Financial Daily from THE HINDU group of publications
Saturday, May 18, 2002
| Forex Rates May 17 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Saturday, May 18, 2002 |
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MONEY & BANKING FOREX Re firms up; gilts decline Mumbai: THE rupee closed slightly firmer on Friday at 49.01/02 per dollar, as against the previous close of 49.03 in a volatile forex market. The rupee opened at 49.04/05 and slipped to a day's low of 48.06. However, most nationalised banks ... More LIFE INSURANCE Birla Sun Life targets 90,000 policies this year BIRLA Sun Life Insurance has targeted a sale of around 90,000 policies in the current year with corresponding annualised premium of more than Rs 215 crore. The company which started operations on March 19, 2001, has earned a premium income of ... More GENERAL INSURANCE `Third-party claim losses unsustainable': Oriental Insurance dives for cover IN what could lead to a fresh stand-off between insurers and the transport industry, the Oriental Insurance Company Ltd (OIC) has taken the lead among public sector insurers in plugging losses in the motor portfolio by advising its offices across ... More CREDIT RATING PRIVATE BANKS 
Bharat Overseas net goes up 30 pcBHARAT Overseas Bank Ltd has reported a net profit of Rs 22.75 crore for the year 2001-02, as against Rs 17.50 crore for the previous year - a growth of 30 per cent. This was despite higher provisioning. Provisions against doubtful loans ... More
UTI Bank plans to hike paid-up equity by 10-15 pc PUBLIC SECTOR BANKS State Bank of Bikaner to focus on retail, mid-size co segments THROUGH a conscious shift in its image and focus, the State Bank of Bikaner and Jaipur (SBBJ) is looking to reposition itself as a niche player in the retail and mid-sized corporate segments, according to the bank's Managing Director, Mr N.K. ... More
GOVT BONDS Home Trade bank accounts sealed HOME Trade's accounts in several banks like UTI Bank, HDFC Bank and Standard Chartered Bank have been sealed following inspection by teams of Reserve Bank of India officials, according to informed sources. "The sealing of the accounts has been ... More REGULATORY BODIES & RULINGS Work on financial dist gaining momentum WITH the Insurance Regulatory Development Authority (IRDA) shifting its operations to Hyderabad, development activity at the planned `Financial District' is gathering momentum. In an area of just over 100 acres, close to the Hitech City, ... More CO-OPERATIVES AP: Dhana Bank depositors seek Govt help THE depositors of the Dhana Urban Co-operative Bank here, which is facing a grave crisis, have appealed to the State Government, the State Co-operative Department and the Reserve Bank of India to take all possible steps to protect their interests ... More PEOPLE 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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