Financial Daily from THE HINDU group of publications
Saturday, April 23, 2005
Financial Daily from THE HINDU group of publications Saturday, April 23, 2005 |
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MONEY & BANKING OVERSEAS BORROWINGS Corporation Bank plans to raise $100-m loan CORPORATION Bank plans to raise a one-year foreign syndicated loan of $100 million in the coming weeks, a bank official said on Thursday. Citibank has been appointed as the sole arranger for the deal, Corporation Bank's General Manager, Mr M. ... More FINANCIAL PERFORMANCE Bharat Overseas net drops in 2004-05 BHARAT Overseas Bank has reported a net profit of Rs 20.05 crore for 2004-05 compared with Rs 35.08 crore in the previous year. The fall was because of two factors. First, `other income' (mainly realisation from sale of securities) fell to Rs ... More NBFCS Permit NBFCs to go in for ECBs: Assocham THE Associated Chambers of Commerce and Industry has asked the Government to permit non-banking financial companies to going in for external commercial borrowings (ECBs), on lines of the facility provided to non-governmental organisations. ... More LIFE INSURANCE Private life insurers yet to break even WOULD you enter a business where all the new entrants are making losses? Not likely. Yet this is the scenario in the life insurance industry, where more players seem willing to jump in. According to Mr Graham Morris, Director of Watson Wyatt, ... More DEBT MARKET PDs have little to complain about Ahead of the current proposal, the RBI should switch on the screen-based order trading system with a firm date provided in the April 28 Credit Policy. If the NSE can run the screen for equities, there is no reason why debt deals not be done on the sc reen. More PRIVATE BANKS Dhanalakshmi Bank panel to explore ways to hike capital DHANALASKHMI Bank has set up a task force, consisting its board members, to advise on all options and avenues available to hike capital base. The bank plans to increase capital to meet the Basel-II norms and other requirements. "With a ... More GOVT BONDS States' borrowing costs set to rise REVENUE deficits for most State Governments are likely to come under pressure as a result of rising borrowing costs for most of them. This trend was evident from the wide spreads of Kerala Government's Rs 300-crore borrowings during the week. ... More CREDIT MARKET RBI directive on self-employment ventures THE Reserve Bank of India has directed banks that 90 per cent of the self-employment ventures under the Prime Minister Rozgar Yojana should be sanctioned and 75 per cent should be disbursed by the end of 2005. The Central government has set a ... More CREDIT CARDS & DEBIT CARDS Citibank, MTV launch co-branded debit card CITIBANK has tied up with MTV to launch a co-branded debit card. This card offers benefits to customers at select outlets, which are branded as the MTV Citibank club, said a press release from the bank. This is the second co-branded card from ... More EVENTS A Coin has two sides! More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment China's revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
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Looking back Apr. 10-Apr. 16 Forex reserves rise by $297 m Bank unions to take merger battle to people Pvt bankers see rich harvest in agri credit ICICI Group forays into realty — Arm sets up dedicated fund; partners Tishman Speyer OBC recovers part of Global Trust NPAs IDBI to raise Rs 10,000 cr via bonds |
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