Financial Daily from THE HINDU group of publications
Tuesday, January 03, 2006
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Financial Daily from THE HINDU group of publications Tuesday, January 03, 2006 |
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MONEY & BANKING INSIGHT Toning up the village credit cycle FOREX Rupee lacklustre; bond prices rally MUMBAI: The rupee was lacklustre against the US dollar on Monday, the first trading day of the New Year as there were not many market participants. There was no trading interest as market participants were merely covering their ... More INSURANCE Hindujas plan insurance foray THE Hinduja group is entering the insurance business in India. The group has already tied up with an overseas partner for a life insurance venture, Mr S.P. Hinduja, Chairman of Hinduja Group, said on Monday. Mr Hinduja, however, did not ... More GENERAL INSURANCE Wage hike unlikely to hit bottomline of PSU insurers — Second round of VRS for insurance staff on anvil WAGE bills for the public sector insurance companies have increased with the Ministry of Finance notifying the hike in salaries last week. Sources said the wage increases were done with retrospective effective from August 2002. As a result, ... More
`Mega insurance policies is the trend in energy sector' RBI & OTHER CENTRAL BANKS RBI declines priority sector status for wind power loans THE Reserve Bank of India has declined to include loans given to the wind power sector under priority sector lending. Responding to a request from the Indian Wind Power Association, a representative body of windmill owners and wind turbine ... More
BIS advisory on hallmarking PRIVATE BANKS 
High recoveries may help SIB post higher profitsSOUTH Indian Bank may see a steep jump in net profit for the first nine months of the current year due to provision reversal arising out of more-than-expected recoveries. In the first nine months of the year, the bank's recoveries from NPAs ... More PUBLIC SECTOR BANKS Corpn Bank awaits Dubai Govt nod to open branch CORPORATION Bank is ready to open a branch in Dubai and is awaiting the clearance of the Dubai Government, the bank's Executive Director, Mr. K. L. Gopalakrishna, told reporters in Tirupur. The bank has tied up with eight exchange houses. ... More
More banks offer no frills a/c
State Bank of Hyderabad FIXED DEPOSITS 
Union Bank, ICICI Bank hike NRE, FCNR deposit ratesUnion Bank of India and ICICI Bank have raised the interest rates on NRE fixed and FCNR (B) deposits. ICICI Bank has increased the interest rates on FCNR deposits denominated in US dollars by 9 basis points, and on euro and Canadian ... More
CBDT extends time for filing quarterly returns on deposits ALLIANCES & JOINT VENTURES IDBI, SIDBI to co-finance SMEs IDBI Ltd has signed a memorandum of understanding with Small Industries Development Bank of India (SIDBI) for co-financing of small and medium enterprises (SMEs), service sector and infrastructure projects in industrial clusters in the ... More EVENTS 
`IT will help banks to explore more business opportunities'BANKS will be able to maintain their profitability by investing in information technology (IT), according to Mr B.R. Bhat, General Manager of Corporation Bank. Delivering a lecture on `Banking in the IT age' at The Hindu Business Line Club at ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Focus Dynamic Tirupur Trends in IT - 2005 FDI in retail sector Indian Aviation: Sky is the limit India Inc's bonus bonanza India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
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