Financial Daily from THE HINDU group of publications
Wednesday, May 21, 2003
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Financial Daily from THE HINDU group of publications Wednesday, May 21, 2003 |
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MONEY & BANKING FOREX Rupee vaults 9 paise more The absolute lack of demand for the greenback from corporates, and muted activity on the part of the central bank in mopping up the dollar liquidity led to the spurt in the domestic currency today, said currency dealers. More INSURANCE IRDA to revise financial limits for surveyors AS a part of the initiatives to rationalise the structure of financial limits prescribed for surveyors and loss assessors, the Insurance Regulatory and Development Authority (IRDA) has decided to refix the limits for the value of survey to be ... More TECHNOLOGY Check that vanishing act! Here's more on security, but in the financial world. Money laundering can be tackled, at least in some measure, thanks to technology. More NBFCS Rabo India scouts for energy fund investors THE non-banking finance company Rabo India Finance and BTS, a Swiss Government-affiliated entity, is setting up a $30-million private equity fund dedicated to renewable energy projects in the country. The company is in the process of scouting ... More CREDIT RATING Crisil upgrades Tata Fin NCD CRISIL has upgraded the rating on Tata Finance Ltd's Rs 260-crore non-convertible debenture programme to `BBB' from `BBB-'- earlier. The rating upgrade is based on the successful execution of the company's recapitalisation plan which has ... More RBI & OTHER CENTRAL BANKS RBI okays direct investment in overseas listed cos THE Reserve Bank of India (RBI) has now operationalised a slew of big-bang measures that were announced by the Finance Minister, Mr Jaswant Singh, in January this year to bring about further flexibility in capital account transactions and further ... More
Fair practices code ticklish for banks PUBLIC SECTOR BANKS Central Bank net up 88 pc CENTRAL Bank of India has declared a net profit of Rs 305.52 crore for the year ended March 31, 2003, an 87.73 per cent rise over the previous year's net of Rs 163.30 crore. The operating profit for the year has gone up by 31.25 per cent to Rs ... More
UCO Bank feels SARS impact
Andhra Bank in talks to hedge high-cost deposits FINANCIAL INSTITUTIONS IFCI offers 9 pc coupon to EPFO for roll-over IN what could provide the trigger for the restructuring of its pending provident fund liabilities, IFCI Ltd has offered an interest rate of nine per cent to the Employees Provident Fund Organisation (EPFO) for rolling over its investments in the ... More ASSET MANAGEMENT COMPANIES SBI Capital net up 50 pc; to pay 35 pc SBI Capital Markets has recorded a 50 per cent rise in net profit at Rs 28.36 crore for the year ended March 2003 as against Rs 18.81 crore in the previous corresponding period. The company has declared a dividend of 35 per cent for the year, ... More INTEREST RATES ICICI Bank cuts deposit rates ICICI Bank Ltd has reduced interest rates on retail domestic deposits, by 25 to 100 basis points, across various maturities effective May 22, 2003. For deposits up to Rs 15 lakh and with a maturity of 15-45 days the new rate is 3 per cent from ... More GOVT BONDS Bond prices rally by 10-20 paise IN the Government securities market on Tuesday, bond prices rallied by 10-20 paise across maturities with traded volumes capped at over Rs 5,000-odd crore. The 10-year benchmark 9.81 per cent 2013 closed the day eight paise higher at Rs 129.68 ... More CORPORATE BONDS SIDBI bonds issue opens today SMALL Industries Development Bank of India (SIDBI) plans to launch its capital gains bonds through the private placement route on May 21. The issue will be available on tap. SIDBI will offer three instruments for tenures of 3 years and 5 years ... More TRADE & LABOUR UNIONS Bank staff to join today's strike ALL public-sector banks, regional rural banks and co-operative banks are expected to participate in the all-India strike on Wednesday to protest against the Central government's privatisation and disinvestment policy. All industrial workers, ... More
AP bank officers to strike today E-COMMERCE & E-BUSINESS SBI launches e-pay service STATE Bank of India has announced the launch of `SBI e-pay', its Internet-based bill payment facility. This facility will initially be available to those customers who are registered to use the SBI Internet banking facility in New Delhi and ... More
SBI Chennai circle completes ATM networking IPOS Centurion's public issue likely in Q3 CENTURION Bank expects its proposed Rs 65-crore rights-cum-public issue to hit the market by the third quarter of the current financial year, the Chairman and Managing Director, Mr V. Janakiraman, said. Post-issue, the capital adequacy ratio ... More CO-OPERATIVES Farm loans in drought-hit areas — Co-ops seek deferral of interest payments THE agriculture and rural development banks across the country, including the financially stronger ones, fear the prospect of defaulting to National Bank for Agriculture and Rural Development (Nabard). The default spectre looms large owing to ... More PEOPLE North Block recast for a trim look A FEW more heads are likely to roll in North Block very soon. With his maiden Budget sailing through Parliament with minor amendments, the Finance Minister, Mr Jaswant Singh, has now taken up in right earnest the task of putting his house in ... More
Jt. Secy appointments to Finance Ministry cleared — GC Chaturvedi to take over from Ajit Sharan Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus SARS scare The Cable tangle Indo-Pak Monitor Indo-China Relations Telecom Competition Oil PSUs: Disinvestment dilemma NPAs in Banking In Depth Simple Economics Consumer Notes Tax Talk The Brahmananda collection NRIs & Investment Avenues Corporate Governance Gold: Still the winner? Cars: Always a beauty Books and Reviews Looking back May. 11-May. 17 RBI asks PDs to mark up bidding commitments Insurers find it tough to get new business Brokers to meet IRDA chief to discuss notification Bankers sore with SFCs on interest payments NBFCs seek powers under Securitisation Act — Action against defaulters |
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