Financial Daily from THE HINDU group of publications
Friday, May 27, 2005
Financial Daily from THE HINDU group of publications Friday, May 27, 2005 |
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MONEY & BANKING REGIONAL RURAL BANKS Sangameshwara Bank net up HYDERABAD: Sangameshwara Grameena Bank (SGB), sponsored by State Bank of India, has announced a record net profit of Rs 17.06 crore for the fiscal ended March 2005, a growth of 42 per cent. In a press release here on Thursday, the bank ... More FOREX Rupee range-bound; bonds stay flat MUMBAI: The rupee remained range-bound against the dollar and ended a shade higher than Wednesday' close. It opened at 43.5350/5450, hit an intra-day high of 43.4950/50 and finally ended the day at 43.52/53. A dealer at a private bank ... More FINANCIAL PERFORMANCE 
Oriental Bank posts 11 pc rise in net profitTHE Oriental Bank of Commerce's (OBC) net profit has gone up by 11 per cent to Rs 760.81 crore for the fiscal 2004-05 from Rs 686.07 crore last fiscal. The Chairman and Managing Director, Mr K. N. Prithviraj, said that the bank's total ... More LIFE INSURANCE 
PNB, Principal may clinch insurance venture in JunePUNJAB National Bank and Principal Financial Group of the US will meet early June to finalise setting up of the life insurance joint venture, the PNB Chairman and Managing Director, Mr S.C. Gupta, told Business Line today. The life ... More CREDIT RATING SIDBI plans credit rating agency for SME sector SMALL Industries Development Bank of India (SIDBI) is planning to set up a credit rating agency for the small and medium enterprises sector, along with Dun and Bradstreet, Credit Information Bureau of India Ltd and other commercial banks. This ... More RBI & OTHER CENTRAL BANKS IMF role in capital account liberalisation draws criticism THE International Monetary Fund (IMF) has never exerted any significant leverage to push countries to move faster than they were willing to go on capital account liberalisation albeit the fact that the Fund can improve its work on capital ... More PRIVATE BANKS Private banks slip on farm loan target, face RIDF option FACED with shortfalls in the mandated agriculture lending targets, some private sector banks are forced to park their funds in the Rural Infrastructure Development Fund (RIDF). Banking sources said that some of the advances classified as farm ... More CREDIT MARKET 
`Credit pick-up offsets rate hike impact on banks'A STRONG pick up in the credit off-take due to buoyant demand in the economy and revival of industrial activity have driven banks' core interest income significantly higher, said Mr V. Leeladhar, Deputy Governor, Reserve Bank of India. He was ... More MERGERS & ACQUISITIONS Banking M&As: Fusion and fission The banking scene presents a strange spectacle of banks intensely competing with one another without being competitive, that is, cost-efficient. The mergers and acquisitions route provided a viable alternative to non-viability. The real test of the s uccess of a merger is making people connect to each other. More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back May. 15-May. 21 Forex reserves fall $423 m Banks to get more leeway in call money market PSBs suffer 9% dip in profits, see rise in lending Shriram group picks S. African partner for life insurance foray Pvt banks as RRB sponsors seems a good bet |
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