The Hindu Business Line : Friday, February 01, 2008

FOREX
Rupee ends flat
The rupee was flat as it tracked the Sensex. The rupee opened at 39.40 and closed at 39.37/38, unchanged from the previous close of 39.38. During the day it traded between 39.36 and 39.44. A forex dealer with a private bank said that public ... More

FINANCIAL PERFORMANCE
City Union Bank Q3 net rises 83%
Chennai, Jan. 31 A 25 per cent increase in net interest income and a doubling of ‘other income’ helped City Union Bank post a net profit of Rs 25.38 crore for the third quarter of the current year, 83 per cent higher than in the ... More

LVB net profit grows 23%
Lakshmi Vilas Bank’s net profit increased by 23 per cent to Rs 3.82 crore for the quarter ended December 2007 against Rs 3.10 crore during the same period of the previous year. Its total income grew by 16.8 per cent to Rs 143.06 crore (Rs ... More

YES Bank net profit up 13.25%
YES Bank has reported 13.25 per cent rise in net profit for the third quarter ended December 2007 to Rs 54.24 crore as against Rs 47.89 crore reported in the corresponding quarter a year ago. Total income for the quarter was up 115.5 per cent at ... More

Non-interest income boosts United Bank net 9%
Interest income drops; slowdown in advances More

Muthoot Capital net at Rs 1.21 cr
The net profit of Muthoot Capital Services has grown by 73 per cent to Rs 1.21 crore (Rs 70 lakh) during the third quarter of current fiscal. The total income of the NBFC grew to Rs 3.60 crore (Rs 2.20 crore). Mr Thomas George Muthoot, ... More

Dhanalakshmi Bank net up 77%
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LIFE INSURANCE
Aviva ups capital base by Rs 246 cr
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LIC, APOnline team up
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CREDIT RATING
SMEs demand for credit rating on the rise
Chennai, Jan. 31 Since its inception in September 2005, the SME Rating Agency of India Ltd (SMERA) has credit rated 1,400 small and medium sized companies, SMERA’s Chief Executive Officer, Mr Rajesh Dubey, said on Thursday.The ... More

PRIVATE BANKS
South Indian Bank branch
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PUBLIC SECTOR BANKS
DSP Merrill Lynch in distribution pact with Oriental Bank
New Delhi, Jan. 31 DSP Merrill Lynch Fund Managers on Thursday signed a distribution agreement with Oriental Bank of Commerce (OBC) to distribute its investment products especially mutual funds through the latter’s branch ... More

INTEREST RATES
HDFC cuts home loan rates 25 bps
Housing finance company HDFC said on Thursday that it has reduced its retail prime lending rate (RPLR) by 25 basis points, with effect from February 1. The reduction in rates will benefit all the existing borrowers. The HDFC’s ... More

Lending rates are headed down, say economists
Likely after April policy; triggered by Fed rate cut More

GOVT BONDS
Bond prices up 30 paise
Bond prices rose by around 30 paise reacting to the 0.5 percentage point cut in interest rates by the US Federal Reserve. Total traded volumes on the order matching system were at Rs 8,530 crore. “Bond prices rose during the day as the cut ... More

SHORT TERM INSTRUMENTS
Call rates move up
Call rates closed higher at 8-8.25 per cent against the previous close of 6.6-6.8 per cent. In the one-day auction under the Liquidity Adjustment Facility, the RBI received and accepted three reverse repo bids for Rs 20,075 crore. There were no ... More