Financial Daily from THE HINDU group of publications
Tuesday, April 26, 2005
Financial Daily from THE HINDU group of publications Tuesday, April 26, 2005 |
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MONEY & BANKING FOREX Rupee firmer; bond prices fall MUMBAI: The rupee strengthened to end at 43.7050 against the greenback on Monday. It had closed at 43.75/7525 on Thursday. Dealers said the rupee strengthened on heavy dollar selling following the long week-end. The rupee is expected ... More INFORMATION TECHNOLOGY KSFE sets aside Rs 30 cr for computerisation KERALA State Financial Enterprises Ltd (KSFE), a State-owned non-banking financial institution, plans to invest Rs 30 crore over the next two fiscal years in computerising its operations as it gears up to face intense competition from ... More SOFTWARE i-flex tool for BMO Group BANGALORE: i-flex Solutions said on Monday that BMO Financial Group that operates in the North American region has selected its Reveleus Basel II Solution. T The solution will provide BMO with a complete set of rules, computation ... More GENERAL INSURANCE Wage revision in PSU insurers put on hold WAGE increases for the public sector general insurance companies have been put on hold for this year as well, with the Government making pay hikes conditional on compliance to Section 40 C of the Insurance Act of 1938. Section 40C of the ... More RBI & OTHER CENTRAL BANKS Micro financing — NGOs can raise ECB up to $5 m THE Reserve Bank of India (RBI) has allowed non-government organisations (NGOs) involved in micro-finance activities, to go in for external commercial borrowings up to $5 million under the automatic route. In order to be eligible for ECB, the ... More PRIVATE BANKS `Specialised branches on the way out' THE advent of broad-spectrum banking channels is revolutionising the banking industry and specialised branch banking of yesteryears is becoming increasingly irrelevant, said Mr K.S. Harshan, Executive Director of Federal Bank. Reflecting the ... More PUBLIC SECTOR BANKS Andhra Bank part-time director's term ends HYDERABAD: Andhra Bank has informed the stock exchanges that the term of its director, Mr Kasu Sudhakar, Chartered Accountant, has expired on April 23. The Union Ministry of Finance had appointed him as part time non-official director ... More
CREDIT MARKET 
Banks in AP surpass credit targetsTHE State Level Bankers' Committee (SLBC) of Andhra Pradesh, lead by Andhra Bank, has surpassed all the targets of its annual credit plan for the first time in several years. Disclosing this here on Monday, the SLBC President and Andhra Bank ... More
Exim Bank loan disbursement up 64% in 2004-05 CREDIT CARDS & DEBIT CARDS RBI moots self-regulatory body for card issuing banks A RESERVE Bank of India working group on regulatory mechanism for cards has recommended that card issuing banks should consider setting up a self regulatory body on the lines of Indian Banks' Association , Foreign Income Money Market and ... More FIXED DEPOSITS 
Dena Bank raises term deposit ratesDENA Bank has increased its interest rates on domestic term deposits with effect from Tuesday, said a press release from the bank. The increase of 25 to 50 basis points will be in four maturities. This increase will be effective for ... More TRENDS `Average earner is risk averse' The data survey may help PFRDA in finalising the contours of a new pension scheme for the informal sector. About 40,800 households from different parts of the country comprised the sample for the survey. More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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In Depth Gender Justice Simple Economics Tax Talk
Looking back Apr. 17-Apr. 23 Bank credit rises by Rs 49,610 cr Forex reserves rise by $253 million Banks offering new schemes to lure women depositors RBI move has primary dealers in a cleft stick PSB mergers: Facilitating amendments to Acts likely Software czars, economists and other animals Bank deposits losing favour with NRIs Private life insurers yet to break even |
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