Financial Daily from THE HINDU group of publications
Tuesday, January 18, 2005
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Financial Daily from THE HINDU group of publications Tuesday, January 18, 2005 |
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MONEY & BANKING FARM CREDIT State Bank of Mysore gives Rs 650-cr farm loans STATE Bank of Mysore has advanced Rs 650 crore for agriculture sector till December 31, 2004 against the target of Rs 675 crore for the current financial year, according to Mr B.N. Ramaiah, General Manager. Addressing presspersons here on ... More INSIGHT ICICI Bank: In line with expectations ICICI Bank's performance, of an 18 per cent growth in profits, in the third quarter of fiscal 2005 is in line with expectations and the credit expansion seen during the past year. Its nearest competitors in the private bank sector, HDFC Bank ... More FOREX Rupee up 10 paise; bonds range-bound MUMBAI: The rupee closed firmer at 43.66/68 levels against the dollar on Monday, after opening at 43.69 levels. This was 10 paise stronger than the previous week's close of 43.76/77. The domestic currency hit a high of 43.74 in Monday's ... More INSURANCE Call for changes in insurance forms FINDING the terms and conditions in insurance policies with numerous exclusions in fine print highly user unfriendly and one-sided, the National Consumer Disputes Redressal Commission has advised insurance companies to do away with the current ... More FINANCIAL PERFORMANCE ICICI Bank net rises 18 pc in third quarter A ROBUST growth in retail loans coupled with higher net interest income helped ICICI Bank to record an 18 per cent jump in net profit at Rs 517.68 crore for the third quarter ended December 31, 2004, against a net profit of Rs 440.10 crore in the ... More
Strong fee-based income lifts UTI Bank Q3 net HOUSING FINANCE NHB to launch housing index IN order to help various stakeholders monitor the value of residential property prices, the National Housing Bank (NHB) has launched a project wherein it would index the residential property prices. The indices would be prepared on a quarterly ... More
Sundaram Home loan fair in Coimbatore GENERAL INSURANCE 
When tsunami struck, they had no coverSELVAM, one of the affluent fishermen of Nagapattinam, has been reduced to penury. His deep-sea trawlers are damaged beyond repair and grounded by the Tsunami that struck on December 26, 2004. He pointed to some vessels lying close to the ... More FOREIGN DIRECT INVESTMENT Roadmap for FDI in private banks — Doubts over annual creeping acquisition proposal The mandatory divestment clause proposed by the RBI in its draft ownership norms is likely to be dropped. More PRIVATE BANKS 
ICICI Bank Q3 advances up by 32 per centTOTAL advances of ICICI Bank during the third quarter ended December 31, 2004, grew by 32 per cent to Rs 76,092 crore from Rs 57,812 crore in the year ago period. Retail assets constituted 61 per cent of advances and 54 per cent of customer ... More
UTI Bank plans GDR listing in March PUBLIC SECTOR BANKS Andhra Bank unveils 3 schemes ANDHRA Bank has launched a composite credit card for farmers and two insurance schemes for self-help groups (SHGs) and senior citizens. The Union Finance Minister, Mr P. Chidambaram, unveiled the insurance schemes, while the Andhra Pradesh ... More CORPORATE BONDS FCI to float bonds to raise Rs 1,000 cr THE Food Corporation of India (FCI) is all set to float its first tranche of bonds to mobilise Rs 1,000 crore out of the total Rs 5,000-crore market borrowings size allocated to it by the Finance Ministry. "We will complete the first tranche in ... More FIXED DEPOSITS 
TMB hikes deposit ratesTAMILNAD Mercantile Bank (TMB) has hiked interest rates on domestic term deposits with effect from Monday. For deposits of Rs 25 lakh and above, an additional 25 basis points will be offered on deposits up to 179 days. Eligible deposits ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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