The Hindu Business Line : Tuesday, July 29, 2003

CCIL forms new arm for trading platforms
The objective of forming the subsidiary was to ensure an arms length distance between settlement and trading and to avoid cases of fraud. More

FOREX

Rupee firm; gilts fall
MUMBAI: The rupee closed almost unchanged on Monday at 46.1300/1400 against the dollar witnessing good activity. Dollar supplies were seen matching demand with both public sector and even foreign banks seen buying dollars in the ... More

FINANCIAL PERFORMANCE

BoI records 15 pc jump in Q1 net profit
BANK of India has recorded a 15.25 per cent jump in net profit at Rs 204 crore for the first quarter ended June 30, 2003, as compared to a net profit of Rs 177 crore in the corresponding period, the previous year. "Treasury income has ... More

Karur Vysya Q1 net up at 37 pc
KARUR Vysya Bank registered a 37-per cent jump in its net profit during the first quarter of the current fiscal when compared to the corresponding period of the earlier year. For the quarter ended June 30, 2003, its net profit increased by Rs ... More

LIC Housing Q1 net at Rs 34 cr
LIC Housing Finance Ltd has recorded a net profit of Rs 33.95 crore for the first quarter ended June 30, 2003, compared with Rs 33.59 crore during the same period last year. The company's total income rose to Rs 230.04 crore (Rs 219.60 crore), ... More

NBFCS

Nomination facility for NBFC depositors
DEPOSITORS with non-banking finance companies can now nominate a beneficiary of their deposits in event of their death. The Reserve Bank of India has, in consultation with the Union Government, decided that NBFCs, can adopt the Banking ... More

PUBLIC SECTOR BANKS

Seals pacts with staff, officers unions — SBI set to go ahead with IT plans, transfers
IN a major breakthrough that would facilitate a swift change of face of the country's premier bank, the State Bank of India (SBI) has sealed two important agreements with its employees' unions and officers' associations that would debar the staff ... More

Five PSBs share ATM network
FIVE public sector banks have jointly launched up a shared automatic teller machine (ATM) network in the country. The five banks are Syndicate Bank, Bank of India, Indian Bank, United Bank of India and Union Bank of India. Briefing ... More

Central Bank opens retail banking cell
CENTRAL Bank of India has opened an exclusive retail banking cell at its zonal office in New Delhi. The cell, which was inaugurated by Executive Director, Mr V.N. Saxena, will cater to the needs of small businessmen, retailers, students' ... More

UBI to open offshore unit in Mumbai SEEPZ
UNION Bank of India will open its first offshore banking unit in SEEPZ - II in Mumbai. The unit would start functioning from July 31 and exporters from other special economic zones in the country would also be able to make use of the ... More

PSB's online link with DGFT
NEW DELHI: Punjab and Sind Bank (PSB) has introduced electronic transmission of Bank Realisation Certificates (BRC) to the office of Director General of Foreign Trade (DGFT). This facility will benefit the customers since they will get ... More

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