|
Icra puts HMT bonds under watch
Mumbai: Rating agency Icra has put Rs 469-crore long-term and Rs 40.43-crore
medium-term bond programmes of HMT Ltd under rating watch with negative
implications, according to an agency release on Wednesday.
Back to
News Review index page
Banks, FIs sign up for CDR in big way
Mumbai: Inter-creditor agreements, which form part of corporate debt
restructuring, has so far been signed by 49 institutions and banks.
Back to
News Review index page
Citibanks Rs 28.4-crore loan securitisation gets highest Crisil ratings
Mumbai: The Credit Rating Information Services of India Ltd on Wednesday
assigned the highest ratings of P1+ (so) and AAA (so) to Citibanks
pilot personal loan securitisation programme worth Rs 28.41 crore.
Back to
News Review index page
IOB to use new ordinance against defaulters
Hyderabad: Indian Overseas Bank will shortly make use of the newly brought
out Securiti-sation and Reconstruction of Financial Assets and Enforcement
of Security Interest Ordinance 2002 to go after its defaulters.
Back to
News Review index page
Allahabad Bank to open 30 MBBs by fiscal-end
Chennai: With a view to tapping the mid-business entrepreneurs, Allahabad
Bank is planning to open 30 mid-business boutiques across the country by end
of this fiscal.
Back to
News Review index page
Allahabad Bank mulls Rs 100-cr IPO this year To invest Rs 20 cr in ARC
Chennai: Allahabad Bank is planing to come out with an IPO this year . The
bank had wanted to go public last year, but the proposed issue was postponed
due to the
Back to
News Review index page
FIs/banks may be asked to alert tribunal on sick companies
New Delhi: The committee's recommendation comes on the back of the notion
that FIs/banks are always in a better position to detect sickness. DCA
conceded that some provisions could be introduced to detect signs of
potential/approaching sickness.
Back to
News Review index page
Giving credit card where it's due...
New Delhi: A potter or a carpenter in the remote village may
soon be able to avail of bank credit through a plastic card. The Finance Ministry has asked
banks to examine the scope for enhancing credit to rural artisans.
Back to
News Review index page
Pru ICICI Power posts 25 pc return
Mumbai: About a year after its conversion into an open-ended scheme,
Prudential ICICI Power has posted a one-year return of around 25 per cent.
Back to
News Review index page
LIC Housing Q1 net up at Rs 34 cr
New Delhi: LIC Housing Finance Ltd has reported a net profit of Rs 33.59
crore for the first quarter ended June 30, 2002, as against Rs 25.51 crore
for the corresponding period in the previous year.
Back to
News Review index page
LIC wooing villagers through `Bima Grams'
Madurai: The Life Insurance Corporation (LIC) of India has started developing
`Bima Grams', indicative of its social commitment under which the organisation ploughed back a
portion of the premium collected from the villagers for the development of respective villages.
Back to
News Review index page
Money laundering Bill re-introduced with changes in RS
New Delhi: The Government on Wednesday re-introduced in the Rajya Sabha a
Bill aimed at preventing money laundering, after incorporating virtually all
the recommendations of a select committee of the Upper House.
Back to
News Review index page
ABN Amro, UTI Bank to share ATMs
Mumbai: ABN Amro Bank N.V. India and UTI Bank are to share ATMs in India to
increase their reach across the country.
Back to
News Review index page
IOB to raise Rs 175 cr as tier-II capital
Hyderabad: Indian Overseas Bank (IOB)has drawn up plans to further
strengthen its capital to risk assets ratio (CRAR) by raising funds to the
tune of Rs 175 crore as tier-II capital.
Back to
News Review index page
Corpn Bank 150th ATM inaugurated
Mangalore: Corporation Bank's one-hundred-and-fiftieth automated teller
machine (ATM) was inaugurated here.
Back to
News Review index page
More banks cut deposit rates
New Delhi: With the interest rates on the lending side heading downwards,
the banks' spreads were coming under pressure. Government security yields
have been dropping and top corporates have been borrowing at rock-bottom
rates.
Back to
News Review index page
GTB Q1 net dips 21% to Rs 13 cr
Hyderabad: Global Trust Bank has registered a 20.9 per cent drop in net
profit to Rs 12.9 crore during the first quarter ended June 30 '02, compared
to Rs 16.3 crore in the corresponding period of the previous year.
Back to
News Review index page
|
