Financial Daily from THE HINDU group of publications
Friday, April 18, 2003
Forex Rates April 17 (4.30 p.m. IST)
1 PoundRs 74.63
1 EuroRs 57.62
1 USDRs 47.30
100 YenRs 39.66
1 Sing $Rs 26.75

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MONEY & BANKING

FARM CREDIT


Syndicate Bank sees hit from farm loans
OWING to the setback in the agricultural sector across the country in general and in States such as Andhra Pradesh and Karnataka in particular, Syndicate Bank, the Manipal-based Rs 44,000-crore premier public sector bank, foresees the possibility ... More

FINANCIAL SERVICES


Karnataka postal dept to promote money transfer facilities
On an all-India basis, Karnataka clocks fourth in terms of inbound transfers from other countries. More

FOREX


Rupee steady; bonds listless
Mumbai: THE rupee closed steady at 47.35/3550 against the dollar in a thin forex market on Thursday. Dealers said the market was still in the `holiday mode' and active trading would begin only next week. The domestic currency opened the day ... More

LIFE INSURANCE


Smile please, this is an insurance ad
DESPITE growing ad spends, the insurance sector has largely stuck to images of happy families, carefree couples and cute babies. But at least two players in life insurance - Tata-AIG and Allianz-Bajaj - have bucked the trend and are taking ... More

PRIVATE BANKS


Bhagwati to probe withdrawals, says ICICI Bank
ICICI Bank has appointed a one - man committee to inquire into the origin of the recent spate of heavy withdrawals experienced by it in Gujarat and Mumbai. According to the bank, former Chief Justice of India, Mr Justice P.N. Bhagwati, has ... More

ICICI Bank events show `fragile' environment: Moody's
INTERNATIONAL credit rating agency, Moody's Investors Service (Moody's), has said that the minor run on ICICI Bank during April 11-13 exposed the "fragile" nature of the country's operating environment and described the situation as "worrying". ... More

PUBLIC SECTOR BANKS


  • Award for Karnataka Bank CEO

    NON-PERFORMING ASSETS


    Early detection helps SBI cut NPAs by Rs 1,500 cr
    STATE Bank of India has reduced its net NPAs by more than Rs 1,500 crore in the fiscal ended March 31, 2003. Bank officials said this was a significant achievement compared with the previous year when the drop in net NPA was only Rs 600 crore. ... More
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    Motive forces for a new business model

    Early detection helps SBI cut NPAs by Rs 1,500 cr

    ISD grey market thriving unhindered

    Escap sees scope for 7% GDP growth

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    In Focus
    Run-up to Budget
    Kelkar Report
    Bottled water: How safe is it?
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    Housing Fin. rate war: Bonanza for consumers!
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collections
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Railway Budget
    Budget 2003-04
    Books and Reviews
    Looking back
    Apr. 6-Apr. 12
    Loan conversion into shares — Banks get more leeway against defaulters

    Credit limit for overseas ventures hiked

    Why banks are averse to lending rate cut

    LIC leads; others way behind

    Big names lining up for pension pie

    SBI clocks 50 pc growth in housing loan portfolio — Outstanding at Rs 11,729 cr as on Feb


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