS General Insurance will market its health and accident insurance products to prospective multinational clients of the Generali Employee Benefits Network (GEB) in India, according to a company press release. Cholamandalam MS has ...
TMB relaxes loan norms for tractors
MADURAI: The Tamilnad Mercantile Bank (TMB) has relaxed its norms for grant of loans for tractors and implements. According to TMB's Deputy General Manager (Business Development), Mr Selvan Rajadurai, the interest and margin money on ...
PUBLIC SECTOR BANKS
Syndicate Bank introduces e-banking facility in Madurai
THE Syndicate Bank has introduced `Kisan Samvirudthi Credit Card' as an extension of the Kisan Credit Card. While the latter aimed at helping the farmers in carrying out their farm works relating to cultivation in the short term, the ...
Exim Bank expects 20% growth in loan assets
BUOYED by the over-Rs 9,000-crore disbursements in the current year, Exim Bank of India expects to close the year with a 20-per cent growth in its outstanding loan assets over last year. At end-March 2003-04, the bank had a loan portfolio of ...
Rising bond yields set to hit banks' Q3 profits
BANK profits are expected to be hit for the third successive quarter due to falling bond prices and the need to make large depreciation provisions. Bankers said here that despite the brief respite extended to them by the Reserve Bank of India ...
UTI Bank board to review splitting of CMD post
IN a surprise development, UTI Bank has decided to hold a board meeting on Wednesday to reconsider its decision to split the post of Chairman and Managing Director into non-executive Chairman and Managing Director. Senior officials with the ...
Cross Currency Rates
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