Financial Daily from THE HINDU group of publications
Tuesday, July 01, 2003
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Financial Daily from THE HINDU group of publications Tuesday, July 01, 2003 |
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MONEY & BANKING FOREX Rupee down 8 paise Mumbai: THE domestic currency lost some of its sheen, as it lost eight paise to end the day at 46.47/48 against the dollar in the local currency markets. The rupee opened the day at Friday's closing levels of 46.39/40 but dipped as state-run ... More FINANCIAL PERFORMANCE IFCI net loss down at Rs 260 cr INDUSTRIAL Finance Corporation of India Ltd (IFCI) has pruned its net loss to Rs 260 crore during the fiscal ended March 31, 2003, against a net loss of Rs 888 crore registered during the previous year. In a release issued here today, IFCI has ... More GENERAL INSURANCE Foreign reinsurers impose fresh terms REINSURANCE treaty arrangements are in trouble as foreign reinsurers have imposed fresh conditions for honouring their obligations. These treaties are signed between domestic general insurance companies with foreign reinsurers and were finalised ... More PUBLIC SECTOR BANKS Allahabad Bank plans low-cost insurance scheme for depositors ALLAHABAD Bank has proposed to launch a new scheme for loan against mortgage of immovable property as well as a low-cost insurance scheme for its depositors in collaboration with LIC. The two proposed schemes are part of fresh efforts by the ... More
INTEREST RATES Oriental Bank cuts lending rates for SSIs ORIENTAL Bank of Commerce (OBC) has reduced its interest rates and margins on advances to small-scale sector. The new rates will be effective from July 1. For SSI accounts with credit limits of up to Rs 25 lakh, the bank would charge 10 per ... More GOVT BONDS FRBs 2017 to fetch 5.26 pc THE rate of interest on the floating rate bonds (FRBs) 2017, applicable for the half-year July 2, 2003 -- January 1, 2004 shall be 5.26 per cent per annum. The interest rate on FRBs 2017 was set at a mark-up (as decided in the auction held ... More NON-PERFORMING ASSETS RBI one-time settlement schemes fail — Little response from target categories THE Reserve Bank of India devised one-time settlement (OTS) schemes are turning out to be major flop shows. Latest figures available with the Government and the RBI on the public sector banks' (PSBs) performance on the OTS front shows that while ... More CREDIT CARDS & DEBIT CARDS 
Federal Bank launches Visa debit cardFEDERAL Bank on Monday launched its Federal Bank Visa Electron International Debit Card, enabling its customers a convenient and secure mode of payment, across the world. "The bank will be offering its silver card free to all its customers who ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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