MONEY & BANKING
FOREX
Rupee up 8 paise; securities weak
MUMBAI: The rupee on Friday breached the 45.50 mark to close at 45.4450/4550 in its value against the dollar. On Thursday, the domestic currency closed at 45.53/54. The central bank is said to have been protecting the rupee at the 45.50 ...
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`Rupee may rise to 43.50 by year-end'
STANDARD Chartered Bank sees the rupee, rising from strength to strength in the year 2004. The domestic currency in its value against the dollar is expected to end the year at 43.50. Since June 2002, the rupee has appreciated 7.4 per cent ...
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FINANCIAL PERFORMANCE
HDFC Bank Q3 profit up 32 pc
HDFC Bank has registered a 31.8 per cent jump in its net profit at Rs 130.36 crore for the third-quarter ended December 31, 2003, up from Rs 98.88 crore in the corresponding period of the previous year. Both interest earned and income on ...
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HOUSING FINANCE
Homing in
ICICI Bank home loan officials talking business with customers at `The Home Uthsav', a property show organised by the bank in Chennai on Friday. The bank offers low interest rates and other attractive packages for participating ...
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PUBLIC SECTOR BANKS
UCO Bank mulls overseas representative offices
UCO Bank is exploring the possibility of having representative offices, not full-fledged branches, in Kuala Lumpur (Malaysia) and Jakarta (Indonesia). Preliminary work has started. At present, the bank has four overseas branches, two each in ...
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J&K Bank plans interim dividend
INTEREST RATES
Bank customers' plea on interest rate
GOVT BONDS
States to borrow Rs 5,000 cr to prepay Central loans
The States have so far raised a total of Rs 23,000 crore from the open market this fiscal as additional borrowings over and above their normal allocated quota.
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Dada-Dadi bonds for senior citizens
AFTER the Varistha Pension Bima Yojana, the Government today announced another old-age income avenue for senior citizens - the Dada-Dadi bonds. The new bonds would be open for subscription from April 1 only for persons above the age of 60 ...
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NON-PERFORMING ASSETS
BoI seizes complex for loan default
MOVING one after another, the Coimbatore zone of Bank of India has taken constructive possession of yet another property, this time, a commercial complex - SB Towers, on the Pollachi Main Road. This is the fifth property taken over since ...
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MERGERS & ACQUISITIONS
IFCI merger with PSU bank by April 1
THE country's oldest development financial institution, IFCI Ltd, may cease to exist after April 1. The Finance Minister, Mr Jaswant Singh, today announced April 1 as the target date for the institution's merger into a public sector bank. "IFCI ...
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Cross Currency Rates
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