Financial Daily from THE HINDU group of publications
Thursday, January 27, 2005
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Financial Daily from THE HINDU group of publications Thursday, January 27, 2005 |
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MONEY & BANKING INSIGHT Widening US trade, budget deficits begin to hurt — Dollar losing favour with most central banks In recent months the US has become more dependent on few central banks rather than on millions of foreign investors to finance its trade and revenue deficits as the latest statistics reveal that 83 per cent of the US deficit is financed by foreign ce ntral banks. More FOREX Too many dollars? Easy come, easy go WHEN large foreign exchange inflows come in too fast, the Reserve Bank of India steps in to buy the surplus in order to avoid jerks in the rate of exchange. This requires an injection of rupees into the market in lieu of the amount of foreign ... More
INFORMATION TECHNOLOGY 
Vijaya Bank to network 80 pc of biz by next fiscalTHE public sector Vijaya Bank has targeted to bring 400 of its branches under core banking solutions network by the end of next financial year. This will cover nearly 80 per cent of the bank's total business. Already, 35 branches have been ... More HOUSING FINANCE AP asks banks to cut interest rates on loans under housing scheme THE Andhra Pradesh Government on Wednesday urged the bankers to further reduce the interest rate by 100 basis points for the loans on mass housing initiatives taken up under `Rajiv Gruhakalpa' programme. At the State-Level Bankers' Committee ... More CONSUMER FINANCE Vijaya Bank loan to buy TAFE tractors CHENNAI: Vijaya Bank has signed an agreement with Tractors and Farm Equipment (TAFE), a part of the Chennai-based Amalgamations Group, to enable farmers to buy tractors on softer terms. According to a Vijaya Bank press release, the bank ... More LIFE INSURANCE LIC South zone settles 268 tsunami claims FOLLOWING the tsunami that struck the east coast in December 26, 2004, the Life Insurance Corporation of India's south zone offices that include Tamil Nadu, Kerala and Pondicherry settled 268 claims amounting to Rs 2.38 crore, according to the ... More RBI & OTHER CENTRAL BANKS RBI report highlights States' fiscal slippages BEING the banker and debt manager to the State Governments, the Reserve Bank of India has deemed it fit to draw attention to the persistence of "weaknesses in State Government finances," stating that "fiscal empowerment holds the key to enduring ... More PRIVATE BANKS HDFC Bank allots additional ADS HDFC Bank Ltd has informed the Bombay Stock Exchange that the greenshoe option in respect of the issue of American Depository Shares (ADS) has been exercised by the underwriter for allotment of additional 9,96,700 ADS at $39.26 per ADS. The ... More CREDIT MARKET SBBJ hopes to grow retail lending by 65% STATE Bank of Bikaner & Jaipur (SBBJ) hopes to post 65 per cent growth in retail lending by the end of the current fiscal. Mr K.R. Srikantan, Managing Director,told newspersons here that till December, the growth was 60 per cent. In 2003-04, the More MERGERS & ACQUISITIONS CPI (M) against consolidation CPI (M) Polit Bureau Member Mr Sitaram Yechury has said that his party is opposed to the merger of banks. It will give its opinion to the Government on matters related to banking sector consolidation on February 1. Addressing presspersons ... More
PSBs merger plan on a sticky wicket — Left parties, unions in no mood to relent CO-OPERATIVES Aurangabad co-op depositors' claims to be settled THE Reserve Bank of India has said that depositors of the Aurangabad Peoples' Cooperative Bank, Maharashtra, are eligible to get their claims up to Rs 1 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC). The central bank ... More RIGHTS ISSUE LVB board meet to finalise rights issue THE board of directors of Lakshmi Vilas Bank Ltd (LVB) would meet on Friday to finalise the terms of proposed rights issue, the bank said in a statement here on Wednesday. The Karur-based private bank, having an equity base of Rs 11.51 crore, ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Jan. 16-Jan. 22 Forex reserves decline $2 b on revaluation of currencies FCI to float bonds to raise Rs 1,000 cr NHB to launch housing index Market participants upbeat on banking stocks Tough laws a cover for poor supervision? IDBI, Bank share swap ratio fixed at 100:142 With increase in credit offtake — PSBs not keen to return capital to Govt |
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