Financial Daily from THE HINDU group of publications
Friday, May 24, 2002
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Financial Daily from THE HINDU group of publications Friday, May 24, 2002 |
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MONEY & BANKING FOREX Re down; gilts perk up Mumbai: THE rupee closed on Thursday at another all-time low at 49.0550/0650 to the dollar following apprehensions of a possible escalation in border tensions. The rupee opened at 49.02. "The market was jittery throughout the day and corporate ... More SOFTWARE TCS solution for Societe Generale QUARTZ, the banking software of Tata Consultancy Services (TCS) has been chosen by the global banking services division of Societe Generale as the core system of the European platform for its International operations. An object-oriented package ... More CREDIT RATING Rating awareness on the rise: ICRA The study indicated that there was a correlation between macro-economic shifts and the changes in ratings assigned by ICRA. More RBI & OTHER CENTRAL BANKS $6-b ADB aid for India in next 3 years THE Asian Development Bank (ADB) has agreed to provide $6 billion assistance to India in the next three years (2003-05) as part of its medium term country assistance programme, making India by far the single largest borrowing country among its ... More PUBLIC SECTOR BANKS Indian Bank posts net profit after six years INDIAN Bank has reported a net profit of Rs 33.22 crore for 2001-02 - the bank's first net profit in six years. Last year, the Indian Bank had made a net loss of Rs 274 crore. For 2001-02, the bank's operating profit also grew to Rs 307.15 ... More ASSET MANAGEMENT COMPANIES Sun F&C aims at 100 pc growth this fiscal SUN F&C Asset Management Company has set a target of 100 per cent growth in the amount of fund under its management during the current financial year. The asset management company, which at present has a corpus of around Rs 800 crore plans to ... More EVENTS `State role in financial sector receding' THE state should gradually get out of the financial sector business, said Dr Rakesh Mohan, former advisor to the Union Finance Minister. The state had a very dominant role from the 1960s to the 1990s but now with the entry of increasing number ... More CO-OPERATIVES Urban co-op banks seek RBI nod to approach DRT URBAN co-operative banks have sought RBI permission to approach Debt Recovery Tribunal (DRT) for recovery of NPAs. The National Federation of Urban Co-operative Banks and Credit Societies Ltd (NAFCUB) has made a representation to the RBI that ... More ECONOMIC OFFENCES Probe into funds transfer by banks THE Enforcement Directorate under the Union Finance Ministry has started investigating the case of suspicious transfer of funds to the tune of Rs 336 crore from Mumbai through the various branches of four scheduled banks in the State. The banks ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back May. 12-May. 18 No book-building route for Canara Bank IPO `CAG audit failed to detect misuse of seamen fund' Maintaining interest rate on deposits: Detail investment plan to justify 9.5 pc, EPFO told RBI rules out change in G-sec trading norms RBI rapped for secrecy over wilful defaulters' list Registry for high-value financial deals proposed Citicorp Finance to take stake in 2 Shriram cos ATM spree: Street-corner banking is here to stay `Third-party claim losses unsustainable': Oriental Insurance dives for cover Home Trade bank accounts sealed |
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