Financial Daily from THE HINDU group of publications
Friday, May 31, 2002
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Financial Daily from THE HINDU group of publications Friday, May 31, 2002 |
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MONEY & BANKING ACCOUNTING STANDARDS New accounting norms optional for listed banks THE Reserve Bank of India has made it optional for banks to follow the new accounting standards, including segement reporting, for the year ended March 31, 2002. However, the RBI has made it clear that such a relaxation would be available to ... More FOREX Re closes weak; securities fall MUMBAI: THE rupee closed weaker at Rs 49 per dollar as against its previous close of 48.9750/98. However, some stray deals were said to be struck at 49.0050/49.01 after trading hours. Dealers said the domestic unit opened weak at 48.99 and ... More INFORMATION TECHNOLOGY 
Banking on technology to make the transitionTHE economic reforms that were kicked off by the P.V. Narasimha Rao-Manmohan Singh combine a decade ago have covered a broad range of sectors but none as emphatically as the banking sector. The sector has been witness to a whole lot of ... More INSURANCE Insurance venture taps Tata employees IT pays to be in the insurance business, especially if you have a large captive in-house market to tap. Tata AIG Insurance, the joint venture between the Tata group and American International Group (AIG) is a case in point as it has recently ... More HOUSING FINANCE CanFin Homes cuts rates CANFIN Homes Ltd has cut housing loan rates by 25-50 basis points for various repayment periods. From June 1 CFHL is offering loans for the 5-yr term at 10 per cent while loans above Rs 2 lakhs in the 6-10 yr period are at 11 per cent, while ... More
CREDIT RATING PRIVATE BANKS Tamilnad Mercantile Bank: Dreams on loan TAMILNAD Mercantile Bank Ltd (TMB), a customer-friendly, private sector bank in the country, has the distinction of extending sophisticated banking services to its clients for the past 80 years. The bank was established in 1921. Today, it has ... More PUBLIC SECTOR BANKS SBH: Lending a hand to development STATE Bank of Hyderabad (SBH), the largest associate of State Bank of India, was constituted as Hyderabad State Bank on August 8, 1941, under the Hyderabad State Bank Act, 1941. The bank started with the unique distinction of being the central ... More
FOREIGN BANKS ABN-Amro looking for scope to hedge in crude, metals ABN-AMRO Bank NV (India) is looking into opportunities in hedging in crude and metals in India. "Worldwide we are very big in these operations'', said its Executive Vice-President and Country Representative, Mr Romesh Sobti, here. "In India, the ... More CORPORATE BONDS Cabinet okays guarantee for APSFC bonds issue THE Andhra Pradesh Government has approved Rs 316 crore worth projects for the forthcoming seventeenth round of Mahila and Rythu Janmabhhoomi, cleared the amendment to the Panchayat Raj Act, and decided to extend Government guarantee for the ... More CO-OPERATIVES 
Facing co-operative competitionTHE Agrasen Co-operative Urban Bank Ltd is one of the successful co-operative banks in the twin cities of Hyderabad and Secunderabad. Established in August 1998, the bank has been serving the predominantly business community of the Agarwals. ... More
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Top Stories In Depth Gender Justice Simple Economics Guide to derivatives Looking back May. 19-May. 25 Forex reserves up $92 m at $55.71 b RBI bans physical deals with brokers LIC agent, a millionaire? Indian Bank posts net profit after six years SBI may announce second VRS |
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