Financial Daily from THE HINDU group of publications
Tuesday, May 14, 2002
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Financial Daily from THE HINDU group of publications Tuesday, May 14, 2002 |
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MONEY & BANKING FOREX Rupee firm; securities rise Mumbai: THE rupee currency on Monday closed similar to Friday's levels at 49 to the dollar in an otherwise lacklustre forex market. The domestic currency also opened at 49. "Nationalised banks were buying dollars in the morning and the supplies ... More GENERAL INSURANCE Risk insurance for Tamils working abroad THE State Government-owned Overseas Manpower Corporation has tied up with the New India Assurance Co to offer a social security cover for Tamils from the State working abroad. According to a State Government press release, two types of policies ... More RBI & OTHER CENTRAL BANKS 
RBI rules out change in G-sec trading normsTHE Reserve Bank of India has ruled out any change in norms for trading in Government securities in the wake of irregular deals done by some co-operative banks and debt brokers. Dr Bimal Jalan, RBI Governor, today said, "the RBI's rules for ... More FOREIGN BANKS StanChart to focus on NRI, retail segments STANDARD Chartered Bank is planning to focus on its recently launched business financial services (BFS), non-resident business and expansion to 15 other cities for growth in the next three years. Mr Vishu Ramachandran, Regional Head, Consumer ... More INTEREST RATES Hazy spots in interest rate policy THE RBI's latest Monetary and Credit Policy well outlines the approach to interest rates. The underlying trend is one of further drop in the rates, both for depositors and lenders. A few points, however, remain to be cleared. In all the public ... More NON-PERFORMING ASSETS RBI rapped for secrecy over wilful defaulters' list SUCCESSIVE Governors of the Reserve Bank of India cannot wish away charges of culpability in having perpetrated, through masterly inaction, secrecy over the identity of wilful defaulters of loans in the banking system that is now burdened with ... More FIXED DEPOSITS New bank deposit insurer to be modelled on US body THE proposed new financial sector watchdog, the Bank Deposits Insurance Corporation (BDIC), is to be modelled on the powerful and independent Federal Deposit Insurance Corporation (FDIC) of the US. A high-level team comprising representatives ... More CO-OPERATIVES Urban co-op banks flouting norms on board constitution MOST urban co-operative banks (UCBs) are not following the RBI directive of having at least two professionals on boards of banks, according to Reserve Bank of India officials. After the Madhavpura scam a year ago, the RBI had directed all UCBs ... More
Capital adequacy norms: Risks for urban co-op banks 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 May. 5-May. 11 Western Union has big plans in money transfer sector Forex reserves rise $243 m Govt still undecided on separate regulator for urban co-op banks R. K. Talwar: A banker ahead of his times Maharashtra probing all co-operative banks 2 more co-op banks to be superseded Banks charge rates at monthly rests Big bucks come from corporate portfolios `Banking industry in peril, wages can wait' Commissioner of seamen PF to go -- DG Shipping lodges plaint with CBI |
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