Financial Daily from THE HINDU group of publications
Friday, February 08, 2002
| Forex Rates Feb. 7 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, February 08, 2002 |
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MONEY & BANKING FOREX Rupee ends weak; gilts buoyant MUMBAI: THE rupee closed on Thursday at a new low for the fourth day in a row on Thursday. It ended the day at 48.6950/7050 per dollar, similar to Wednesday's close at 48.69 in a volatile forex market. Forex dealers said that the market opened ... More CONSUMER FINANCE BoR house-car loan scheme MUMBAI: Bank of Rajasthan (BoR) has introduced a new house and car finance scheme called the `gaadi-bangla scheme'. The scheme offers a maximum loan of Rs 20 lakh towards housing and a maximum of Rs 3 lakh for repairs and ... More GENERAL INSURANCE Deals with Tata Tea -- IRDA tariff panel pulls up United India, Tata-AIG THE Tariff Advisory Committee (TAC) under the Insurance Regulatory and Development Authority (IRDA) has pulled up both United India Insurance Co Ltd and Tata-AIG General Insurance Co Ltd on separate issues pertaining to their past and present ... More CREDIT RATING PRIVATE BANKS GTB links ATMs with Visa network HYDERABAD: Global Trust Bank (GTB) has announced the connectivity of its ATM network to the Visa Global ATM network. In a press release here on Thursday, GTB said Visa cardholders across the world could now access the bank's My Time ... More
ICICI Bank to expand ATM network PUBLIC SECTOR BANKS Gold trading, forex deals boost Corpn Bank profits CORPORATION Bank's bottom-line for the nine months ended December 2001 was buttressed by an increase in the profit on the sale of investments, foreign exchange operations and trading in gold. However, the company's cash management product, ... More FOREIGN BANKS 
Jaspal Bindra on StanChart executive panelMR Jaspal Bindra, Regional General Manager, India and Nepal, Standard Chartered Group, has been appointed as member to the Executive Committee of Standard Chartered Plc with immediate effect. The Executive Committee, formed in November 2001, is ... More FINANCIAL INSTITUTIONS FIs, banks seek redefinition of interest exemptions FINANCIAL institutions (FIs) and banks have pitched for a re-definition of exemptions under section 10 (23 G) of the Income-Tax Act as part of their Union Budget wish-list. This section of the I-T Act exempts interest on lendings to designated ... More NON-PERFORMING ASSETS Asset reconstruction company -- World Bank opts out; ADB, IFC seek time THE World Bank has opted out of participating in the equity of the proposed Asset Reconstruction Company (ARC) being constituted by the Government. This leaves only the International Finance Corporation (IFC) and the Asian Development Bank ... More TRADE & LABOUR UNIONS Employees to campaign against declining rates THE Bank Employees' Federation of India (BEFI) will organise mass support against the declining interest rates on bank deposits and small savings schemes, in order to launch a country-wide agitation. "The Centre's current economic policy is ... More
Union support for Kerala staff Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Jan. 27-Feb. 2 Private players set to enter domestic money transfer Develop bond market to cut forex risk: BIS Letter of credit: A scam in the making? SBI `relief package' for slowdown-hit units 3 options for insurance development officers Re loses 12 paise Treasury operations sparkle for banks SBI net goes up three-fold in Q3 |
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