Financial Daily from THE HINDU group of publications
Tuesday, May 17, 2005
Financial Daily from THE HINDU group of publications Tuesday, May 17, 2005 |
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MONEY & BANKING INSIGHT The changing face of banking Even as banks move closer to international standards, they cannot lose touch with the realities of the Indian economy. More
Stress testing and Basel accord FOREX Rupee weakens; bond prices fall MUMBAI: The rupee weakened against the US dollar on Monday and closed at 43.4950/50, down from Friday's close at 43.42/43. With the revaluation of the Chinese yuan now on the backburner as well as a strong US job data report last week, ... More LIFE INSURANCE HDFC Standard Life posts 132 pc rise in new business premium HDFC Standard Life has reported a 132 per cent increase in new business premium at Rs 486 crore for the year ended March 2005. Total premium income of the company for the year was Rs 687 crore, up from the earlier year's Rs 298 crore. Unit ... More
SBI Life premium income grows 166 pc FINANCIAL POLICY Govt revises design of non-judicial stamp paper THE Finance Ministry has approved new design of stamp papers in denomination from Re 1 to Rs 25,000. A Ministry release said that production and supply of these stamp papers have started in a phased manner. The new stamps papers are printed ... More PRIVATE BANKS 
Federal Bank to beef up presence outside KeralaTHE Alluva-based Federal Bank Ltd is hoping to increase its presence in the other States excluding Kerala. "We are a national bank with more focus on Kerala. Now, we are planning to slowly strengthen our presence in Tamil Nadu, Karnataka and ... More PUBLIC SECTOR BANKS 
PSBs suffer 9% dip in profits, see rise in lendingA four-year trend of rising profits for public sector banks is now reversing. With only a few more results due to come in, profits of public sector banks have suffered a dent of 9 per cent on an average in 2004-05. In 2003-04, profits had grown ... More GOVT BONDS Floating Rate Bond rates MUMBAI: The rate of interest on the floating rate bonds, 2014 (FRB, 2014) applicable for the year May 20, 2005 to May 19, 2006, will be at 5.73 per cent per annum, as against 5.59 per cent in the previous year, said a press release from ... More CREDIT MARKET SBI, HDFC dilute stake in CIBIL STATE Bank of India and Housing Development Finance Corporation (HDFC) have reduced their stake in Credit Information Bureau (India) Ltd (CIBIL) to 16.25 per cent each, down from 40 per cent each. Their stake has been divested in favour of ... More SHORT TERM INSTRUMENTS To lower depreciation risk on Treasury operations — Banks switch over to T-bills BANKS have begun using the market stabilisation scheme (MSS) to restrict depreciation risk of their investments in government securities. Banking sources said that most of them have begun switching over to parking funds in the treasury bills ... More TRENDS `Banks must assess their competence before going global' THE Indian banking sector should reassess its core competence and embark upon programmes for making its global presence a more profitable and rewarding proposition, said Dr N.K. Thingalaya, former Chairman and Managing Director of Syndicate Bank. ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
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. 8-May. 14 Forex reserves fall $648 m on euro revaluation Debit card usage at point-of-sale rising Indian Bank IPO in H1 at `significant' premium Merger moves don't go far enough `Banks must recognise credit rating of SSIs by independent agencies' |
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