Financial Daily from THE HINDU group of publications
Tuesday, May 13, 2003
| Forex Rates | ||||||
|
Financial Daily from THE HINDU group of publications Tuesday, May 13, 2003 |
|
||||||||
|
|
|||||||||
|
MONEY & BANKING FINANCIAL SERVICES More post offices get global money transfer facility THE Department of Posts has extended the International Money Transfer Service (IMTS), which facilitates instantaneous transfer of funds from abroad to India, to seven more sub-post offices in the Coimbatore Postal Division. The facility, first ... More FOREX Rupee firms up; gilts dull Mumbai: THE rupee ended on Monday one paise higher at 47.1700/1750 against the dollar, up from its previous close of 47.1800/1900. Demand and supplies of the dollar evenly matched, said a forex dealer in a public sector bank. "The dollar ... More INSURANCE `Insurance brokers role not well understood' WHY do you need a broker (and pay a commission) to buy an insurance policy when you can buy it directly from the insurance company at a discount? This is the question many corporates ponder over when a broker is engaged for buying a policy. Mr ... More LIFE INSURANCE Insurers find it tough to get new business THE falling interest rate regime has pulled down the overall new business premium of the Indian life insurance industry by a significant 18 per cent over the previous fiscal, despite the tremendous growth recorded by the private sector life ... More
HDFC Standard crosses Rs 5,000 cr in cumulative insurance coverage PRIVATE BANKS `Banks should focus on credit deployment' THE Chairman and Chief Executive of the Aluva-based Federal Bank Mr K.P. Padmakumar perceived the need (for banks) `to go to the basics and focus on credit deployment' to the agriculture and small-scale sector. "The obsession with the services ... More
IDBI Bank to go for rights issue PUBLIC SECTOR BANKS 
Canara Bank net rises to Rs 1,019 crCANARA Bank has reported a net profit of Rs 1,019 crore for 2002-03, up 37.52 per cent from Rs 741 crore a year ago. The bank's board has proposed 35 per cent dividend for the year. Total business (deposits and advances) touched Rs 1,12,567 ... More
Andhra Bank allots Rs 69 crore for IT CORPORATE BONDS GSFC delays interest payment on SLR bonds — Facing liquidity crunch THE Gujarat State Finance Corporation (GSFC) has delayed interest payments on its SLR bonds to banks. GSFC has confirmed that it could not make the payments due to a liquidity crunch. According to an official with a leading public sector ... More NON-PERFORMING ASSETS IFCI finalises big NPA recovery proposal ONE of the largest single-lender clean-up operations in the financial sector is to commence soon with IFCI Ltd having finalised plans for a twin-track assault on its non-performing assets (NPAs) through its own asset reconstruction company (ARC) ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
 Pick a Winner Stock Market Contest
Top Stories In Focus SARS scare The Cable tangle 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. 4-May. 10 Forex reserves up $933 m Banks seek dollar refinance facility SBI Home Fin may cease to exist Can the market bank on banking stocks? Marginal rise in SBI priority sector loans Effect of falling interest rates — Insurers seek changes in investment norms |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home | Copyright © 2003, 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 |