Financial Daily from THE HINDU group of publications
Thursday, February 23, 2006
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Financial Daily from THE HINDU group of publications Thursday, February 23, 2006 |
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MONEY & BANKING FINANCIAL SERVICES IRDA extends deadline HAVING agreed to reduce the fee for annual membership of the Indian Institute of Insurance Surveyors and Loss Assessors (IIISLA) recently, the Insurance Regulatory and Development Authority (IRDA) has now decided to extend the last date for ... More FOREX Rupee weakens; bonds bearish MUMBAI: The rupee depreciated against the dollar on Wednesday on the back of dollar demand and in tandem with the fall in the euro. The rupee opened at 44.46/48 and closed at 44.64/65, down from Tuesday's 44.4250. Dealers said ... More GENERAL INSURANCE 
Livestock insurance scheme coming — Centre to bear 50 pc of premium, says Cabinet panelTHE Cabinet Committee on Economic Affairs (CCEA) has approved the `Livestock insurance scheme' that is to be implemented as a pilot project in 100 districts during 2005-06 and 2006-07. The Government will subsidise half of the premium that has ... More
Poultry insurance covers bird flu losses, clarify officials
Reinsurance treaties on stiff terms — Spike in primary insurance rates on cards RBI & OTHER CENTRAL BANKS PM's council wants data on all imports published DGCIS figures at variance with RBI's version `It may be useful to be as transparent as possible in the published data in the public domain so as to manage expectations on the BoP outlook which is important to inspire the trust and confidence of potential investors, both domestic and foreign.' More PRIVATE BANKS IDBI launches `no frills' account IDBI Ltd has launched its no frills `Sabka' savings account with balance requirement of Rs 250 in rural and semi-urban branches. This account will also enable customers to access IDBI branches, ATMs and services such as phone and mobile ... More PUBLIC SECTOR BANKS 
Union Bank offer price fixed at Rs 110 — Issue subscribed 30 timesUNION Bank of India has raised Rs 495 crore through its follow-on public issue of 4.5 crore equity shares. The bank fixed the share price at Rs 110, said a press release. The issue, which closed on February 21, was subscribed 29.82 times. The ... More
Andhra Bank `Maha Mela' under way
SBH opens another branch FOREIGN BANKS `More global investors entering India' Deutsche Bank upbeat THERE is more money waiting to come into India, as long term and strategic investors are in the process of entering the market, said Mr Claus Martini, Global Chief Investment Officer, Deutsche Bank Private Clients. The investment bank is ... More FINANCIAL INSTITUTIONS IMF cautions India on the fiscal front JUST ahead of the Union Budget 2006-07, the International Monetary Fund (IMF) today cautioned India that its macro-economic policies should remain vigilant, while maintaining that the current favourable economic conditions provide "a good ... More GOVT BONDS Oil marketing cos' profits slip Rs 2,898 cr — Govt to issue bonds for Rs 11,500 cr THE public sector oil marketing companies have incurred decline in profit of Rs 2,898 crore for the first nine months of the current fiscal. The combined profits of IOC, HPCL, BPCL, and IBP have declined from Rs 10,818 crore in 2003-04 to Rs ... More CORPORATE BONDS Corpn Bank to raise Rs 500-cr Tier II capital CORPORATION Bank will raise Tier II capital to the extent of Rs 500 crore and issue long-term infrastructure bonds to the tune of Rs 1,000 crore. A bank release said here on Wednesday that the bank has proposed to raise Tier II capital by way ... More CREDIT MARKET 
Lessons from educational loansAn education loan is an investment in the inter-generational sense and, hence, pointed policy formulations are urgently required in this sector, says R. Vaidyanathan, suggesting sustainable models for ensuring recoveries. More SHORT TERM INSTRUMENTS T-Bills auctions fully subscribed THE auctions of the 91-day and 182-day Treasury Bills were fully subscribed, according to a release from the Reserve Bank of India. The notified amount for both the T-bills was Rs 500 crore each. For the 91-day T-bills, the RBI received 34 ... More TRADE & LABOUR UNIONS AIABOF office-bearers HYDERABAD: The All India Andhra Bank Officers' Federation (AIABOF), affiliated to the All India Bank Officers' Confederation, has announced that new office bearers were elected for the Federation for two years' term through postal ballot. ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Feb. 12-Feb. 18 Weather insurance slow to gain acceptance in India Women score high in micro finance `Sub-PLR lending will continue' Life insurance premiums up 51 pc in 9 months — ICICI Pru leads private pack; LIC has 209 pc more lives covered Unit-linked policies are growth drivers — Insurers find it capital-efficient Banks halt deposit-based lending to corporates `Market can absorb home loan rate hikes' — More disbursals by lenders; more younger borrowers Indian cos raise $10 b via ECB route in 9 months |
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