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Monday, May 10, 2004

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MONEY & BANKING

REGIONAL RURAL BANKS
Malaprabha Grameena Bank net profit up at Rs 34.49 cr
MALAPRABHA Grameena Bank, Dharwad, recorded a net profit of Rs 34.49 crore during 2003-04 as against a net profit of Rs 17.14 crore during 2002-03, registering a growth of 101 per cent. According to the Chairman of the bank, Mr B.S. Surendra, ... More

Golconda Grameena Bank moves to reduce NPAs
The bank expects to record a growth of Rs 40 crore in business during the current fiscal, with an increase of over 26 per cent. More

DEBT MARKET
Bond markets in for some volatility
The Fed will be extremely cautious while raising rates as it will not want to risk thwarting an incipient recovery. More

GOVT BONDS
Banks, life insurers turn active buyers of bonds
BONDS remained ranged during last week as markets were gripped by uncertainty over the direction of interest rates in the US. Traders said that the key factors driving domestic yields were the Reserve Bank of India's interventions, exit by ... More


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