Financial Daily from THE HINDU group of publications
Wednesday, May 18, 2005
Financial Daily from THE HINDU group of publications Wednesday, May 18, 2005 |
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MONEY & BANKING REGIONAL RURAL BANKS Panel for merger of RRBs to improve efficiency THE Internal Working Group on Regional Rural Banks (RRBs) set up by the Reserve Bank of India has recommended merger of these banks to improve their operational viability and help them take advantage of economies of scale. "The merged entities ... More FOREX 
FEMA: From `regulating' to `facilitating' exportsFEMA has accelerated the liberalisation of exports by `facilitating' rather than `regulating'. More
Rupee unchanged; bond prices firm up SOFTWARE CSC software for insurers COIMBATROE: Computer Science Corporation (CSC) has rolled out `Vantage One' — a software for rapid introduction of insurance product and low-cost policy administration. According to CSC, this would offer life insurers technology ... More HOUSING FINANCE DHFC board okays debenture issue THE board of directors of Dewan Housing Finance Corporation (DHFC) has approved the draft umbrella offer document for the issue of additional debentures of up to Rs 500 crore. The board also approved re-issue of 9,300 forfeited equity shares of ... More GENERAL INSURANCE As investments take a hit, private insurers face solvency pressure If private players were to be able to sustain growth pace and simultaneously offset depreciation in assets, they would have to resort to greater capitalisation. Capitalisation, however, is still a sticky issue. More FINANCIAL MARKETS New policy framework for financial sector — Chidambaram urges industry to have dialogue with parties THE Finance Minister, Mr P. Chidambaram, today said that a new comprehensive policy framework for the financial sector is in the works. The new policy, which would cover banking, pension, insurance and capital market, is expected to be ready by ... More RBI & OTHER CENTRAL BANKS RBI nod waived for remittances by foreign cos MUMBAI: Foreign companies that set up project offices in India can now remit money to India without permission from the Reserve Bank of India, said a press release from the RBI. Currently, banks are required to obtain the RBI approval ... More GOVT BONDS Market risk warrants mainly floating, short-dated gilts THE Fiscal Responsibility and Budget Management Act (FRBM) enjoins the RBI not to subscribe to primary issues of Government of India securities. Although the central bank has, for some time now, been following the auction route to sell G-Secs, ... More
On-tap sale of State loans closed NEW PRODUCTS & SERVICES IFFCO-Tokio launches new plan in Madurai IFFCO-Tokio General Insurance Co Ltd has launched a weather insurance policy `Barish Bima Yojana (BBY)' for the benefit of the rural masses in the Madurai region. The new product seeks to provide insurance cover for farmers against damage to ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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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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