Financial Daily from THE HINDU group of publications
Thursday, March 17, 2005
Financial Daily from THE HINDU group of publications Thursday, March 17, 2005 |
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MONEY & BANKING OVERSEAS BORROWINGS UTI Bank raises $239 m via GDRs UTI Bank has raised $239.30 million through the issue of 40.49 million Global Depository Receipts. The money thus raised will be used for the bank's growth in the next two to three years and also to augment the Capital Adequacy Ratio, Dr P.J. ... More FINANCIAL SERVICES `Banks need not be primary dealers' The current distinction between banks and primary dealers will hopefully disappear, as primary dealers (PDs) do not have large balance sheets to play a major role in the Government securities market, according to Dr R.H. Patil, Chairman, ... More
FOREX Rupee tad lower; bond prices fall MUMBAI: The rupee ended at 43.62/63 against the US dollar on Wednesday, marginally lower than Tuesday's close of 43.5850. Dealers said the rupee, which opened at 43.61, did not see much movement. The rupee went down to 43.64/65 before ... More INFORMATION TECHNOLOGY SVC Bank launches real time money remittance system SHAMRAO Vithal Co-operative Bank Ltd (SVC Bank) has introduced `straight through processing (STP)' technology at all its branches, whereby, customers can remit money to anyone at any bank branch in the country. The STP technology is a part of ... More NBFCS 
NBFCs discuss growth issues with RBIMEMBERS of the Finance Industry Development Council (FIDC) on Wednesday met the Governor of RBI, Dr Y.V. Reddy, and briefed him about the problems facing the non-banking finance companies. Among those present in the meeting were Mr Mahesh ... More GENERAL INSURANCE DICGC to hike deposit cover premium THE Deposit Insurance and Credit Guarantee Corporation (DICGC) has decided to raise the deposit insurance premium to 10 paise per Rs 100 from 5 paise per Rs 100 of assessable deposit per annum. The premium will be raised in a phased manner over ... More CREDIT RATING ICRA retains `MA' rating of Magfil ICRA has retained the `MA' rating assigned to the fixed deposit programme of Manappuram General Finance and Leasing Ltd (Magfil). The rating adequates credit quality. Magfil is a Kerala-based company, which is into financing of vehicles and ... More PRIVATE BANKS Yes Bank to offer 7 crore shares through IPO YES Bank filed its red herring prospectus with SEBI to enter the capital market with a public issue of seven crore equity shares on Wednesday. The price of the shares having a face value of Rs 10 will be fixed through the book-building ... More GOVT BONDS States seek interest waiver on bonds — Bankers in a fix over threat to default on payments STATES have begun pressuring banks for interest waivers on privately placed bonds supported by sub-sovereign guarantees. Banking sources said that some of the States have even threatened to default on payments, if the bankers refuse to oblige ... More CREDIT MARKET ICICI Bank micro credit disbursements treble ICICI Bank's foray into micro-credit seems to be paying off, as the bank's disbursements have nearly trebled to Rs 702 crore so far this year. Last year, the bank disbursed Rs 245 crore. Sanctions this year amounted to Rs 916.50 crore compared ... More CREDIT CARDS & DEBIT CARDS Banks offer more value for money with co-branded cards BANKS are offering co-branded cards that are tailored to meet spending patterns and lifestyle of their customers. Benefits from these cards range from earning frequent flyer miles and free talktime, to a waiver of fuel surcharge and gift ... More
SBI launches social card CUSTOMER RELATIONSHIP MANAGEMENT 
Heat of loss caused by `cooling-off' periodM. S. Parthasarathy on a case of customer discontent arising from bank's delay in collecting foreign currency cheques 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 BHEL Disinvestment The Yuan Revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Mar. 6-Mar. 12 Bank credit up by Rs 5,461 cr Chidambaram says no to withdrawal of service tax on forex payments Bankers not happy over diktat on farm credit Market stabilisation scheme may cost Centre Rs 3,000 cr this year Reality check on interest rates Insurers feel the heat of `fire' claims Insurance sector faces high rate of attrition Financiers upbeat on used car loans PSU insurers liquidate equity investments |
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