The Hindu Business Line : Friday, July 27, 2007

FOREX
Rupee ends flat on dollar buying
The rupee ended flat at 40.35 on Thursday. The home currency opened at 40.35 and saw an intra-day high of 40.28 due to some selling but subsequently went up to close at 40.35. “The nationalised banks were buying dollars and that weakened ... More

FINANCIAL PERFORMANCE
Dena Bank Q1 net jumps 201% to Rs 55.6 cr
Higher growth attributed to rise in operating income More

ING Vysya Bank Q1 net rises 71%
Bangalore, July 26 ING Vysya Bank has reported a net profit of Rs 25.32 crore in the first quarter (Q1) of the current financial year 2007-08 (FY08), a 71.2 per cent increase over Rs 14.79 crore in Q1 of FY07.The bank’s gross ... More

PRIVATE BANKS
RBI penalises Catholic Syrian Bank
Mumbai, July 26 The Reserve Bank of India has imposed a penalty of Rs 10 lakh on Catholic Syrian Bank Ltd for non-adherence to Know-Your-Customer norms and AML standards while opening and operating certain accounts and failure of the ... More

GOVT BONDS
Bonds gain on short covering
Bond prices rose about 15 paise and the yield fell by two basis points on short covering by traders. The yield on the 10-year paper ended at 7.8 per cent (7.82 per cent). The total traded volumes on the order matching system were Rs 5,010 crore ... More

SHORT TERM INSTRUMENTS
Call rates end at 0.2-0.3%
The inter-bank call rates ended flat at 0.2-0.3 per cent on Thursday. In the first one-day reverse repo auction, the RBI received 46 bids for Rs 77,930 crore while it accepted Rs 1,994 crore. There was no repo bid in the first one-day auction. ... More

FIXED DEPOSITS
Short-term deposits moving up slowly!
Chennai, July 26 Bank depositors put a bulk of their money in short-term deposits, especially below one year. Driven partly by the incentive of higher rates for such deposits offered by many banks during the past year, depositors have parked ... More