Financial Daily from THE HINDU group of publications
Friday, October 25, 2002
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Financial Daily from THE HINDU group of publications Friday, October 25, 2002 |
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MONEY & BANKING AWARDS & HONOURS 
PNB bags award for excellent techPUNJAB National Bank (PNB) has bagged the `Best Bank Award' for excellence in banking technology, while Canara Bank got a special award in the same category. The award for effective usage of INdian FINancial NETwork (INFINET), a closed user ... More FOREX Re firm; gilts range-bound THE rupee closed almost unchanged on Thursday at 48.38/39 against the dollar as compared to 48.39 on Wednesday in the forex market. The supply of the dollar was seen to be reasonably good in the market, said a forex dealer. "There was good ... More CREDIT POLICY Bank or repo rate cut in credit policy? EXPECTATIONS of a cut in bank/repo rate in the Credit and Monetary Policy to be announced by the Reserve Bank of India on October 29, have been governing prices in the debt market for the past few weeks. However, the market is divided on ... More SOFTWARE Infosys eyeing global banks for CRM SOFTWARE major Infosys Technologies Ltd has announced that it is targeting global banks with its recently launched banking customer relationship management (CRM) software product — Finacle CRM, which has been designed to suit the industry ... More GENERAL INSURANCE IRDA strong-arm tactics pay off — Insurers accepting third-party liability cover THE flexing of muscles by the Insurance Regulatory and Development Authority (IRDA) is finally showing results that should bring cheer back on the faces of transporters. IRDA has now claimed that its threat of reprisal has resulted in general ... More PRIVATE BANKS Bharat Overseas H1 profit at Rs 9 crore BHARAT Overseas Bank Ltd has reported a growth of 12.5 per cent in net profit at Rs 9.02 crore (8.02 crore) for the half-year ended September 30, 2002. The gross income of the bank for the half-year was Rs 96.81 crore. The total deposits grew ... More
Federal Bank H1 net up 22 pc
Vysya Bank Q2 net slips 18.41 pc
IDBI Bank net up on interest, fee incomes PUBLIC SECTOR BANKS Vijaya Bank Q2 net down THE public sector Vijaya Bank has reported a net profit of Rs 37.74 crore for the second quarter of the current financial year. For the first quarter this year, the bank had reported a net profit of Rs 40.77 crore. The reduced net profits were ... More
Syndicate Bank moots `structural changes' FINANCIAL INSTITUTIONS Innovative projects rare: IDBI official "The spirit of entrepreneurship is on the decline and not a single entrepreneur approached us for finance in the last two years,'' the Executive Director of Industrial Development Bank of India (IDBI), Mumbai, Mr R. Jayaraman Iyer, ... More IPOS Allahabad Bank IPO fully subscribed ALLAHABAD Bank's IPO has been fully subscribed, according to informed sources. The issue on offer was for mopping up Rs 100 crore. Nearly 90 per cent of the issue amount was subscribed in the first day itself by nearly 50,000 retail investors. ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Oct. 13-Oct. 19 LIC gets clearances for US operations — Eyes NZ, Australia and China IMF-World Bank: Search for legitimacy Rural branches on the decline LIC sets tough trend for private players — To focus on expanding agency network HDFC Chubb goes on stream Unfair deal for the ordinary investor |
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