Financial Daily from THE HINDU group of publications
Wednesday, April 06, 2005
Financial Daily from THE HINDU group of publications Wednesday, April 06, 2005 |
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MONEY & BANKING INSIGHT US data keep sharp rate hikes at bay It was so once again last week. Job creation in the non-farm sectors of the US economy was forecast to be over 2 lakh. Actual was only about half of that - 1.10 lakh. But, in complete contradiction to the payroll data, the unemployment fell ... More FOREX Rupee steady; securities rise MUMBAI: The rupee closed almost unchanged from its previous levels, ending at 43.78 per dollar on Tuesday. The domestic currency opened at 43.82/83 and touched an intra-day high of 43.84 on a bout of dollar buying across the board. ... More
`Enough forex reserves to meet crude import needs' INFORMATION TECHNOLOGY Allahabad Bank on Rs 300-cr tech upgradation ALLAHABAD Bank has lined up a fresh technology upgradation programme, entailing an investment of Rs 300 crore, to be spent over the next two years. The bank, which seeks to bring its services on an advanced technological platform, hopes to ... More FOREIGN DIRECT INVESTMENT 
Govt keen on hiking FDI cap on insurance — Germany may review dumping duties on Indian goodsTHE Finance Minister, Mr P. Chidambaram, on Tuesday reiterated the Government's intention to raise the foreign direct investment cap in the insurance sector to 49 per cent from the present 26 per cent. "The intention is to raise the insurance ... More PRIVATE BANKS Federal Bank to launch Treasurer's Calendar today THE Executive Director of Federal Bank, Mr P.R. Sankaranarayanan, will release a special calendar called the Treasurer's Calendar here on Wednesday. The calendar will chronicle major events in the domestic and international markets and give ... More PUBLIC SECTOR BANKS SBI launches scheme THIRUVANANTHAPURAM: State Bank of India has launched a new loan scheme named SBI-Maxgain. An official spokesman said the scheme extends an option to customers to link their housing loan account with their current account and benefit ... More GOVT BONDS Banks losing interest in long-dated G-secs FACED with a credit offtake of over 30 per cent since the beginning of the last fiscal, bankers have lost interest in long-dated government securities. Senior bankers said most of them preferred deploying resources in credit. This trend was ... More
Good response to Govt stock sale CREDIT CARDS & DEBIT CARDS Citibank launches credit education initiatives CITIBANK has launched initiatives to educate customers on the risks and benefits of consumer credit. The initiatives include `Use Credit Wisely' - a booklet that informs the customer about steps to gain maximum value and benefits from ... More
FIXED DEPOSITS 
Bank of Baroda hikes FCNR interest ratesBANK of Baroda has revised upwards the interest rates on NRE term deposits effective April 4. It has also revised interest rates on FCNR (B) deposits with effect from April 4. ... More
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