Financial Daily from THE HINDU group of publications
Tuesday, April 08, 2003
| Forex Rates April 7 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Tuesday, April 08, 2003 |
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MONEY & BANKING FOREIGN TRADE Re dips; gilts up Mumbai: THE rupee on Monday ended at 47.4050/4150 against the dollar as compared with Friday's close of 47.4000/4050 in the local currency markets. Good supplies of the dollar continued through NRI remittances and export payments, said ... More FOREX `No evidence to relate arbitrage to higher forex' THE Reserve Bank of India on Monday said there is no evidence to show that ``arbitrage'' has contributed to the higher accretion of foreign exchange reserves in 2002-03. Fresh accretion to the reserves during the nine months (April-December ... More HOUSING FINANCE LIC Housing Fin loan disbursement at Rs 2,941 crore LIC Housing Finance Ltd sanctioned 84,126 loans for an amount of Rs 3,265.78 crore and disbursed 76,663 individual loans for an amount of Rs 2,941.24 crore during the financial year ended March 31. The total sanctions, inclusive of individual ... More GENERAL INSURANCE Few takers for enhanced FDI cap — Pvt insurers see partners tight-fisted WEAK private sector general insurance companies are unlikely to get additional capitalisation from their foreign joint venture partners. The Ministry of Finance has already endorsed the proposal to hike the equity cap to 49 per cent from the ... More RBI & OTHER CENTRAL BANKS Banks can guarantee loans from other FIs THE Reserve Bank of India has permitted commercial banks to issue guarantees for loans given by other banks and financial institutions. Earlier banks were prohibited from issuing guarantees favouring financial institutions, other banks and ... More PUBLIC SECTOR BANKS Banks to snip equity further — Rising dividend demand The potential candidates for capital restructuring include banks which have a very high capital adequacy ratio, especially Tier-1 capital. Syndicate Bank, Indian Overseas Bank, Canara Bank have high Tier-1 capital. With large Tier-1 capital, the bank s are in a position to shrink their equity base and if necessary, substitute the same partially with Tier-2 capital. More
Union Bank plans foray into West Asia, China
UCO Bank posts 20 pc growth REGULATORY BODIES & RULINGS IRDA seeks details on investments by insurers IN view of the prevailing market conditions that lead to defaults even by issuers of government-guaranteed debt instruments, the Insurance Regulatory and Development Authority (IRDA) has sought details of investment portfolios of various ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Run-up to Budget Kelkar Report Bottled water: How safe is it? Telecom Competition Oil PSUs: Disinvestment dilemma Housing Fin. rate war: Bonanza for consumers! NPAs in Banking In Depth Simple Economics Consumer Notes Tax Talk The Brahmananda collections NRIs & Investment Avenues Corporate Governance Gold: Still the winner? Cars: Always a beauty Books and Reviews Looking back Mar. 30-Apr. 5 New RBI norms for listed banks' quarterly reports `No matching response on interest rates' Offshore staff help forex kitty boom Weak dollar bloats forex reserves by 20 pc Double whammy for bank employees |
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