The Hindu Business Line : Friday, May 10, 2002

Forex market stays dull
Mumbai:THE rupee closed at 48.96/9675 against the dollar as against the previous close at 48.9450/9550 in a dull forex market on Thursday. The rupee opened at 48.96/97. The market is seeing low volumes of trade as there are no fresh factors to ... More

PUBLIC SECTOR BANKS

J&K Bank posts net profit of Rs 260 cr
THE Jammu And Kashmir Bank has registered net profit of Rs 260 crore for the financial year ending March 2002, a 55 per cent growth over the previous year. The total income of the bank increased by 39 per cent to Rs 1,610.86 crore (Rs 1,157.28 ... More

SBI subscribes to Credit Info Bureau capital
STATE Bank of India has informed the BSE that it had subscribed to the initial capital of the Credit Information Bureau of India Ltd (CIBIL) to the tune of Rs 3.5 crore of the issued share capital of Rs 25 crore. This is the first call option ... More

FOREIGN BANKS

BoA's debt products investment unit soon
BANK of America (BoA) is setting up a new outfit for investing exclusively in debt products in India. The bank has applied to SEBI for registration as a "debt FII", Mr Duncan E. Goldie-Morrison, Managing Director and head of global markets ... More

TRADE & LABOUR UNIONS

`Banking industry in peril, wages can wait'
IN a major reversal of its stated position, the All-India Bank Employees' Association (AIBEA) has decided not to press with any immediate settlement of the wage structure and instead launch massive nationwide programmes to draw public attention ... More

CO-OPERATIVES

Urban co-op banks plan primary dealer for gilts
SMARTING under the impact of the recent Home Trade scam involving fraudulent dealing in gilts through brokers, a few major urban co-operative banks (UCBs) are planning to join hands for establishing a primary dealer (PD) to exclusively trade in ... More

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