The Hindu Business Line : Thursday, May 12, 2005

Monetary Policy 2005-06 — Lending priority to infrastructure
The stance of the central bank signalling tentativeness in respect of financing infrastructure is surprising, given the critical role that the sector plays in the economy. Banks have to re-learn a few skills to financing infrastructure in a big way. The sooner the central bank facilitates the process, the better it is for the country. More

FOREX

Rupee breaches 43.30; bond prices move up
MUMBAI: The rupee substantially strengthened against the US dollar and moved beyond the psychological 43.30 level as speculation on the revaluation of the Chinese yuan once again hit the market. Dealers said the rupee had previously ... More

FINANCIAL PERFORMANCE

State Bank of Mysore posts 17 pc rise in annual net
THE State Bank of Mysore (SBM) has reported a 17-per cent increase in net profit for the financial year ended 2004-05 to Rs 206.26 crore from the previous year's Rs 176.38 crore. Speaking to reporters here on Wednesday, its Managing Director, ... More

Bank of Rajasthan Q4 net loss lower at Rs 12.09 crore
BANK of Rajasthan has reported a lower net loss of Rs 12.09 crore for the fourth quarter of 2004/2005 against a net loss of Rs 22.13 crore in the year-ago period. The loss was attributed to the fact that the bank had made provisions towards ... More

RBI & OTHER CENTRAL BANKS

RBI permits UCBs, listed cos to participate in repos
THE Reserve Bank of India (RBI) has permitted sale of Government securities allotted in primary issues on the day of allotment, with and between consistent subsidiary general ledger (CSGL) account holders, with immediate effect. This was proposed ... More

PUBLIC SECTOR BANKS

Vijaya Bank to focus on retail, farm lending
VIJAYA Bank has decided to concentrate on its retail and farm credit portfolio to push future growth, according to the bank's Chairman and Managing Director, Mr M.S. Kapur. "The future lies in retail and farm credit. We will try to concentrate ... More

GOVT BONDS

T+1 settlement in G-Secs from May 24
THE Reserve Bank of India announced that a standardised settlement on T+1 basis of all outright secondary market transactions in Government Securities will be allowed from May 24, 2005, said a press release from RBI. However, in the case of ... More

T-Bills auction fully subscribed
THE auction of the 364-day Treasury Bills and the 91-day Treasury Bills were fully subscribed, the Reserve Bank of India said on Wednesday. The notified amount for both T-Bills was Rs 2,000 crore. For the 364-day T-Bill, the RBI received 85 ... More