Financial Daily from THE HINDU group of publications
Tuesday, May 17, 2005

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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
STRESS tests were originally developed for use at the portfolio level to understand the latent risks to a trading book from extreme movements in market prices. They have now become widely used as a risk management tool ... More


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


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
SBI Life Insurance has shown a growth of 166 per cent in premium income at Rs 601 crore for financial year 2004-05 against Rs 225 crore in the earlier year. Bancassurance contributed 67 per cent of this income. "The premium income from the ... More


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


Federal Bank to beef up presence outside Kerala
THE 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


PSBs suffer 9% dip in profits, see rise in lending
A 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


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


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


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


`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

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Top Stories
Monsoon caravan set rolling: IMD

Ministry clarifies on gem, jewellery sector service tax

Telecom rides the mobile wave — Non-wireless segments, rural areas laggards

PSBs suffer 9% dip in profits, see rise in lending

Concern over spiralling wheat prices

Talks on phosphoric acid rates fail — DAP supplies may dry up, warn fertiliser cos

Star India to charge 50% premium on prime time ad rates

Indian Railways plans to deploy GSM-R network in 2 new zones

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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