Financial Daily from THE HINDU group of publications
Saturday, September 03, 2005
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Financial Daily from THE HINDU group of publications Saturday, September 03, 2005 |
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MONEY & BANKING PENSION PLANS PFMs may be allowed to park funds only in domestic instruments PFRDA said that PFMs would be allowed to invest only in a handful of instruments, including equities of companies listed in India and regulated by SEBI. More OUTSOURCING RBI officers' body opposes outsourcing THE general council meeting of the Reserve Bank of India Officers' Association (RBIOA), which began in Pune today, strongly opposed outsourcing and hiving off some of the functions of the apex bank. It stated that it would take all measures ... More FOREX Rupee strengthens MUMBAI: The rupee continued its recovery against the dollar as month-end demand eased. Besides, global currencies rallied against the greenback for the second day. The rupee opened higher and made steady gains on talk that the US Fed ... More NBFCS `Paison ki Nilami' exceeds target `PAISON ki Nilami', the auction of interest rates organised by Srei Infrastructure Finance Ltd (SREI) on August 31, has generated business worth Rs 175 crore as against the target of Rs 150 crore. About 550 participants from all over the ... More LIFE INSURANCE 
LIC to invest Rs 9,000 crore more in equities this fiscal — No plans for public issue, says ChairmanLIFE Insurance Corporation is planning to jack up its equity exposure this fiscal by investing up to 10 per cent of its assets in equities against the present level of 8 per cent. This would mean additional equity investments of Rs 9,000 crore ... More
LIC Ernakulam division tops in premium collection
LIC's Bima Gold launched in AP PRIVATE BANKS 5 ICICI Bank staff suspended for exceeding trading limits FIVE employees of ICICI Bank Ltd including three officers in the treasury department were suspended for over stepping their trading limit thereby causing losses to the bank. The loss incurred was said to be to the tune of Rs 1 ... More
ING Vysya offers SB account for students PUBLIC SECTOR BANKS Syndicate Bank to raise $75 million SYNDICATE Bank is raising $75 million through a syndicated loan from the overseas market. The bank is raising $50 million, which will be deployed in the UK as trade finance via its overseas branch in London. The bank will raise another $25 ... More FIXED DEPOSITS 
Andhra Bank hikes NRE deposit ratesANDHRA Bank has announced upward revision of interest rates on deposits under Non-Resident (External) Rupee Accounts (NRE Accounts) for different maturity periods. The revised rates are applicable on all fresh deposits and renewals of the ... More
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