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Dollar
share in Indian banks’ global assets down 2 percent:
RBI
Mumbai: The share of dollar in the international assets
of banks in India has come down by over two per cent by
September 30, 2002, compared to the previous quarter,
though it has remained the largest component of such assets.
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Sundaram
Home Fin taps NHB for Rs 100-crore refinance
Chennai: Sundaram Home Finance Ltd, the housing finance
arm of the Chennai-based non-banking finance company Sundaram
Finance Ltd, has approached the National Housing Bank
for a Rs 100-crore refinance facility.
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Mardia
Chem asked to file counter-claim against ICICI Bank
Ahmedabad: The Gujarat High Court has directed the
Ahmedabad-based Mardia Chemicals Limited to file a counter
claim against ICICI Bank in the Debt Recovery Tribunal
in Mumbai within four weeks.
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Turnover
value of 34 banks on BSE, NSE rises in February
Mumbai: The turnover value of 35 banks, which has
listed on The Stock Exchange, Mumbai, increased from the
level of Rs 1,882.84 crore during January 2003 to the
level of Rs 2,324.06 crore during February 2003.
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Centre
to limit players in ARC biz
Mumbai: Three companies — promoted by ICICI Bank,
IFCI Ltd and another Mumbai-based financial sector player
— have so far filed applications with RBI for registration
as asset reconstruction companies, it is reliably learnt
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SBI
keen to exit from STCIL
Mumbai: The Managing Director of STCIL, R.V. Joshi,
confirmed SBI's view. "We know they want to exit...
but there is no definite timeline", he said.
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Dewan
Housing cuts lending rates
Mumbai: Dewan Housing Finance Corporation has brought
down its interest rate on housing loans by 150 basis points,
to 9.25 per cent (for five years) under its variable monthly
scheme.
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Mahavir
Spinning NCD gets `AA-'
Mumbai: The rating agency, Crisil has awarded `AA-'
rating to the Rs 80-crore non-convertible debenture (NCD)
issue of the Ludhiana-based Vardhman group's Mahavir Spinning
Mills Ltd.
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Holiday
for clearing house in Mumbai
Mumbai: The Reserve Bank of India (RBI) has said that
the clearing house in Mumbai will not function on March
14 as the Government of Maharashtra has declared holiday
on account of Moharrum.
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UBI
mite to PM's relief fund
New Delhi: Union Bank of India (UBI) has presented
a cheque of Rs 2 crore to the Prime Minister's Relief
Fund. The cheque was presented to the Prime Minister,
Atal Behari Vajpayee, by the bank's Chairman and Managing
Director
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Banking
secrecy laws to be eased
New Delhi: Lenders will soon have a bedfellow to share
their disturbing secrets. Sheddingits long-standing allergy
towards allowing lenders to make credit information available
more freely, the Government is finally set to relax banking
secrecy laws to allow banks and financial institutions
(FIs) to share details of their borrowal accounts with
the Credit Information Bureau of India Ltd (CIBIL).
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Four-day
repo auction today
Mumbai: The Reserve Bank of India will hold four-day
repo and reverse repo auctions on March 13. The change
has been brought about consequent to the Government of
Maharashtra declaring March 14 as holiday, in place of
March 15, on account of the last day of Moharrum under
the Negotiable Instruments Act, 1881, said an RBI press
release.
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