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Friday, January 28, 2005
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MONEY & BANKING

FINANCIAL SERVICES


IOB board okays subsidiary for financial services
INDIAN Overseas Bank's board of directors has approved the formation of a subsidiary company for providing financial services. Asked for a comment on this, the bank's Chairman and Managing Director, Mr S.C. Gupta, told Business Line that ... More

FOREX


Rupee sheds early gains; securities lacklustre
MUMBAI: The rupee closed at 43.79-43.80 against the dollar on Thursday, after making some initial gains in line with the dollar's weakness against other international currencies. The domestic currency had finished the previous session ... More

FINANCIAL PERFORMANCE


Vijaya Bank Q3 net down 49 pc
VIJAYA Bank has reported a 49.44 per cent reduction in net profit for the third quarter this financial year to Rs 55.67 crore against Rs 110.11 crore during the corresponding quarter of the previous financial year. The bank's reduced net ... More

DERIVATIVES MARKETS


Trading in rupee options picking up
Inter-bank players in rupee options managed to rake in decent profits by taking advantage of wild fluctuations in the value of rupee. More

PRIVATE BANKS


Karnataka Bank donates Rs 50 lakh to PM's Relief Fund
THE Chairman and Chief Executive Officer of Karnataka Bank Ltd, Mr Anantakrishna, handed over a demand draft of Rs 50 lakh to the Chief Minister, Mr Dharam Singh, in Bangalore recently. A bank release said here on Thursday that this was bank's ... More

PUBLIC SECTOR BANKS


Coin dispenser installed at Coimbatore
STATE Bank of India has installed a `coin dispenser' at the Railway Station in Coimbatore to facilitate the user source change in denomination of Re 1, should a need arise at a crucial time. It has been fixed next to the platform ticket ... More


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Top Stories
Trading in rupee options picking up


Dabur buys 3 Balsara group cos for Rs 143 cr

Indian Immunologicals forms joint venture with US company for livestock breeding

GE Shipping posts Rs 288-cr net in Q3

SAIL Q3 rises to Rs 1,514 cr — To pay 15% interim

Hexaware Q4 net up multi-fold

Vijaya Bank Q3 net down 49 pc

In Focus

BHEL Disinvestment
The Yuan Revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Jan. 16-Jan. 22
Forex reserves decline $2 b on revaluation of currencies

FCI to float bonds to raise Rs 1,000 cr

NHB to launch housing index

Market participants upbeat on banking stocks

Tough laws a cover for poor supervision?

IDBI, Bank share swap ratio fixed at 100:142

With increase in credit offtake — PSBs not keen to return capital to Govt


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