Financial Daily from THE HINDU group of publications
Saturday, May 14, 2005
Financial Daily from THE HINDU group of publications Saturday, May 14, 2005 |
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MONEY & BANKING REGIONAL RURAL BANKS RRBs allowed to do insurance biz on referral basis AFTER permitting Urban Co-operative Banks to conduct insurance business on a referral basis, the Reserve Bank of India has now extended this facility to Regional Rural Banks (RRBs) as well. According to a press release from RBI, RRBs will now ... More FOREX Rupee tad weaker; bond prices up MUMBAI: The rupee weakened marginally against the US dollar in the forex market on Friday. The dollar continued its gains on strong retail sales and overseas support. On Friday the rupee closed trade at 43.42/43, lower than Thursday's ... More LIFE INSURANCE Tata AIG Life reversionary bonus at 3.5 pc TATA AIG Life has announced a reversionary bonus of 3.5 per cent of the sum assured for the financial year ended 2004-05. This bonus is applicable for all eligible participating plans. This reversionary bonus is declared on the "sum assured ... More PRIVATE BANKS Kotak Mahindra eyes Rs 10,000-cr biz KOTAK Mahindra Bank expects to record a robust growth of over 60 per cent in its business volumes and report a balance sheet size of around Rs 10,000 crore for the current fiscal. Talking to newspersons here on Friday, its Group Head, Retail ... More
Bill to lift voting rights cap in banks introduced FOREIGN BANKS Consumer forum awards Rs 20 lakh against Standard Chartered Bank `Sending thugs to the house of borrowers and threatening them was a despicable act.' More CREDIT MARKET `Banks must recognise credit rating of SSIs by independent agencies' SMALL-scale industries can get themselves credit-rated by independent agencies not just to smoothen the process of getting funds but also to showcase their reputation and capability to prospective customers, according to Mr S. Venkatesan, ... More CREDIT CARDS & DEBIT CARDS StanChart projects 30-pc growth in credit card business STANDARD Chartered Bank has budgeted a 30 per cent growth in its credit card business in the current fiscal. The bank, which has about 1.5 million customers nationally, is eyeing, among others, the metro markets with a view to achieving its ... More TRADE & LABOUR UNIONS IBA, unions agree on pension issue MUMBAI: The Indian Banks' Association and bank unions on Friday came to an understanding on haring the pension burden under the wage pact, a union official said. He said this has cleared the way for signing the final wage agreement, ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment China's revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back May. 1-May. 7 Forex reserves increase by $1 billion Bearish trend in bonds to continue LIC to focus on equities, may scale up exposure SBI joins race to tap mid-corporates HDFC net jumps 16.7 pc in Q4; to pay Rs 17/share IGF seeks probe into alleged price rigging in 3 banks |
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