MONEY & BANKING
OVERSEAS BORROWINGS
IndusInd Bank to raise Rs 200 cr thru GDR issue
Third quarter net falls 21 pc due to `tax credit distortions'
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FOREX
Flexible rates may instil greater fiscal restraint
Should developing countries have a flexible exchange rate, which responds freely to market pressures? This was the question that Business Line posed to Mr Ramkishen S. Rajan, Associate Professor in International Economics at the School of ...
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Rupee gains against dollar
The rupee gained by almost two paise against the greenback on dollar selling by exporters. The home currency opened at 44.30/32, touched an intra-day low of 44.34 to finally close at 44.20/21 against Thursday's 44.23/24. The ...
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Rupee's rise against dollar tempers gold
Slowdown in physical demand hurting demand
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FINANCIAL PERFORMANCE
Andhra Bank net up at Rs 136.3 cr
Steep fall in non-performing assets; yield on advances rise to 9.7 pc
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IFCI's Q3 net at Rs 129.4 cr
IFCI Ltd on Monday reported a net profit of Rs 129.37 crore on a total income of Rs 367.54 crore for the quarter ended December 31, 2006. The company had registered a net loss of Rs 17.37 crore on a total income of Rs 279.91 crore for the same ...
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HOUSING FINANCE
PNB Housing Finance targets Rs 600-cr loan disbursement
PNB Housing Finance Ltd, a wholly owned subsidiary of Punjab National Bank, said on Monday that it expects its total loan disbursement to cross Rs 600 crore in the current fiscal. The company's loan disbursements in fiscal 2005-06 stood at Rs 393 ...
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LIFE INSURANCE
UCO Bank net marginally rises to Rs 122.9 cr in Q3
Business crosses Rs 1-lakh cr; `CAR quite comfortable'
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HUMAN RESOURCES
Allahabad Bank's reward scheme for employees
The employees of Allahabad Bank must be a jubilant lot now. The reason: the bank has provided them with an opportunity to have their dream fulfilled and that too at the bank's cost. All they have to do is to mobilise low-cost deposits and score ...
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RBI & OTHER CENTRAL BANKS
RBI hints at measures to contain inflation
Credit growth exceeds 30 per cent
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PRIVATE BANKS
UTI Bank: Keenly watched for its new foray
Analysts are zeroing in on the UTI Bank stock for what some of them say are the bank's growth plans, reflected as they are on its expanding network. The bank, which has lately reported stronger treasury profits and stable asset quality, is ...
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GOVT BONDS
Bonds fall ahead of monetary policy
Bond prices fell by more than 15 paise ahead of the quarterly review of the monetary policy on Wednesday. Total traded volumes on the order matching system were Rs 1,050 crore. Market participants were apprehensive ahead of the monetary policy ...
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SHORT TERM INSTRUMENTS
Call rates down at 7.7-7.9 pc
The inter-bank call rate closed at 7.7-7.9 per cent (7.8-8 per cent). In the first two-day reverse-repo auction under LAF, the RBI received and accepted one bid for Rs 35 crore and in the repo auction, it received and accepted 11 ...
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FIXED DEPOSITS
BoI hikes term deposit rates
Bank of India has hiked the interest rates on domestic term deposits across maturity of one year and above, effective February 1. For deposits of less than Rs 15 lakh with a maturity of one year to less than two years and two years to less ...
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SBT's special deposit scheme
State Bank of Travancore (SBT) has launched a new deposit scheme `SBT 2007 Special' with distinct benefits and higher rate of interest. The maximum period of deposit will be three years with a lock-in period of one year. It ...
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