Financial Daily from THE HINDU group of publications
Thursday, November 10, 2005
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Financial Daily from THE HINDU group of publications Thursday, November 10, 2005 |
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MONEY & BANKING FARM CREDIT Centre examining demand to extend special coffee loan scheme THE Centre is examining the planters associations' demand to extend the special coffee term loan scheme, as a section of the growers has not availed itself of the scheme unveiled in June to bail out the growers. "I will take up the matter for ... More INSIGHT Woes of hi-tech banking FOREX Rupee weak; bonds firm up The rupee opened at 45.72/74. Dollar demand from corporates at the level of 45.73/75 pushed the rupee down to 45.86. At this level, dollar selling by exporters and general inter-bank selling helped the home currency recover to close higher. ... More SOFTWARE CashTech implements remittance solutions at Filipino bank PUNE-based CashTech, a provider of remittance solutions, has implemented its remittance solution for Land Bank of the Philippines, which will make remittance smoother for the country's large migrant population. "Post the 9/11 bomb blasts in ... More NBFCS RBI cancels Karvy's NBFC licence THE Reserve Bank of India on Wednesday said that it has cancelled the certificate of registration issued to Karvy Consultants Ltd (KCL) for carrying on the business of a non-banking financial institution. However, when contacted, the Karvy ... More GENERAL INSURANCE Bajaj Allianz General in pact with Euler Hermes BAJAJ Allianz General Insurance has tied up with Euler Hermes Kreditversicherungs - AG, an Allianz company to offer domestic and export credit insurance. Bajaj Allianz will have access to the proprietary information and the risk database of ... More
D&O insurance policies market picking up CREDIT RATING 
`SMEs will have to wait to get benefits of ratings'THE services of the two-month-old credit rating agency promoted by the Small Industries Development Bank of India (SIDBI) have been used by over a hundred small and medium enterprises, according to Mr N. Balasubramanian, Chairman and Managing ... More DEBT MARKET Bond auctions oversubscribed THE auctions of the 7.49 per cent-Government Stock 2017 and the 7.40 per cent-Government Stock 2035 were oversubscribed. Dealers said that the lower cut-off prices of the papers conveyed a bearish sentiment. For the 7.49 per cent paper, ... More FOREIGN DIRECT INVESTMENT Centre allows 49 pc FDI in ARCs — To help clean up bad assets in banks IN a bid to accelerate the cleaning up of the banking sector's non-performing assets (NPAs), the Government today permitted 49 per cent foreign direct investment in asset reconstruction companies (ARCs). FDI was not allowed earlier in ... More RBI & OTHER CENTRAL BANKS No shortage of coins, says RBI MUMBAI: The Reserve Bank of India has clarified that there is no shortage of coins of any denomination, including of Rs 5. According to an RBI press release, news reports that the central bank will reintroduce Rs 5 notes due to a ... More PRIVATE BANKS ING Vysya Bank unveils money transfer service ING Vysya Bank has launched Mi-r@mit, a secured online inbound money transfer service from the US to beneficiaries in India. It is being offered by the bank in association with Times Online Money Ltd, the technology and backend service provider ... More PUBLIC SECTOR BANKS Indian Bank gearing up to become financial supermarket INDIAN Bank is gearing up to emerge as a one-stop financial supermarket within the next 18 months, its Executive Director, Mr B. Sambamurthy, said here today. Revealing the bank's future plans, he said the bank would, from being a corporate ... More
FINANCIAL INSTITUTIONS SIDBI sets up arm in Ambattur industrial estate THE Small Industries Development Bank of India (SIDBI) has set up a branch in the Ambattur industrial estate - home to some 2,300 small and medium engineering units. "The idea is to be nearer the customers," the Chairman and Managing ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Focus Indian Aviation: Sky is the limit Stock splits India Inc's bonus bonanza Dabhol power regenerated Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Oct. 30-Nov. 5 Bonds firm up on technical correction Chidambaram asks bank employees to co-operate with reforms — Inaugurates IOB's 1503rd branch Exporters cancelling forward dollar cover Bank deposit growth lags credit demand Six-currency exchange rate indices from December — Yuan, HK dollar in RBI forex basket |
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