Financial Daily from THE HINDU group of publications
Saturday, November 02, 2002
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Financial Daily from THE HINDU group of publications Saturday, November 02, 2002 |
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MONEY & BANKING FOREX Re firms up; gilts lacklustre Mumbai: THE rupee closed at 48.33/3350 against the dollar on Friday, marginally firmer than Thursday's close of 48.36. Dealers said, that demand for the greenback and supplies were largely evenly matched. Most market players were unwinding ... More INFORMATION TECHNOLOGY Solution for Bahrain bank BANGALORE: Infosys Technologies has announced that Bank of Bahrain and Kuwait B.S.C. (BBK), one of the premier banks of Bahrain, has selected Finacle Core Banking, the new generation core banking solution from Infosys, for its ... More MANPOWER 
Good response to South Indian Bank VRSTHE response to the voluntary retirement scheme (VRS) offered by the Thrissur-based South Indian Bank Ltd is reported to be impressive. The scheme, which was open for one month from October 1, was restricted to employees over 55 years of age. ... More FINANCIAL POLICY 
Residents can hold foreign currency a/cRESIDENT Indians can now open, hold and maintain a foreign currency account in India. In a step, seen as a move towards capital account convertibility, the Reserve Bank of India, has announced a scheme under which resident Indians are permitted ... More PUBLIC SECTOR BANKS The strange ritual at SBI continues THE Prime Minister, Mr Atal Bihari Vajpayee, talks of reforms quite frequently. But the honourable senior citizen has not had the time to sign papers appointing a Chairman for SBI, the biggest Indian bank, with a sizable foreign presence. Has ... More
FOREIGN BANKS 
HSBC to bring in $150 m additional capitalHONG KONG and Shanghai Banking Corporation (HSBC) will be bringing $150 million additional capital to India in the current fiscal, Mr Aman Mehta, Chief Executive Officer, today said. Talking to the newspersons at the launch of HSBC's ... More INTEREST RATES UCO Bank cuts lending rates UCO Bank has decided to revise rates of interest on term deposits as well as prime lending rate (PLR). The rate of interest will be five per cent for the period from seven to 45 days, 5.5 per cent for 46-60 days, 5.75 per cent for 61-90 days, ... More FIXED DEPOSITS Syndicate Bank hikes short-term deposit rates SYNDICATE Bank has hiked the interest rates for deposits of seven to 14 days' maturity for bulk deposits of Rs 25 lakh and above, from four per cent to 4.5 per cent. Announcing this, Mr Shankar Sen, Chief Manager, Regional Office, Syndicate ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Oct. 20-Oct. 26 No major change likely in interest rates for now Armed with securitisation Ordinance — PSBs not keen to shift bad loans to asset revamp company Banks likely to be freed of statutory requirements — Collateralised borrowing and lending obligation IRDA strong-arm tactics pay off — Insurers accepting third-party liability cover |
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