The Hindu Business Line : Wednesday, January 23, 2008

FINANCIAL SERVICES
India’s wealth management business set to boom
The Indian wealth management industry is gearing itself up to meet expanding market opportunities. Providers, products, channels, technology, regulation and clients are coming together in the wealth management space to capitalise on tremendous ... More

FOREX
Rupee gains 6 paise
More

FINANCIAL PERFORMANCE
Bank of India Q3 net doubles on higher income
Windfall gains in treasury and substantial rise in interest income help More

Corporation Bank net at Rs 191 cr
Mangalore, Jan. 22 Corporation Bank has recorded a net profit of Rs 190.9 crore during the third quarter of the financial year as against Rs 146.42 crore in the corresponding period of the previous fiscal, registering a growth of 30.4 per ... More

AGRICULTURAL INSTITUTIONS
Nabard projects Rs 37,546-cr credit potential for Kerala
More

PUBLIC SECTOR BANKS
PSBs emerge unscathed in volatile market
Kolkata, Jan 22 Despite the drastic fall in stock market indices, the portfolios of the public sector banks remain protected. “We’ve well laid out system of managing our portfolios having exposure to both shares and mutual ... More

SBI’s 436th ATM opened
State Bank of India’s 436th ATM in Bengal Circle, which is also 121st ATM in Kolkata, was inaugurated at the Customs House here on Tuesday by Mr H. Saran, Chief Commissioner, Central Excise. Mr B.B. Agarwal, Commissioner of Customs (Ports) ... More

Canara Bank donates bus

INTEREST RATES
SIDBI cuts PLR and deposit rates
Small Industries Development Bank of India (SIDBI) reduced its prime lending rate by 0.5 per cent and its deposit rates by 0.25 per cent. The PLR, which is at 1.25 per cent will be reduced to 12 per cent with effect from January 28, while the ... More

GOVT BONDS
Bond prices rise 50 paise
Bond prices rose by around 50 paise as the weakness in the domestic stock market buoyed sentiment in the debt market. Total traded volumes on the order matching system were at Rs 17,760 crore. Dealers said that prices surged by as much as a rupee ... More

CREDIT MARKET
Bank of India to offer helpline to stockbrokers
Mumbai, Jan 22 To help brokers affected by the stock market crash, Bank of India may provide additional loans to brokers or adjust margins on the loans to some extent, said Mr T. S. Narayanasami, Chairman and Managing Director, Bank of India. ... More

SHORT TERM INSTRUMENTS
Call rates move up
More

FIXED DEPOSITS
Vijaya Bank redeems Rs 2,000-cr bulk deposits
Net up 37% in Q3 on improved interest income and treasury profits More

MERGERS & ACQUISITIONS
Board meeting put off; SBI group consolidation likely to be delayed
New Delhi, Jan 22 Consolidation of associate banks’ of State Bank of India (SBI) with their parent bank is likely to get delayed for some time if the latest turn of events is any indication. The crucial board meeting of the six ... More

ALLIANCES & JOINT VENTURES
Canara Bank, ECGCI in tie-up
Canara Bank has entered into corporate agency agreement with the Export Credit Guarantee Corporation of India Limited (ECGCI). A Canara bank statement said the agreement was signed by Mr M. B. N. Rao, Chairman and Managing Director of Canara ... More

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