Financial Daily from THE HINDU group of publications
Wednesday, February 13, 2002
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Financial Daily from THE HINDU group of publications Wednesday, February 13, 2002 |
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MONEY & BANKING FOREX Re gains 4 paise; gilts bullish MUMBAI: THE rupee closed stronger on Tuesday by around four paise at 46.67/68 against the dollar, as compared to the previous close of 46.71/72, in the forex market. Forex dealers said, that the currency opened at 48.71/72 per dollar and ... More HOUSING FINANCE ABN Amro to enter into housing finance ABN Amro Bank is planning to get into housing finance by the second-half of this year. "We have a presence in the car finance business and will enter the mortgage business soon,'' said Mr Nitin Chopra, Head — Consumer Banking, India. The ... More FINANCIAL POLICY Disinvestment to cut deficit THE disinvestment rush is on. The Government does not want to be caught holding shares in public enterprises at Budget time, which it had promised to divest long ago. Budget time is also fudge time. The fiscal deficit has to be somehow brought ... More FOREIGN DIRECT INVESTMENT Strategic sale of promoter stake -- Centurion awaits clarification on FDI CENTURION Bank Ltd (CBL) is awaiting the Government's clarification on foreign investment norms in the banking sector, with the strategic sale of the 26.23 per cent holding of former Chairman, Mr D. Ahuja, likely to breach the 49 per cent FDI ... More RBI & OTHER CENTRAL BANKS Rupee Co-op Bank board superseded THE board of directors of Rupee Co-operative Bank has been superseded and the Reserve Bank of India (RBI) has appointed an administrator for the management of the bank. The action against the bank follows the presentation of a report by the ... More PRIVATE BANKS KVB chief refutes merger talk COIMBATORE: Karur Vysya Bank's Chairman, Mr A.D. Navaneethan, on Tuesday maintained that market rumours about a possible merger of his bank with some other bank was "untrue and ill-conceived". Mr Navaneethan has stated categorically ... More GOVT BONDS Secondary market gilt transactions buoyant THE secondary market transactions in Government securities touched an all time high of Rs 10,58,078 crore last week and is expected to cross the Rs 12,00,000 crore mark by the end of the current fiscal. The transactions, which stood at Rs ... More
NON-PERFORMING ASSETS Banks in knots over Apple credit A case in example is that of Apple Credit Corporation, whose settlement with some banks of a consortium of lenders, has caused the banks to cross swords with each other. Back when the going was good, a consortium of 21 bankers led by State Bank ... More
`Under pressure to waive promoter's guarantee' ALLIANCES & JOINT VENTURES GTB e-payment pact with Rediff.com HYDERABAD: Global Trust Bank (GTB) has tied up with Rediff.com for providing e-payment facility to its customers for online shopping. GTB customers, registered for the Internet banking facility, will now be able to make their payments ... More TRENDS High rentals tell on branches HIGH rents are forcing several banks to prune their branch network in Mumbai. Most public sector banks have confirmed that they are reducing the number of their branches in the city, either by merging or by closing down branches. With the new ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Feb. 3-Feb. 9 RBI Report on Currency and Finance, 2000-01 -- Policy-makers vs econometricians Banks cement housing loans, boost offtake SafeScrypt issues digital signature to Mahajan IBA directive gives a fillip to CV financing Asset reconstruction company -- World Bank opts out; ADB, IFC seek time DOs reject phase-out plan; look to Ministry |
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