Financial Daily from THE HINDU group of publications
Wednesday, June 01, 2005
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Financial Daily from THE HINDU group of publications Wednesday, June 01, 2005 |
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MONEY & BANKING FOREX Rupee weakens to close at 6-week low MUMBAI: Strong month-end demand for the US currency and the weakening of other foreign currencies against the dollar drove the rupee down to a six-week low on Tuesday. The rupee ended trade at 43.76/77 against Monday's close of 43.59/60. ... More INFORMATION TECHNOLOGY New Union Bank ATM in Thiruvananthapuram THIRUVANANTHAPURAM: Union Bank of India opened an ATM-cum-information kiosk at the premises of KIMS Hospital in the suburbs of the city on Friday. Mr Rathnakar Hegde, Executive Director of the bank, inaugurated the facility, the 14th in ... More INSURANCE Insurers prefer corporate agency tie-ups to referrals BANCASSURANCE is poised for big growth as insurance companies prefer corporate agency tie-ups with banks, as against referral arrangements. According to Mr S. Muralidharan, Chief Sales Officer, SBI Life Insurance, corporate agency contracts ... More FINANCIAL PERFORMANCE Mangala Credit Co-op nets Rs 50-lakh profit THE Mangala Credit Co-operative Society, Mangalore, recorded a profit of Rs 50 lakh during 2004-05, according to its President, Mr Annayya Sherigar. Addressing newspersons here on Tuesday, he said that the board of the directors of the society ... More GENERAL INSURANCE 
Oriental Insurance sends signals to staff on efficiencyPUBLIC sector insurance companies have begun shedding stereotype images. Changes now pushed through by the top management of Oriental Insurance Company Ltd (OICL) are an evidence of it becoming a demanding employer and more customer-friendly. ... More SMALL SAVINGS HC annuls part of Kerala Chitties Act A DIVISION Bench of the Kerala High Court on Tuesday declared void Section 4(1)(a) of the Kerala Chitties Act, which required chit fund companies operating outside the State to open their branches and obtain sanction from the Government before ... More FINANCIAL MARKETS Cash market no less risky than derivatives! THE derivatives market seems to be exercising the RBI — and rightly so since derivative products have been responsible for quite a few bank and corporate disasters — remember Nick Leeson and the downfall of Barings Bank. Warren ... More DEBT MARKET Bonds up on buying support BOND prices moved up by around 15-30 paise in the government securities market on Tuesday on buying support as prices of crude oil eased and US yields moved down. However, volumes were low ahead of the auction, said dealers. A dealer at a ... More PUBLIC SECTOR BANKS CanBank(Kerala) GM demits office THIRUVANANTHAPURAM: Mr G. Umesh Shenoy demitted office on Tuesday as General Manager, Canara Bank, Kerala Circle, bringing to an end a career spanning 35 years. Mr Shenoy, who headed the Kerala operations of Canara Bank for more than ... More FOREIGN BANKS Micro finance is good business for ABN Amro FOR ABN Amro, micro-finance has proved to be a viable and sustainable business opportunity. The bank has, within a year of launching micro-finance operations in India, managed to break even. The finance support to needy groups is routed through ... More GOVT BONDS RBI fixes FRB, 2009 rate at 5.59 pc THE Reserve Bank of India (RBI) has said that the rate of interest on the Government of India Floating Rate Bonds, 2009 (FRB, 2009) applicable for the half year (June 6, 2005 to December 5, 2005) will be 5.59 per cent per annum. The rate on ... More NON-PERFORMING ASSETS Why DRT legislation needs a re-think CREDIT MARKET Scheme for veg cultivation in Thiruvananthapuram THIRUVANANTHAPURAM: Canara Bank has introduced a special financing scheme to promote vegetable cultivation by households. The scheme, which will initially be available in Thiruvananthapuram city, envisages extending easy credit to ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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