Financial Daily from THE HINDU group of publications
Friday, August 09, 2002
| Forex Rates Aug. 8 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, August 09, 2002 |
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MONEY & BANKING REGIONAL RURAL BANKS North Malabar Gramin cuts rates KOCHI: The Kannur-based North Malabar Gramin Bank has cut interest rates on priority sector advances to 12.5 per cent for amounts up to Rs 2 lakh. Jewellery loans will henceforth command an interest rate of 12 per cent for amounts up to ... More FOREX Rupee stable; gilts down Mumbai: THE rupee closed steady on Thursday at 48.65/66 against the dollar as compared to Wednesday's close of 48.66/6650 in a fairly dull forex market. Forex dealers contend that dollar demand and supplies remained evenly matched for most of ... More NBFCS Partners lost faith in Kale: Ferguson AUDIT firm A.F. Ferguson and Co (AFF) today said that all the partners of the firm had "lost faith'' in Mr Y.M. Kale after an internal inquiry threw light on a "number of issues relating to Mr Kale's past conduct''. Mr Kale, who resigned from ... More
ICAI seeks DCA advice on probe CREDIT RATING PRIVATE BANKS Bill payment through the Net HYDERABAD: Centurion Bank has tied up with e-seva, the Andhra Pradesh Government IT-enabled services centre to enable the bank's customers pay their regular utility bills through the Internet. The Bank has firmed up arrangements with ... More PUBLIC SECTOR BANKS `50 pc Union Bank IPO for retail investors' THE Union Bank, which proposes to pick up Rs 288 crore from the capital market through its initial public offering, has decided that 50 per cent of the offering would be reserved for retail investors, defined as those who apply for less than ... More FOREIGN BANKS Impasse over Bank of Tokyo branch closure continues THE conciliation meeting, which the Regional Labour Commissioner (Central) called on Thursday to resolve the impasse created over the sudden closure of the local branch of the Bank of Tokyo-Mitsubishi was inconclusive. Mr S. Yonekura, Regional ... More GOVT BONDS No investment limits on new tax-free bonds THE Government has decided not to fix an annual investment limit on the new seven per cent tax-free bonds announced by the Finance Minister, Mr Jaswant Singh, in a bid to restore the feel good factor and bolster savings. These bonds will be ... More NON-PERFORMING ASSETS Holiday Inn, Pune auction put off to August 19 THE auction of Holiday Inn, Pune, has been adjourned to August 19. It was previously scheduled to take place on August 7. According to IndusInd Bank, which had filed a recovery suit against Ram Laxman Hotels (Pvt) Ltd at the Debts Recovery ... More EVENTS 
Nanyadarshini 2002Coins and currencies displayed at "Nanyadarshini - 2002", an exhibition organised by the Karnataka Numismatics Society in Bangalore on Thursday. |