Financial Daily from THE HINDU group of publications
Saturday, January 26, 2002
| Forex Rates Jan. 25 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Saturday, January 26, 2002 |
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MONEY & BANKING FOREX Re steady; gilts move up MUMBAI: THE rupee closed almost unchanged on Friday from the previous levels of 46.35/36 to the dollar in the forex market. Dealers said that after opening the day at 48.3450/3550, the rupee slipped to a low of 46.36/37. "Although there were ... More HOUSING FINANCE Hudco, SHCIL in talks to retail housing loans HOUSING and Urban Development Corporation (Hudco) and Stock Holding Corporation of India Ltd (SHCIL) are engaged in negotiations for retailing housing loans. The two institutions are willing to work out a distribution model and the details of ... More RBI & OTHER CENTRAL BANKS Corporate lending norms for PDs tightened The RBI has said that inter-corporate deposits through PDs should be for a minimum period of one week. Also, the aggregate limit on ICD borrowings should not exceed 50 per cent of the net-owned funds of the PD. More PRIVATE BANKS South Malabar Gramin posts profit KOCHI: South Malabar Gramin Bank has made an operating profit of Rs 12.6 crore for the quarter ended December 2001. The total earnings of the bank went up to Rs 75.3 crore (Rs 61.4 crore), while the expenditure grew to Rs 62.7 crore (Rs ... More
PUBLIC SECTOR BANKS Banks eye food credit to boost CD ratio PUBLIC sector banks are plugging hard for food credit this year in a bid to push up credit deposit (CD) ratio and boost the average yield on assets. Banking sources said it was not just the public sector banks that were seeking higher ... More
Corpn Bank `loans' for I-T payment
SBH Q3 net up 46.78 pc
SBI working to integrate retail, corporate a/cs
FINANCIAL INSTITUTIONS SBI Factors expands product range SBI Factors has extended its product range to include purchase bill factoring, letter of credit (LC) bill discounting and factoring backed by bank guarantee. Besides, the company is also planning to introduce factoring `without ... More CORPORATE BONDS NON-PERFORMING ASSETS CREDIT CARDS & DEBIT CARDS Sundaram Finance, IOC launch smart card SUNDARAM Finance and Indian Oil Corporation on Friday launched a smart card — Power Plus — for fleet operators, to enable them to draw fuel and lubricants at IOC petrol stations. The card would eliminate the need for drivers to ... More
SBI Cardholders may get insurance cover -- Talks on with SBI Life Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Jan. 13-Jan. 19 Stanchart in alliance with Dept of Posts RBI wants to counter slowdown by boosting aggregate demand Don't miss the message Banks may `lose interest' in cos Corporatise to give banks bigger say in decision-making: Reddy Indian Bank operating profit up IRDA nod for licences to 7 third party administrators `No time-frame for CRR cut' Bank privatisation efforts faltering |
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