Financial Daily from THE HINDU group of publications
Saturday, February 23, 2002
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Financial Daily from THE HINDU group of publications Saturday, February 23, 2002 |
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MONEY & BANKING PREFERENTIAL ALLOTMENTS UTI Bank to make allotment to AIG THE UTI Bank is set to make a preferential allotment of fully convertible debentures, not exceeding Rs 50 crore to the Infrastructure Fund of AIG as part of the move to cut the stake of its promoter, UTI to 40 per cent in the bank. The ... More FOREX Re touches new low on corporate demand In spite of the country's forex reserves crossing the $50-billion mark, the rupee lost around ten paise on Friday to close at its lowest ever of 48.7650/7750 to a dollar. Dealers said that a sudden spurt of dollar buying by corporates and banks ... More NBFCS NBFCs struggle to rid trade of subvention NON-BANKING finance companies (NBFCs) are finding the practice of `subvention' an irritant, but are unable to get around it for a lack of industry-wide consensus on rejecting it. `Subvention' refers to the practice of original equipment makers ... More HOUSING FINANCE Andhra Bank Housing cuts rates HYDERABAD: Andhra Bank Housing Finance Ltd, the housing finance subsidiary of Andhra Bank, has announced a reduction in interest rates on housing loans by 0.50 per cent to 11.5 per cent. In a press release here, the Managing Director, ... More GENERAL INSURANCE 
Bajaj Allianz General sells one lakh policies -- Collects Rs 90-cr in premiumBAJAJ Allianz General Insurance Company, the joint venture between Allianz AG and Bajaj Auto, has collected premium worth Rs 90 crore and sold more than 100,000 policies in the first eight months of operations. The Bajaj Allianz joint venture, ... More
Surveyor/loss assessors' categorisation challenged RBI & OTHER CENTRAL BANKS IMF panel to evaluate reuse of resources The evaluation should also cast light on broader questions of programme design and the appropriate balance between lending arrangements and surveillance activities. More PUBLIC SECTOR BANKS 
Corpn Bank to sell LIC Mutual productsCORPORATION Bank has tied up with LIC Mutual Fund to market the fund's products through its branches. The bank signed a memorandum of understanding with LIC Mutual Fund (LICMF) for distributing MF products on Friday. The arrangement will ... More
United Bank posts higher 9-month net
Corpn Bank, Delhi Metro tie up FINANCIAL INSTITUTIONS FIs likely to miss dividend target PUBLIC sector financial institutions are likely to miss the target for dividends payable to the Government for the current financial year. This year, a dividend income of Rs 10,809.50 crore has been estimated to accrue from these institutions. ... More
Kameswara Rao made ED, IDBI GOVT BONDS Securities stronger MUMBAI: SECURITIES prices, which had fallen by more than a rupee during the day, rallied strongly to end at opening levels. Dealers said that the profit-booking and the selling pressure that had brought the prices down during the last three days, ... More NON-PERFORMING ASSETS Top brass join forces to track bank defaulters UNITING for a common cause, the Chairmen of leading PSU banks have decided to meet at regular intervals to share information on defaulters. This follows the finding by some banks that there are common defaulters — a single borrower who ... More REGULATORY BODIES & RULINGS CLB fiat to United Western Bank THE Company Law Board today issued a directive that the results of the poll on appointment/ reappointment of directors in the matter of United Western Bank Ltd be declared on the basis of the findings that have been given by the Bench. Earlier, ... More INTERVIEW 
`Andhra Bank keen to boost non-interest income'ANDHRA Bank sees itself in a phase of transition in the backdrop of a falling interest rate regime. In a bid to spread its risk and improve margins, the bank has chalked out a programme to address the retail banking sector, besides enhancing its ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories 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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