|
Rupee
stable
The domestic currency closed at 45.2400/2450 in its value
against the dollar.
Forward Markets - The six months forward closed
at 0.39 per cent (0.36 per cent) and the one-year forward
closed at 0.48 per cent (0.46 per cent).
G
Secs - The 8.07 per cent 2017 paper, opened at Rs
123.30 to touch a low of Rs 123.25 and finally closed
at Rs 123.38. The 10-year benchmark closed at Rs 116.87
with a corresponding yield of 5.19 per cent.
Back
to News Review index page
Dhanalakshmi
Bank goes for technology upgradation
Hyderabad: The Thrissur-based Dhanalakshmi Bank
Ltd. bank has earmarked Rs 40 crore for implementing technology
plans that include core banking solutions in 60 select
branches and setting up of at least 50 automated teller
machines (ATMs).
The bank will also set up a data centre at the Technology
Park at Bangalore for which it has already acquired space.
The bank expects its tier-II bonds issue for Rs 45 crore,
to enhance its capital adequacy ratio to over 13.5 per
cent from the current level of 10.45 per cent.
Back
to News Review index page
ICICI
PruLife hikes capital base
Mumbai: ICICI Prudential Life Insurance Company
has hiked up its capital base by Rs 50 crore to Rs 675
crore. The authorised capital of the company now stands
at Rs 1,200 crore.As on December 2003, the company has
sold over 5,50,000 policies with a sum assured exceeding
Rs 13,000 crore.
Back
to News Review index page
Birla Sun Life goes for E-mail alerts
Mumbai: Birla Sun Life Insurance (BSLI) has introduced
`e-mail alerts' as an additional facility for its policyholders.
BSLI will be using the e-mail alerts to communicate birthday
greetings to policy owners and advisors, premium payment
due notice - 15 days in advance of the due date, premium
overdue reminder - 7 days after due date, policy lapse
alert - 7 days after lapse date and for license renewals
to advisors.
Back
to News Review index page
ICRA
rates Lupin A1 for its short-term debt programme
New Delhi: ICRA has assigned an `A1' rating to
Lupin Ltd's Rs 40-crore short-term debt programme (including
commercial paper). Indicating the highest safety in the
short term, the rating takes into account Lupin's improved
operating margin of 24 per cent, resulting in an overall
cash accrual of Rs 141.1 crore for the first nine months.
The company has also reduced its debt load through repayments
of Rs 272.7 crore, including pre-payments of Rs 196 crore
during the first nine months of the current fiscal.
Back
to News Review index page
|
