MONEY & BANKING
INVESTMENT BANKING
SBI Cap in pact with ASCI to tap advisory space
SBI Capital Markets Ltd (SBI Cap), Mumbai and Administrative Staff College of India (ASCI), Hyderabad, have signed a memorandum of agreement (MoA) to work together in infrastructure advisory opportunities. The period of the MoA is valid till ...
More
INSIGHT
Fed unlikely to change stance on rates
YET another meeting of the Federal Open Markets Committee (FOMC) of the US Federal Reserve began on Monday. It will continue Wednesday ending with the announcement of the rate decision on Wednesday afternoon EST (past midnight Thursday IST). ...
More
FOREX
Rupee steady; bonds lacklustre
MUMBAI: The rupee closed at 45.35/3550 per dollar on Tuesday, almost unchanged from Saturday's closing at 45.3575. After opening the day at 45.36/37, the domestic currency remained in a narrow four paise band, touching a high of 45.34 ...
More
FINANCIAL PERFORMANCE
Conversion into bank lifts KMB revenues
KOTAK Mahindra Bank has staged a 67.8 per cent jump in net profit for the third quarter ended December 31, 2003 at Rs 18.95 crore, up from Rs 11.29 crore in the corresponding period of the previous year. Net interest income jumped 147 per cent ...
More
Higher margins boost IDBI Bank Q3 net
WITH higher margins from core banking business and increase in fee income, IDBI Bank has registered a 32.5 per cent increase in net profit at Rs 36.3 crore for the third quarter ended December 31, 2003 up from Rs 27.4 crore in the corresponding ...
More
PRIVATE BANKS
`Banking has undergone a creditable transformation'
Mr N. Vaghul, the articulate Chairman of ICICI Bank, conducted us through a tour de force of the banking and financial sector, when we asked him to look back at the decade that just went by. He has been credited with transforming ICICI ...
More
INTEREST RATES
FCI sops may impact banks' profit: Crisil
THE Government's decision to reduce interest rates on bank loans to Food Corporation of India (FCI) and allowing it to borrow funds directly from the market could impact the pre-tax profits of public sector banks by 4.5 per cent in the near term, ...
More
NON-PERFORMING ASSETS
I-T relief unlikely for floating provisions — Banks face hefty rise in tax liabilities
BANKS are unlikely to get any tax exemption on the floating provisions made for any potential non-performing assets (NPA). Instead, their tax liabilities are expected to rise. Several banks have made floating provisions for the current year in ...
More
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds