Financial Daily from THE HINDU group of publications
Friday, July 08, 2005
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Financial Daily from THE HINDU group of publications Friday, July 08, 2005 |
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MONEY & BANKING INSIGHT Dollar on a cyclical upswing? GIVE a forecast but do not give a date. That is an unstated rule in the business of forecasting the financial market. Well, if the volatility seen in the major global financial markets — foreign exchange and interest rates — in the ... More FOREX Rupee weakens; bonds decline MUMBAI: The rupee weakened against the dollar on worries about the rising price of crude and a fall in the domestic stock markets. The rupee opened at 43.62/63 and fell to an intra-day low of 43.68. It recovered to end at 43.64/65, ... More SOFTWARE Infosys tool for Philippine bank BANGALORE: Infosys Technologies Ltd, TIM Corporation and Sun Microsystems Inc announced on Thursday that Union Bank of the Philippines has gone live with Finacle core banking solution, making it the first bank to successfully replace its ... More NBFCS HDFC Bank plans to set up NBFC HDFC Bank plans to set up a non-banking finance company (NBFC) to undertake fund-based activities. The bank management, according to Mr Jagdish Capoor, Chairman, has examined the issue of establishing an NBFC in line with the current regulatory ... More LIFE INSURANCE Max NY Life keen on more bancassurance tie-ups HAVING entered into bancassurance alliances with seven banks in less than one year, Max New York Life (MNYL) is bullish on this distribution channel , its Executive Director, Mr Rajesh Sud, has said. "We are looking at large bancassurance ... More GENERAL INSURANCE RBI alters accident cover norms for Kisan credit cardholders BANKS excluding RRBs can now approach any general insurance company to provide personal accident cover to Kisan Credit Cardholders. As per the earlier arrangement, banks had to be serviced by designated general insurance companies on a zonal ... More
Stand-alone health insurance — Apollo Hospitals, US co show interest PRIVATE BANKS TMB's new facility MADURAI: The Tuticorin-based Tamilnad Mercantile Bank Ltd. has introduced real time gross settlement (RTGS) system for customer transactions from Friday, in all its branches. It had introduced the system in 45 branches since January, says ... More NON-PERFORMING ASSETS Banks find NPA recovery more gainful than sale to ARCs Bankers said that ARCIL's discounting rates are on the higher side. More
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