Financial Daily from THE HINDU group of publications
Friday, January 10, 2003
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Financial Daily from THE HINDU group of publications Friday, January 10, 2003 |
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MONEY & BANKING FINANCIAL SERVICES PNB Gilts net up 9 pc in 9 months PNB GILTS Ltd has registered a net profit of Rs 91.31 crore for the nine months ended December 31, 2002, a 9 per cent rise over the Rs 83.62 crore net for the corresponding period in the previous year. The company has declared an interim dividend ... More FOREX Rupee up; gilts decline Mumbai: THE rupee ended on Thursday higher by three and a half paise at 47.9350/94 as compared to Wednesday's close of 47.97/98 in the forex market. Comparable levels had been witnessed on December 30, 2002 when the rupee ended at 47.9350/9450 ... More STOCKS NSE cautions members on trading in GTB shares THE National Stock Exchange (NSE) has cautioned its members while dealing in the shares of Global Trust Bank (GTB), keeping in view the latest directives of the market regulator. The Securities and Exchange Board of India (SEBI), which was ... More NBFCS RBI asks small NBFCs to shut shop NON-BANKING finance companies (NBFCs) with net owned funds of less than Rs 25 lakh as on January 9, 2003, must stop carrying on business with immediate effect, the Reserve Bank of India announced today. Contravention of this RBI directive will ... More LIFE INSURANCE SBI Life withdraws assured return plan SBI Life Insurance has withdrawn Sukhjeevan Pratham, its short-term single premium insurance bond that provided a guaranteed return in line with prevailing market rates. Explaining the reason for the withdrawal, Mr S. Muralidharan, Chief ... More
HDFC Standard to launch more products
OM Kotak expects five-fold increase in premium income
Co-ops urged to insure kisan card holders GENERAL INSURANCE Govt to float crop insurance co IN a first of its kind move, aimed at providing crop insurance to farmers across the country on a sustainable basis, the Government has initiated measures to create a national agency that would evolve an integrated risk management package ... More
Demand for higher commission — Agents threaten to boycott United India Assurance
United India loses appeal in accident case CREDIT RATING `MAAA(SO)' for ICICI Bank PTC MUMBAI: ICRA has assigned a conditional rating of `MAAA (SO)' to the Rs 143.32 crore pass through certificates (PTCs) of ICICI Bank issued by Secured Loan Receivables Securitisation Trust (Series III). The PTCs are backed by car and ... More RBI & OTHER CENTRAL BANKS RBI holds talks with Finance Secretaries THE Reserve Bank of India today met the Finance Secretaries of all States to discuss critical issues concerning State finances. A central bank spokesperson described the meeting as routine. Discussions were held and views exchanged on the ... More PRIVATE BANKS ICICI Bank starts advisory service for NRIs ICICI Bank has started an advisory service for non-resident Indians, called `NRI Advisory Services.' The service launched in New York and London, will be extended to Toronto, Dubai and Singapore, after receiving requisite approvals, said a ... More PUBLIC SECTOR BANKS SBI to introduce single-window system soon TAKING cue from the new generation private sector banks, State Bank of India is contemplating to introduce the `single window' concept (in select branches) from January 15. Eight branches across the four modules in Chennai circle have been ... More
INTEREST RATES SBI lowers deposit rates STATE Bank of India has lowered interest rates on domestic term deposits by 25 basis points in some maturities effective January 13. The new rates on deposits with a maturity of one year to less than two years has been reduced to 5.75 per cent ... More
Andhra Bank cuts rates on deposits
SBT cuts FCNR deposit rates NON-PERFORMING ASSETS CSB issues 150 notices to defaulters CATHOLIC Syrian Bank has issued 150 notices to various defaulters involving an amount of Rs 32 crore. Most of the defaulting borrowers who were served the 60-day notice have responded positively and have forward for compromise settlement, a fax ... More
Allahabad Bank AP circle gets tough on defaulters CREDIT CARDS & DEBIT CARDS HDFC Bank launches credit card with e-Seva HDFC Bank has launched a co-branded credit card with e-Seva, a popular e-governance initiative from the Government of Andhra Pradesh, here on Thursday. e-Seva is a one-stop point for services of various State and Central government departments ... More TRADE & LABOUR UNIONS SBI VRS optees call on Jaswant HYDERABAD: A delegation of All India State Bank of India (SBI) VRS Optee Officers Welfare Association called upon the Union Finance Minister, Mr Jaswant Singh, here on Wednesday and requested him for justice to around 10,000 officers of ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Focus Inside China Stock scam unravelling Petrol pump controversy Kelkar Report Reliance & Telecom Competition 2002: A drought year Gold: Still the winner? Oil PSUs: Disinvestment dilemma In Depth Gender Justice Simple Economics India Interior Consumer Notes Looking back Dec. 29-Jan. 4 Mediclaim premiums to be hiked 6 pc Are banks jettisoning the basics? Wilful defaulters face penal charges on dues Using the long arm of the law |
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