The Hindu Business Line : Saturday, October 26, 2002

Merchant bankers get on the bondwagon
A SCRAMBLE by banks to beef up their capital adequacy ratios with Tier-II bond issues when the interest rates are low has invigorated the business-starved merchant bankers. As one issue after another hits the private placement market, merchant ... More

FOREX

Re ends weaker; gilts fall
Mumbai: THE rupee closed the day almost two paise weaker at 48.3650/37 against the dollar on Friday as against previous close of 48.38/39 in the forex market. "There was not much demand in the market for the greenback. Players were observed ... More

INFORMATION TECHNOLOGY

Syndicate Bank to network 200 branches
SYNDICATE Bank has chalked out an technology adoption programme involving investments of around Rs 100 crore to be spent over the next 18 months. The bank proposes to implement the centralised banking solution (CBS), envisaging networking 200 ... More

NBFCS

Peerless ties up with MetLife for savings bond
PEERLESS General Finance & Investment Company Ltd, the oldest and largest residuary non-banking company in the country, has tied up with MetLife India Insurance Company Pvt Ltd to offer free life insurance cover to those who purchase the Peerless ... More

HOUSING FINANCE

Andhra Bank housing loan drive

GENERAL INSURANCE

More convenience, but with a price tag — Mediclaim premiums set to rise
FOR mediclaim policy customers, here comes the bad news. Health insurance premiums are likely to show a considerable increase, if the insurance regulator has its way. The Insurance Regulatory and Development Authority has been pushing the four ... More

DEBT MARKET

Playing bond market is not banks' job
SOME primary dealers and a few, upstart new private banks seem to be holding positions in the bond market hoping for a cut in Bank Rate on October 29 by 50 basis points to 6 per cent. But others prefer to wait, fearing huge hits if the RBI ... More

Gilts trading details on Net

PRIVATE BANKS

DCB opens Rajajinagar branch

PUBLIC SECTOR BANKS

Corporation Bank net rises 27 pc — Higher treasury profits, spreads to the fore
HIGHER treasury profits, maintenance of spreads and increased retail lending have enabled the Mangalore-based, Corporation Bank to report a 27.3 per cent increase in net profit at Rs 118.70 crore for the quarter ended September 30, 2002 from Rs ... More

UCO Bank H1 net up 17 pc
IN the first-half of the current financial year (April to September), UCO Bank posted a 37 per cent growth in operating profit (before provisioning and contingencies) to Rs 272 crore as compared against Rs 197 crore in the same period of the ... More

Syndicate Bank operating profit rises 46.5 pc
THE operating profit of Syndicate Bank rose from Rs 181.44 crore as of September 2001 to Rs 265.80 crore as of September 2002, a 46.5 per cent increase compared to the previous increase of 16.5 per cent for the corresponding period. According ... More

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