Financial Daily from THE HINDU group of publications
Friday, February 04, 2005
| Forex Rates | ||||||
|
Financial Daily from THE HINDU group of publications Friday, February 04, 2005 |
|
||||||||
|
|
|||||||||
|
MONEY & BANKING FOREX Rupee holds on to gains vs dollar MUMBAI: The rupee held on to most of its gains on Thursday, with the dollar being sold by market players. The domestic unit finished the day at 43.42 levels, a tad lower from its previous close of 43.40. According to a dealer with a ... More
Chamber seeks further easing of FEMA NBFCS Peerless' new RD scheme KOTTAYAM: The Peerless, a leading registered residuary non-banking company, has launched a new RD scheme in the State with free life insurance coverage. The product is a recurring monthly savings plan for five years with a minimum ... More LIFE INSURANCE Aviva Life raises capital base by Rs 77 crore AVIVA Life Insurance on Thursday announced that it has increased its capital base by Rs 77 crore, taking the total paid-up capital to Rs 320 crore. While Aviva holds 26 per cent stake in the company, Dabur holds the remaining 74 per cent ... More GENERAL INSURANCE `Weather cover carries element of basis risk' WEATHER insurance, for all its farmer-friendly features, has an element of "basis risk" involved in the risk management tool not always correlating to farm yield losses. Speaking to Business Line, Mr Shashwat Sharma, who heads rural ... More DEBT MARKET Banks move govt securities from active trading SOME of the top banks in the country have, in the last six months, shifted over Rs 68,000-crore worth of government securities held by them for active trading into one that would be held as permanent investments till redemption. This follows a ... More DERIVATIVES MARKETS Banks may be allowed to trade in commodities IN what would give a huge boost to commodity futures trading, the Government is all set to allow banks to trade in commodity derivatives. The Reserve Bank of India, according to sources, has given its nod to amend Sections 6 and 8 of the ... More PRIVATE BANKS ING Vysya prices CDs above Bank Rate Bankers said the SEBI bar on MFs from parking funds in bank deposits provided an impetus for the CD market that has remained dormant for sometime. More PUBLIC SECTOR BANKS 
Corporation Bank offers current account variantsCORPORATION Bank has launched variants of current accounts with add-on facilities targeted at various business segments. Quoting the Chairman and Managing Director of Corporation Bank, Mr V.K. Chopra, a bank release said here on Thursday that ... More FIXED DEPOSITS 
South Indian Bank hikes rates for FCNR, NRI depositsKOCHI: South Indian Bank has hiked interest rates for NRI term-deposits, both FCNR and NRI deposits with effect from February 1. |