Financial Daily from THE HINDU group of publications
Tuesday, August 13, 2002
| Forex Rates Aug. 12 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Tuesday, August 13, 2002 |
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MONEY & BANKING FOREX Re strengthens; gilts range-bound Mumbai: THE rupee closed at its highest this fiscal on Monday, in an otherwise lacklustre forex market, ending at 48.61/62 against the dollar as compared to last Friday's close of 48.6525. Forex dealers attributed the strengthening in the rupee ... More AGRICULTURAL INSTITUTIONS Nabard to foray into consultancy services NABARD plans to make it big in consultancy services. The institution is trying to cash in on its expertise in rural development by offering consultancy service in agricultural and allied activities. With many corporates entering contract ... More LIFE INSURANCE HDFC Life crosses Rs 1,000-cr mark in group insurance HDFC Standard Life Insurance Company's total life cover in its group insurance business has now crossed Rs 1,000 crore as sum assured. This has primarily been led by the performance in the company's group term insurance plan, said a ... More GENERAL INSURANCE Banks begin to lodge crop insurance claims with GIC BANKS have begun lodging crop insurance claims with the General Insurance Corporation of India (GIC) on account of failure in the kharif crops. These claims are from some of the public sector banks, which have covered farm loans with crop ... More PRIVATE BANKS PUBLIC SECTOR BANKS Union Bank to spend Rs 150 cr on tech upgrade UNION Bank of India is implementing a centralised core banking solution in the sphere of technology upgradation by investing Rs 150 crore in the next two to three years. The bank had tied up with two IT majors, Wipro and Infosys for the ... More
J&K Bank gets State nod for foreign partner CORPORATE BONDS Rs 1,000-cr bond issue from NHB THE National Housing Bank (NHB) is expected to raise around Rs 1,000 crore through the issue of capital gains bonds, at a coupon rate of 7.15 per cent per annum. The issue will be on tap from August 14. According to Mr R.V. Verma, Executive ... More MORTGAGE Pass through certificates may get listed on NSE PASS through certificates (PTCs) of mortgage-backed securities, may soon be listed on the National Stock Exchange. The National Housing Bank is working on a plan that is expected to integrate the housing finance sector with the capital market ... More FIXED DEPOSITS SBM reduces deposit rates STATE Bank of Mysore (SBM) has reduced rates on domestic term deposits and on NRE deposits by 25-50 basis points with effect from August 12, according to a press release. The new rates for domestic term deposits will be 5 per cent for 7-14 ... More
BoI cuts deposit rates again CO-OPERATIVES Saraswat co-op bank board removes MD IN a surprise development, Mr D.R. Shirodkar, Managing Director, Saraswat Cooperative Bank Ltd, a multi-state urban co-operative bank, has been removed by the bank's board. According to officials, the bank board at its meeting on Saturday ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Aug. 4-Aug. 10 IBA group mulls lower rates on rural credit As insurers resort to undercutting — IRDA panel hikes penalty for breach of tariff norms IBA for speedy disposal of loan applications No investment limits on new tax-free bonds Mortgage-backed securities begin to gain acceptance Cross-selling, the new mantra for pvt banks |
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