Financial Daily from THE HINDU group of publications
Wednesday, June 05, 2002
| Forex Rates June 4 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, June 05, 2002 |
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MONEY & BANKING ECONOMY Global economy may get fillip from US growth The portents are good in the US, Japan and Europe. Japan is at last looking set to move into positive growth territory. US data has been uniformly good for several weeks and Euroland is now following suit, albeit not so strongly. The latter's ... More FOREX Rupee firm; gilts decline Mumbai: THE rupee closed on Tuesday similar to its previous levels at 49.04/0450 against the dollar in a volatile forex market. Forex dealers said, the rupee was moving primarily due to corporate demand for dollars in an otherwise cautious ... More INSURANCE Zurich Financial looking for new insurance partner SWISS major Zurich Financial is on the hunt for a suitable partner for its foray into insurance business following the Reserve Bank of India shooting down the proposed three-party venture with DCM Shriram Group, Vijaya Bank and Punjab National ... More LIFE INSURANCE ICICI Prudential to widen capital base by Rs 40 cr ICICI Prudential Life Insurance Company Ltd has decided to increase its capital base of Rs 190 crore by another Rs 40 crore within the next two months. According to Mr Saugata Gupta, Chief of Marketing of ICICI Prudential, the company had also ... More GENERAL INSURANCE Raichur Unit 5 insurance cover -- United India seeks redressal from tariff advisory panel THE public sector United India Insurance Company Ltd (UIICL) has moved the Tariff Advisory Committee (TAC) over violations in tariff guidelines in the award of insurance cover for Unit 5 of the 210 MW Raichur Thermal Power Station (RTPS). The ... More CREDIT RATING RBI & OTHER CENTRAL BANKS RBI ropes in SEBI to tackle rogue borrowers -- Redefines `wilful default' TO deal with the persistent problem of rogue borrowers, the Reserve Bank of India today redefined the term "wilful default'' and issued comprehensive guidelines to be followed by banks and financial institutions. The central bank will ... More PUBLIC SECTOR BANKS 
Bank of Baroda net profit up 99 pc at Rs 546 crBANK of Baroda (BoB) has declared a net profit of Rs 545.93 crore for 2001-02, a 98.8 per cent rise over the previous year's net of Rs 274.66 crore. The gross profit rose by 26.3 per cent to Rs 1,309.26 crore from Rs 1,036.47 crore. Addressing ... More
Andhra Bank to open more rural focus institutes
GOVT BONDS INTERVIEW 
APSFC eyes universal bankingIn the last few years, the Corporation has brought down the NPAs to about 40 per cent from 61 per cent. The infusion of professionals with experience on the board has further helped in the turnaround according to the Chairman of APSFC, Mr M. Gopalakr ishna. More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Guide to derivatives Looking back May. 26-Jun. 1 Variety marks banks' application of AS-17 ICICI gets into BPO, invests Rs 200 cr Forex reserves dip $139 m after eight-month rise Oriental Insurance officers' plea on transfers rejected Confidence in strong global recovery waning, says BIS Public sector bank profits show 100 pc growth |
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