Financial Daily from THE HINDU group of publications
Saturday, June 15, 2002
| Forex Rates June 14 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Saturday, June 15, 2002 |
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MONEY & BANKING OVERSEAS BORROWINGS IDBI raises 5-yr $75-m term loan INDUSTRIAL Development Bank of India (IDBI) has raised a five-year (bullet repayment), $75-million syndicated term loan at 90 basis points above Libor. A top IDBI official said the rate was one of the best in the current market conditions. He ... More FOREX Rupee stable; gilts up Mumbai: THE rupee closed on Friday at 49/49.005 as against Thursday's close of 49.01/0150 in the forex market. After opening the day at 49.0150/0250, the rupee slipped to an intra-day low of 49.04. "Importer demand for the greenbacks late on ... More
Karnataka Bank reviews forex operations SOFTWARE NBFCS 
To make defaulting cos repay deposits -- Police want powers to auction seized propertyTHOUGH it is not the job of the police to make defaulting finance companies return the deposits placed with them, the Tamil Nadu police has been playing a proactive role, resulting in the refund of about Rs 389 crore to nearly 6.75 lakh ... More
Nidhis told to attach balance sheet in application forms LIFE INSURANCE RBI & OTHER CENTRAL BANKS More teeth for RBI ombudsman scheme The new Banking Ombudsman Scheme, 2002 will now cover all regional rural banks in addition to all commercial banks and scheduled primary co-operative banks. More
SSI branches can undertake general banking: RBI PRIVATE BANKS ICICI Bank seeks a/c of State PSUs -- Offers to collect taxes for TN Govt THE ICICI Bank is hoping to increase its level of activity with various State Governments. As a first step, it is trying to convince the States that the Government undertakings should bank with it, and not just confine themselves to accessing ... More PUBLIC SECTOR BANKS FINANCIAL INSTITUTIONS McKinsey rules out merger for IFCI revival RULING out the need for an outright merger with another institutions, McKinsey & Co has suggested that IFCI Ltd be revived as a stand-alone entity. McKinsey submitted its report to IFCI today. "I cannot divulge the details at this stage. But ... More NON-PERFORMING ASSETS Credit Info Bureau set to widen coverage "Information on all suit filed accounts is in public domain. The proposal is to extend the coverage of accounts as there is no prior consent of the customers required in these cases'', said Mr Iyer. More FIXED DEPOSITS KPFC to launch fixed deposit scheme in July KERALA Power Finance Corporation (KPFC) is set to launch a fixed deposit scheme in the first week of July. The company will mobilise deposits from the public, trusts and charitable institutions. The State Government has extended a guarantee ... More OUTLOOK BoB eastern zone eyes 30 pc growth THE Bank of Baroda in eastern zone, covering West Bengal, Sikkim and the five north-eastern States, namely, Assam, Meghalaya, Manipur, Tripura and Nagaland, has set a target of 30 per cent growth in profit for 2002-03 compared to 8.86 per cent ... More
UBI sets Rs 160-cr profit target -- Sheds `weak bank' tag PERFORMANCE Jalan happy with PSB performance THE Reserve Bank Governor, Dr Bimal Jalan, today expressed satisfaction at the performance of public sector banks. Talking to reporters after a meeting with the Union Finance Minister, Mr Yashwant Sinha, to review the performance of public ... 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 Jun. 2-Jun. 8 Dena Bank turns around; nets Rs 11.36 cr RBI ropes in SEBI to tackle rogue borrowers -- Redefines `wilful default' Steps to check money laundering Projects facing time overruns must be treated as NPAs: RBI Central Bank net up at Rs 163.3 cr -- Plans Rs 300-cr IPO this fiscal West coast ports are `unsafe destinations' -- Insurers impose war-risk premium on foreign ships KVB bonus, rights issues in July Indian promoters of pvt banks can hold 49 pc BoI to cut 5,000 more jobs -- Second VRS in another 3 months |
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