Financial Daily from THE HINDU group of publications
Friday, April 12, 2002
| Forex Rates April 11 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, April 12, 2002 |
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MONEY & BANKING FARM CREDIT Ministry urges long-term plan for farm sector credit THE Finance Ministry has asked banks to prepare a long-term plan to meet the growing credit needs of the agricultural sector. This follows the projection that growth in the agriculture sector would be over four per cent in the next decade as ... More COURTS/LEGAL ISSUES Mumbai HC clears decks for ICICI Bank merger THE Mumbai High Court on Thursday cleared the scheme of amalgamation, including the swap ratio, proposed by ICICI Ltd which envisages the financial institution merging with its banking subsidiary, ICICI Bank. As per the merger ratio, ICICI ... More
Madras HC stays cut in tax on perks FOREX Rupee slips; gilts rally Mumbai: THE rupee closed weaker on Thursday by around three paise at 48.91/9150 as compared to the previous close of 48.8750/8850 in a lacklustre forex market. The domestic currency opened at 48.90/92 and slipped to a day's low of 48.93. "The ... More FINANCIAL MARKETS BoB Caps starts primary dealership operations BOB Capital Markets Ltd (BoB Caps) commenced its primary dealership activities on Thursday. The company, which is a 100 per cent owned subsidiary of Bank of Baroda, is the 18th primary dealer (PD) to be authorised by the Reserve Bank of India ... More PRIVATE BANKS IDBI Bank, Rediff tie up MUMBAI: IDBI Bank and Rediff.com have tied up to provide on-line shopping facility. The service will enable customers to choose what they want from the rediff.com pages and make payments through their IDBI i-net banking accounts, said a ... More
United Western board asks RBI to review decision CRR & BANK RATES Assocham for 1 pc cut in Bank Rate REDUCTION in the Bank Rate by one per cent, proper surveillance by Reserve Bank of India (RBI) to ensure Statutory Liquidity Ratio (SLR) at 25 per cent and `moral suasion' by the central bank on commercial banks to adopt `soft interest rate' ... More CORPORATE BONDS `LA+' for KIADB bond issue BANGALORE: ICRA has retained the `LA+' rating for the Karnataka Industrial Areas Development Board's (KIADB) Rs 100-crore bond programme. `LA+' indicates adequate safety for the State-owned land and infrastructure development agency. ... More REGULATORY BODIES & RULINGS Insurance broking to be allowed in 2-4 weeks DECKS are set to be cleared for the much-awaited insurance broking in the country shortly, probably in the next two to four weeks, once the Insurance Amendment Act is passed by Parliament. The Insurance Regulatory and Development Authority ... More STANDARDS & BENCHMARKS 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 Mar. 31-Apr. 6 GTB ousts 7 top officials Govt cuts SDS to 9 pc; PF rate reduction on anvil `Further rate cuts difficult unless costs come down' Making effective use of rural bank branch staff GTB may resume search for strategic partner -- Retail deposits soar by Rs 1,000 cr Rupee falls to new low, recovers FI-promoted banks may get to do Govt business Of elephants, rabbits and GIC Fortune Panel moots due diligence for private bank directors SBI for merger of select associate bank branches |
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