The Hindu Business Line : Saturday, October 18, 2003

Rupee ends lower; bonds shed gains
MUMBAI: The rupee closed at 45.34/35 per dollar on Friday, lower by a couple of paise as compared to Thursday's close at 45.32/33. The domestic currency remained volatile throughout the day hitting an intra day low of 45.41 and swinging ... More

FINANCIAL PERFORMANCE

PNB Gilts H1 net up 327 pc at Rs 86 crore
PNB Gilts has posted a net profit of Rs 86.32 crore for the first half of the current fiscal, a 327 per cent increase over the previous year. The company, which saw turnover rise by 173.01 per cent to touch Rs 71,245 crore, has declared an ... More

UTI Bank net up 45 pc on retail growth in Q2
BUOYED by increasing retail business, UTI Bank has registered a 45.3 per cent in net profit for the second quarter ended September 30 at Rs 64.18 crore, up from Rs 44.17 crore in the corresponding previous period. Total income increased to Rs ... More

Dewan Housing net rises 14 pc
DEWAN Housing Finance Ltd has reported an increase of 13.8 per cent in net profit year-on-year for the quarter ended September 30, 2003. Net profit increased from Rs 4.63 crore during the corresponding period of the previous quarter to Rs 5.27 ... More

NBFCS

Tata Finance case shifted to CBI: Stay granted for 4 weeks
THE Bombay High Court today transferred the Dilip Pendse-Tata Finance case to the Central Bureau of Investigation (CBI) from the Mumbai police, and then stayed the transfer a few hours later following an appeal made by the State Government. The ... More

LIFE INSURANCE

Meet on life insurance biz
MANGALORE: The Justice K.S. Hegde Institute of Management, Nitte, will hold a panel discussion on "Life insurance business in the present scenario" here on October 18. A press release by the programme coordinator, Mr K.U. Nayak, said ... More

GENERAL INSURANCE

There is enough room for all in health cover
NOTWITHSTANDING the current state of the TPAs, there is unanimity in the view that the future would be better. Fundamentally, because the rising health costs would force people to cover themselves with insurance. As hospitals and TPAs connect ... More

Royal Sundaram launches Education Shield
ROYAL Sundaram Alliance Insurance Company has introduced Education Shield, a comprehensive insurance package for educational institutions, to cover physical assets as well as the welfare of students, staff members and the public. The product ... More

Dhanalakshmi Bank to market UI products
THE Thrissur-based Dhanalakshmi Bank has tied up with United India Insurance Company, in order to market insurance products through all the bank's branches. The bank had a network of 160 branches and a total business turnover of Rs 3,000 ... More

PRIVATE BANKS

South Indian Bank branch at Malappuram dt.
KOCHI: The Thrissur-based South Indian Bank opened its 400th branch at Kottakkal in Malappuram district on Friday. The new branch was opened by Dr P.K. Warrier, Managing Trustee and Chief Physician of Kottakkal Arya Vaidya Sala. Mr A. ... More

PUBLIC SECTOR BANKS

Canara Bank to float ECB bonds
The bank's issue is said to be competitively priced at 46 basis points over the London Interbank offered rate. More

NON-PERFORMING ASSETS

HDFC Bank told to withhold recovery from S&S Power
HDFC Bank has been restrained from executing the recovery certificate, obtained from the Debt Recovery Tribunal (DRT) against S&S Power Switchgear Ltd (SSPSL), by the Board for Industrial and Financial Reconstruction (BIFR). The BIFR bench ... More

CREDIT CARDS & DEBIT CARDS

Air Sahara, SCB launch co-branded credit card
AIR Sahara, which is to acquire two more 50-seater CRJ aircraft in the next two days, has partnered with Standard Chartered Bank to introduce a co-branded credit card - the `Air Sahara Standard Chartered Gold card'. The card offers free ... More

EVENTS

Need for structural changes in banking industry stressed
THE Chairman and Managing Director (CMD) of Corporation Bank, Mr K. Cherian Varghese, has hoped that India can become a major economic power by upgrading its infrastructure and by relaxing the rules to take the advantages of the liberalised ... More

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