The Hindu Business Line : Tuesday, January 21, 2003

Rupee slips; gilts decline
Mumbai: THE rupee ended on Monday at 47.9450/9500 against the dollar as compared to its earlier close of 47.9300/9350 in the forex market. The rupee was seen dipping a tad, on back of genuine corporate demand. Demand was seen exceeding supply, ... More

STOCKS

Volumes soar in Union Bank
UNION Bank of India today witnessed hectic activity. The stock gained 10 .47 per cent on the BSE with 87.48 lakh shares changing hands. According to dealers, the market interest in the stock is mainly due to its good third quarter performance. ... More

RBI & OTHER CENTRAL BANKS

Banks in a fix over `no staples'
THE Reserve Bank of India's decision to do away with stapling of new currency notes to increase the longevity of the notes has come under fire. Bankers say that the `no staple' practice, though widely prevalent worldwide, was still premature ... More

PRIVATE BANKS

IDBI Bank woos clients with high net worth
`SPECIAL treatment for special people' is the latest mantra for IDBI Bank, which has started wooing a select set of clients in a serious way. The plan is to provide various value-added services to a high net worth group, billed by the bank as ... More

Dhanalakshmi Bank net rises 36 pc in third quarter
THE net profit of the Thrissur-based Dhanalakshmi Bank has grown by over 36 per cent to touch Rs 4.45 crore (Rs 3.27 crore) for the quarter ended December 2002. The gross profit rose close to 75 per cent to Rs 20.46 crore (Rs 11.71 crore) in ... More

Federal Bank staff plan strike
KOCHI: The Federal Bank Employees Union has decided to go on a two-day nationwide strike on March 4-5 for achieving various demands. The demands included appointments to existing 1,000 vacancies, end of contract labour, sanctioning of ... More

PUBLIC SECTOR BANKS

Interest boosts Canara Bank Q3 net
CANARA Bank has declared a net profit of Rs 292 crore for the third quarter, a 4 per cent increase over the second quarter's Rs 281 crore, and an 83 per cent increase over the corresponding period in the previous year Speaking to presspersons ... More

Investment sales lift Corpn Bank net
PROFIT from sale of investments has boosted Corporation Bank's net profit for the third quarter ended December 31, 2002, to Rs 151.81crore as compared to Rs 91.45 crore in the corresponding period the previous year, a 66 per cent ... More

Refco bullish on PSBs
REFCO Group LLC, the world's largest futures commission merchant and diversified financial services group with over $4-billion client equity, is highly bullish on the Indian public sector banks (PSBs). The US-based group has operations in 14 ... More

Central Bank Lok Adalat today

FOREIGN BANKS

`HSBC India operations on right track'
THE HSBC Group is bullish on India. Sir Keith Whitson, Chief Executive of HSBC Holdings Plc, who is on a visit here, has said the outlook for the bank's operations in India are positive. "Our operations in India are progressively moving in the ... More

FIXED DEPOSITS

ICICI Bank cuts deposit rates
CLOSE on the heels of cutting housing loan rates, ICICI Bank on Monday announced a 0.25 per cent reduction in its domestic deposits rates, effective January 22. The move is in line with the prevailing interest rate trends in the market and will ... More

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