Financial Daily from THE HINDU group of publications
Thursday, January 02, 2003
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Financial Daily from THE HINDU group of publications Thursday, January 02, 2003 |
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MONEY & BANKING FINANCIAL SERVICES India Insure gets broking licence INDIA Insure Risk Management Services Pvt Ltd, specialising in insurance services, has said that it has received in-principle approval from the Insurance Regulatory and Development Authority (IRDA) for setting up operations as an insurance ... More FOREX Re edges down; gilts rise Mumbai: THE rupee ended on Wednesday at 47.99/48.00 against the dollar after a `quiet day' in the forex market. The rupee has lost 2 paise as compared to Tuesday's close of 47.9700/9750. The supply of the greenback was seen to be fully sucked ... More MANPOWER 
Over 180 Corpn Bank officers opt for VRSOVER 180 officers of Corporation Bank have opted for the bank's first voluntary retirement scheme. When most other public sector banks had offered a VRS about two years ago, Corporation Bank did not go for it. "We wanted to assess the number of ... More HOUSING FINANCE LIC Housing Fin launches project for elderly LIC Housing Finance Ltd has launched its latest venture `LIC HFL Care Homes' whereby residential complexes will be built especially to cater to the needs and comforts of the senior citizens. The first Care Homes project is being developed at ... More CREDIT RATING Ramco Systems issue gets `A1+' ICRA has assigned an A1+ (SO) (structured obligation) rating to the proposed Rs 25-crore short-term debt programme of Ramco Systems Ltd (RSL), indicating highest safety in the short-term. A statement issued by the rating agency said that the ... More
`High rating' for Sandvik NCD PRIVATE BANKS ICICI Bank to retail bonds for Rs 400 cr ICICI Bank is planning to open a retail issue of bonds, including a tax-saver infrastructure instrument, for about Rs 400 crore on January 6. The bank, the first commercial bank in the country to issue unsecured bonds in the retail market, ... More PUBLIC SECTOR BANKS PNB set to finalise insurance partner STATE-owned Punjab National Bank is likely to finalise its insurance partner by the middle of February, the Chairman and Managing Director, Mr S.S. Kohli, has said. The venture is likely to take off in four months, he added. The lookout for a ... More
UBI to beef up `anywhere, anytime' FOREIGN BANKS SE Asia's NBFC proposal rejected THE Government has declined permission to South East Asia Bank to establish a wholly-owned non-banking finance company (NBFC) in India with a proposed capital investment of Rs 250 crore. The bank had recently sought approval from the Foreign ... More NON-PERFORMING ASSETS Wilful defaulters face penal charges on dues PUBLIC sector banks have decided to recover penal charges on overdues on loan accounts categorised as wilful defaulters. Banking sources said, "There is no question of waiver of any penal charges. The waiver days are over." However, in some ... More NEW PRODUCTS & SERVICES BoI launches mobile ATM in Mumbai BANK of India (BoI) has added another delivery channel for branch-less banking with the launch of its mobile ATM here today. The ATM on wheels would touch specific locations in South Mumbai according to a preset schedule, according to a press ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Inside China Stock scam unravelling Petrol pump controversy Kelkar Report Reliance & Telecom Competition 2002: A drought year In Depth Gender Justice Simple Economics India Interior Consumer Notes Looking back Dec. 22-Dec. 28 One more cautious step towards convertibility Hobson's choice for the Reserve Bank SBI plans treasury group synergy Despite claims, RIDF is a flop Life insurers bet on term plans Jalan optimistic about achieving 8 pc growth |
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