Financial Daily from THE HINDU group of publications
Thursday, March 06, 2003
| Forex Rates March 5 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Thursday, March 06, 2003 |
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MONEY & BANKING PENSION PLANS Private insurers keen on Jaswant's pension plan PRIVATE life insurance companies seem to be interested in the pension scheme announced in Budget 2003. These companies will discuss the issue of asking the Government to extend the newly formulated pension scheme to them as well at the next life ... More
SBI Life gets nod for group pensions AWARDS & HONOURS FOREX Rupee steady; gilts decline Mumbai: THE rupee was almost unchanged against the dollar closing at 47.6400/6450 on Wednesday as compared to Tuesday's closing levels of 47.6500/6550 in the local currency markets. Some demand for the greenback by corporates and mopping up of ... More SOFTWARE Flexcube tops IBS ranking I-FLEX Solutions today announced that its flagship product `Flexcube' had been ranked as the world's number one universal banking solution for 2002 in terms of sales by International Banking Systems (IBS), UK. Universal banking solutions ... More AGRICULTURAL INSTITUTIONS Nabard to raise Rs 200 crore via tax-free bonds THE National Bank for Agriculture and Rural Development (Nabard) will raise over Rs 200 crore through private placement basis by issuance of tax-free bonds and tax-free priority sector bonds. The issue worth Rs 200 crore with the right to ... More HOUSING FINANCE LIFE INSURANCE Muthoot ties up with Tata AIG MUTHOOT Insurance Services, the latest venture of the Rs1,000-crore Muthoot Pappachan Group, has been appointed as the corporate agent of Tata AIG Life Insurance Company Ltd in Kerala. A memorandum of understanding to this effect was signed ... More DEBT MARKET G-secs' dip baffles debt market DESPITE favourable budgetary announcements and rate cuts by the Reserve Bank of India, the debt markets are behaving strangely. Market participants are baffled by the way g-sec prices have been falling in the past three days. "The market is ... More FOREIGN DIRECT INVESTMENT Private bank FDI cap only at 74 pc THE confusion over the cap on foreign direct investment in private sector banks has been cleared. The Ministry of Finance has decided that the FDI limit would be capped at 74 per cent and not at a higher limit as was being contemplated due to ... More PRIVATE BANKS GTB resumes search for strategic partner The search is aimed at an alliance partner who could add strengths to the bank in terms of product portfolio, better banking practices and technology, apart from merely pumping in funds. More
FINANCIAL INSTITUTIONS CORPORATE BONDS NON-PERFORMING ASSETS IDBI takes over salt refinery MUMBAI: INDUSTRIAL Development Bank of India (IDBI) has taken over possession of the salt refinery of Ganesh Benzoplast Ltd in Rajkot, Gujarat, under the Securitisation Act, an IDBI release said here today. According to the financial ... More FIXED DEPOSITS Canara Bank's floating rate plan for big deposits THE public sector Canara Bank has launched a floating rate deposit scheme (FRDS) for high networth individuals. It is the first bank to launch this kind of a deposit scheme. The minimum investment amount in FRDS is Rs 10 lakh. A bank release ... More REGULATORY BODIES & RULINGS SEBI clears ING group equity revamp in Vysya Bank THE Securities and Exchange Board of India (SEBI) has exempted the ING group from complying with the provisions of SEBI Regulations on Substantial Acquisition of Shares and Takeovers following the latter's proposal to go in for an internal ... More PEOPLE Metzelaar is MD of ING Vysya Life ING Vysya Life Insurance, the joint venture between the Dutch ING Insurance International and ING Vysya Bank, has a new Managing Director and CEO. The board has confirmed the appointment of Mr Yvo R. Metzelaaras as Managing Director, who has ... More TRENDS PSBs scout for new clients to lend NATIONALISED banks, which had until recently waited for the borrowers to approach them for finance support, are going out to woo them. They are organising sector-specific meets to inform certain potential but untapped segments about the ... 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 Feb. 23-Mar. 1 Rating agencies can rate `associate' Godrej & Boyce launches note banding machine Forex reserves rise $616 m Nidhis want to be covered under Securitisation Act IDBI Bank home loans come with durables, job loss cover Lenders free to decide on NPA categorisation — Govt rejects industry plea on `honest failure' `Borrowers will gain from NPA recovery' No big bang, but... |
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