Financial Daily from THE HINDU group of publications
Thursday, January 31, 2002
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Financial Daily from THE HINDU group of publications Thursday, January 31, 2002 |
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MONEY & BANKING FOREX Re loses 12 paise SPECULATION over the `real value of the rupee' drove the currency to end at an all-time low at 48.52/53 per dollar, weaker by about 12 paise from the previous close of 48.41/42 in a volatile forex market on Wednesday. The rupee opened weaker ... More PRIVATE BANKS KVB net rises to Rs 25 crore COIMBATORE: Karur Vysya Bank has posted a 53 per cent growth in its net profit for the quarter ended December 2001, as against the corresponding quarter of the earlier fiscal. The net profit increased to Rs 25.09 crore (Rs 16.38 ... More
RBI approves Kotak Mahindra, Rabobank proposals PUBLIC SECTOR BANKS SBI net goes up three-fold in Q3 STATE Bank of India (SBI) has reported a 178.97-per cent rise in net profit at Rs 613.89 crore for the third quarter ended December 31, 2001 as compared to Rs 220.05 crore in the corresponding previous quarter. Mr Janki Ballabh, Chairman, SBI, ... More
SBM net up 57.76 pc
SBI against sharing ATM network
Dena Bank trims losses FOREIGN BANKS Citibank plans PD outfit CITIBANK India is exploring the possibility of establishing a primary dealership (PD) arm and an asset management company in the country. The bank has submitted its application to the Reserve Bank of India for setting up a PD arm. "We are ... More GOVT BONDS States seek to exit from high-cost debt A CLUTCH of States has begun pushing for an early exit from high-coupon loans taken in the past and refinancing the same with fresh State Government loans and bonds. These securities are sovereign guaranteed State Government loans. Sources said ... More FIXED DEPOSITS SBM to cut FD rates BANGALORE: State Bank of Mysore expects to slash rates by 0.25-0.5 per cent by mid-February, according to Mr Murty. It also expects to lower its cost of deposits to 7.3 per cent by March. ... More MERGERS & ACQUISITIONS ICICI appoints United Western as SPV trustee ICICI Ltd has appointed United Western Bank Trustee Company as the trustee of the special purpose vehicle (SPV) created to hold the 46 per cent stake of ICICI Ltd in ICICI Bank, Mr K.V. Kamath, Managing Director, ICICI Ltd, told an extraordinary ... More ALLIANCES & JOINT VENTURES LIC MF pact with Federal Bank LIC Mutual Fund has entered into a tie up with the Aluva-based Federal Bank for the distribution of its products - LIC MF MI Bond Fund, LIC MF Govt Sec Fund and LIC MF Children's Fund through the 58 branches of the bank. Through this ... More PERFORMANCE Treasury operations sparkle for banks WITH the exception of Syndicate Bank, all the banks that have come out with their nine-month performance results so far, have reported huge increases in `other income'. A few have even reported over a 100 per cent increase in this income. As ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Jan. 20-Jan. 26 AMP Sanmar takes the field with Steve Waugh Cabinet nod for repeal of banking service Act -- Full say for banks in recruitment SBI to recruit IT pros once arm gets okay Corporate lending norms for PDs tightened |
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