Financial Daily from THE HINDU group of publications
Wednesday, October 09, 2002
| Forex Rates Oct. 8 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, October 09, 2002 |
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MONEY & BANKING FARM CREDIT Nabard cuts refinance rates KEEPING in view the drought situation in the country, the National Bank for Agriculture and Rural Development (Nabard) is to offer refinance at a concessional rate of 7 per cent per annum to all banks for financing minor irrigation ... More FOREX Re strengthens; securities up THE rupee closed strongerby a paise on Tuesday at 48.35/3550, as compared to Monday's close of 48.36/3650 in the forex market. The bias is for a stronger rupee. Supplies of the greenback were seen to be heavy with good inflows through foreign ... More GENERAL INSURANCE Ministries to discuss rise in motor claims THE Ministry of Finance will soon be convening a meeting with the Transport Ministry to find a solution to the problem of high motor insurance claims leading to large underwriting losses for insurance companies, Mr Anandrao V. Adsul, Minister of ... More FINANCIAL MARKETS Raters propose, markets dispose STANDARD & Poor's, the world's biggest credit rating agency, recently downgraded India's local currency debt to `junk'— enough to make our economic reformers wail that this is our comeuppance for not being serious about the fiscal deficit ... More RBI & OTHER CENTRAL BANKS Polymer notes not now: RBI THE Reserve Bank of India has said that there is no immediate plan to introduce polymer or plastic currency notes to replace the existing paper notes. In a press release, the apex bank said that it has been receiving several queries about the ... More PRIVATE BANKS 
Development Credit Bank mulling IPODEVELOPMENT Credit Bank Ltd (DCB) is weighing the option of tapping the capital market with an initial public offer (IPO) in the near future. Stating this at a press conference here on Tuesday, the DCB Chairman, Mr Naushad I. Padamsee, said ... More
UTI Bank's Net facility for cos PUBLIC SECTOR BANKS Syndicate Bank expects net profit to stay flat — Ties up with Visa Intl for debit cards SYNDICATE Bank expects its net profit to stay relatively flat in the current financial year even as its business is likely to grow by 35 per cent from a year ago, Chairman and Managing Director, Mr Michael Bastion, said. The increment in the ... More NON-PERFORMING ASSETS 
Banks call for Govt intervention to recover duesBANKS have sought Karnataka Government's intervention in recovering dues from State-sponsored schemes. Expressing concern over the high level of non-performing assets and high over dues position in such schemes, Mr Michael Bastin, Chairman and ... More MERGERS & ACQUISITIONS Borrowers have little to complain about IS Andhra Bank out of the race for Centurion Bank? Some officials in the bank privately confirm the development, but none wants to go on record. Inquiries on Mint Street indicate the public sector Andhra Bank has not yet given its view. None ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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