Financial Daily from THE HINDU group of publications
Wednesday, February 20, 2002
Forex Rates Feb. 19 (4.30 p.m. IST)
1 PoundRs 69.16
1 EuroRs 42.16
1 USDRs 48.60
100 YenRs 36.34
1 Sing $Rs 26.56

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MONEY & BANKING

FARM CREDIT


`Landless rich' knock more on SBI doors
THE scheme is for the poor, but the response is from the rich! Sounds unusual? But this has been the initial reaction to the Government's populist credit scheme for landless farmers to acquire farmland. State Bank of India, one of the major ... More

INFORMATION TECHNOLOGY


Let the user guide the expert
The hoi polloi judging an expert sounds contradictory. But it is mandatory, if the commoner is to benefit. More

INSURANCE


Reinsurers say no to terrorism cover
INTERNATIONAL reinsurance companies have declined to accept terrorist risk cover in India on the existing treaty arrangements with domestic insurance companies. Sources said here that as a result, some of the risk covers coming up for renewal ... More

NBFCS


Govt panel raises hopes for nidhis
CALL it what you will — a `dhoti-clad financial system' with a decidedly South Indian flavour or a `national heritage' that has been around for over a century — you can't deny that nidhis have, from their small niche, served the ... More

LIFE INSURANCE


Education plan for children from ICICI Pru Life
ICICI Prudential Life Insurance Company on Tuesday announced the launch of its new child product — ICICI PruSmart Kid — designed to take care of the educational needs of children through an insurance policy. The new product provides ... More

FOREIGN BANKS


Citibank feat in securitisation
CITIBANK India on Tuesday said it has crossed the Rs 1,000-crore securitisation threshold with the closing of a Rs 87-crore securitisation issuance for Tata Engineering. The bank has structured and arranged the securitisation of commercial ... More

INTEREST RATES


US recovery will be subdued
THE rest of the world is watching the US economy with bated breath. It has every reason to. It is estimated that no less than 60 per cent of the growth of the global economy in the last few years was engineered by America. The stakes for those ... More

TRENDS


Reviving economy to boost banking: Report
THE banking sector is poised to bounce back on a reviving economy and reduced pressure on spreads, a recent report from Salmon Smith Barney (SSB) has said. Loans are likely to grow by 15 per cent in fiscal 2003, compared to 13 per cent ... More
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Top Stories
`Landless rich' knock more on SBI doors


Consumer spend on the rise: Study

Govt panel raises hopes for nidhis

Slide in petro consumption slows

Global majors join race for SCI; 12 EoIs received

PMO okays 26 pc FDI in periodicals -- Dailies spared; 100% in advt proposed

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Feb. 10-Feb. 16
PSU insurers trim third-party cover

ARCs: Answer to bank NPAs?

LIC offers loan for NHDP at 100 basis pts over G-Sec rate

Indo-US talks to block terror funds

RBI approves ADR/GDR re-issue

Leasing body working on common business code

NBFCs diversify from niches

SBI set to cut personal banking product rates

LIC plans foray into Sri Lanka


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