The Hindu Business Line : Saturday, April 19, 2008

FOREX
Forex reserves see modest rise
Mumbai, April 18 Foreign exchange reserves for the week ended April 11 increased by a modest $ 482 million to touch $ 312.367 billion, due to a rise in foreign currency assets, according to the Reserve Bank of India’s Weekly Statistical ... More

FINANCIAL PERFORMANCE
South Indian Bank fourth quarter net profit doubles
Kochi, April 18 The net profit of South Indian Bank has grown by 98.76 per cent to Rs 44.84 crore (Rs 22.56 crore) for the fourth quarter of 2007-08. Addressing a press conference, Dr V.A. Joseph, Chairman of the bank, said that the net profit ... More

GENERAL INSURANCE
Max India in talks with health insurers
New Delhi, April 18 Max India Ltd will soon add health insurance to its company’s portfolio of life insurance, healthcare, speciality packaging products, clinical trials and medical training. It is in talks with a few global players in ... More

PUBLIC SECTOR BANKS
Corpn Bank award for small units
Corporation Bank has launched ‘Corp Excel 2008’ — the national micro, small and medium entrepreneurs’ excellence awards. A bank release said here that Corp Excel 2008’was formally launched by Mr Mukul Singhal, Joint ... More

FOREIGN BANKS
Indian operations a drag on Citigroup income
Higher credit costs to blame More

INTEREST RATES
No immediate hike: ICICI Bank
Reacting to the CRR hike by the Reserve Bank of India, Ms Chanda Kochhar, Joint Managing Director, ICICI Bank, said it would be a little early to say what the impact would be. “Profits will move down with cost of deposits. We have to see ... More

CRR & BANK RATES
‘Interest rates may come under pressure’
Thiruvananthapuram, April 18 The cash reserve ratio hike will restrict the ability of banks to create credit and put upward pressure on interest rates, but it is unlikely to have any impact on the prevailing inflation, according to Dr ... More

‘CRR hike in line with RBI strategy’
Thiruvananthapuram, April 18 The timing of the hike in the cash reserve ratio is in line with the time-tested strategy of the Reserve Bank of India to stir up the markets when they least expect it, according to Mr Amitabh Chakraborty, ... More

‘CRR hike will Moderate prices’
The Finance Minister, Mr P. Chidambaram, on Friday said the RBI move to raise cash reserve ratio by fifty basis points will have moderating impact on prices. “It will have a moderating impact on prices. It will take some time, ... More

Old private banks may revisit rates
‘CRR hike needed to check inflation, we have to work out costs’ More