Financial Daily from THE HINDU group of publications
Wednesday, September 25, 2002
| Forex Rates Sept. 24 (4.30 p.m. IST) | ||||||||||
|
Financial Daily from THE HINDU group of publications Wednesday, September 25, 2002 |
|
||||||||||||
|
|
|||||||||||||
|
MONEY & BANKING FOREX Re stable; gilts range-bound Mumbai: THE rupee ended steady on Tuesday almost unchanged from Monday's levels at 48.3950/4050 against the dollar in a dull forex market. Although there have been some apprehensions in the market over rising crude oil prices, fears have abated ... More STOCKS Quiet debut for Union Bank UNION Bank of India closed its first day of trading at Rs 16.30, just above the issue price of Rs 16, on the Bombay Stock Exchange (BSE). Opening at Rs 17.50, the stock touched a low of Rs 16.15 before closing at Rs 16.30. Total number of shares ... More BANKING `Paradigm shift in banking practices' BANKERS in the future will truly become brokers, according to the IDBI Bank Vice-President and Regional Head of Retail Banking (South), Mr J. Venkataramanan. Making a presentation on `The paradigm shift in banking' here , Mr Venkataramanan ... More LIFE INSURANCE ICICI Pru raises capital base by Rs 95 crore ICICI Prudential Life Insurance Company has increased its capital base by Rs 95 crore, taking the total paid-up equity capital to Rs 325 crore. The additional capital will be to fund expansion plans of the business and support business growth. ... More FINANCIAL MARKETS War fears spook markets ANOTHER meeting of the US Fed is getting under way as this is being written. The news coming out of the economy and markets, as they sit to decide their interest rate stance, is anything but positive. Out of four pieces of data released in the ... More DEBT MARKET RBI looks at widening repo market base THE Reserve Bank of India (RBI) is exploring the possibility of widening the base of the repo market including extending it to non-SGL account holders like CSGL account holders, according to Mr H.R. Khan, CGM, Reserve Bank of India. Speaking at ... More PRIVATE BANKS South Indian Bank: Confidence springs from `solid' figures THE South Indian Bank Ltd, with a paid-up capital of Rs 35 crore and reserves and surplus of Rs 238 crore, having its registered office in Thrissur, Kerala, will continue to remain an independent entity, according to its Chairman, Mr A. ... More PUBLIC SECTOR BANKS Kelkar meets IBA panel members MUMBAI: Low credit deposit ratio, corporate governance in banks and interest rate scenario were among the issues discussed at the meeting of Dr Vijay Kelkar, Advisor to the Finance Minister, on Monday with Managing Committee members of ... More
Corpn Bank adds one more ATM TRADE & LABOUR UNIONS Eighth bipartite wage settlement — IBA, union talks on Oct 18 The talks would determine the wage structure for five years beginning November 1, 2002, for about 7,57,000 employees working in 27 public sector banks, including officers and other staff. More CO-OPERATIVES Kapol Co-op's net profit, deposits up THE Mumbai-based Kapol Co-operative Bank will be setting up branches in Surat and Ahmedabad in Gujarat shortly. The bank, which has almost doubled its net profit from Rs 1.29 crore in 2000-01 to Rs 2.18 crore in 2001-02, will be opening its ... More PEOPLE IDBI-Principal gets new COO MR Vasu Ramaswami has been appointed Chief Operating Officer (COO) at IDBI-Principal Asset Management Co Ltd, a mutual fund house. According to a release here, Mr Ramaswami will oversee functions ranging from transaction services and ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Sep. 15-Sep. 21 US venture shortly — LIC finds slight dip in policies sale No RBI approval needed for prepaying ECBs up to $100 m UCO Bank to go for IPO next fiscal Private banks can have 49 pc FDI + 49 pc FII `Surplus' in banks even after VRS — SBI may come out with exit option |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home | Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |