Financial Daily from THE HINDU group of publications
Sunday, June 12, 2005
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Financial Daily from THE HINDU group of publications Sunday, June 12, 2005 |
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MONEY & BANKING FINANCIAL SERVICES Wealth management by banks poised to grow PRIVATE banking is emerging as an important segment of business for some banks and non-banking financial companies (NBFCs) in India. Banks and NBFCs say there has been an increase in the number of private banking or wealth management clients ... More FOREX Forex reserves dip by over $1 b THE country's foreign exchange reserves have fallen by over $1 billion for the week ended June 3 on account of international currency revaluation and a dip in gold reserves. Forex reserves fell by $1.168 billion to touch $138.661 billion during ... More HOUSING FINANCE IDBI examining options to merge home finance arm with itself IDBI is examining options for merging its home finance arm - IDBI Housing Finance - with itself, said Mr V.P. Shetty, Chairman of IDBI Ltd. "This will not happen till March 2006. They (housing finance) are doing well. Dispersals have ... More FOREIGN DIRECT INVESTMENT `Take balanced view on FDI in private banks' MR M. Narasimham, the architect of Indian banking sector reforms, has said that the country should have a balanced view on foreign direct investments (FDI) in private banks. Instead of discussing the ceiling for such investments, it was more ... More PRIVATE BANKS Yes Bank: Invest at Rs 45 PUBLIC SECTOR BANKS Bank of India sees Rs 850-cr net this fiscal BANK of India is likely to see a net profit of Rs 800-850 crore for FY 2005-06, on a conservative basis, as compared with Rs 340 crore for the year ended March 2005, said Mr M. Balachandran, Chairman and Managing Director. The business mix ... More CREDIT MARKET Bank credit rises Rs 6,919 cr GROSS bank credit increased by Rs 6,919 crore for the fortnight ended May 27, to touch Rs 11,44,051 crore, according to the Reserve Bank of India's Weekly Statistical Supplement. This includes food credit, which increased Rs 1,335 crore to ... More ALLIANCES & JOINT VENTURES 
BoI, SIDBI tie up to boost credit to SMEsBANK of India (BoI) and Small Industries Development Bank of India (SIDBI) have signed a memorandum of understanding (MoU) to boost credit flow to small and medium enterprises (SMEs). The two banks have set an incremental lending target of Rs ... More RIGHTS ISSUE Lakshmi Vilas Bank: Invest SHAREHOLDERS should accept the rights offer of Lakshmi Vilas Bank. The offer is at a considerable discount to the prevailing market price and also at a substantial discount to the book value. The offer is priced at Rs 55 when the prevailing ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Jun. 5-Jun. 11 Forex reserves rise by $175 m Assocham pitches for rural home loans at 6 pc interest NBFCs active players in securities market Kotak Mahindra Bank buys Rs 1,000-cr stressed assets Banks sight treasury gains |
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