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Saturday, January 29, 2005
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FOREX


Rupee firms up; securities rise
MUMBAI: The rupee closed stronger at 43.72-43.725 against the dollar on Friday, helped up by the firming up of the stock market. It had finished the previous session at 43.79/80 levels. The intra-day low for the domestic currency was ... More

FINANCIAL PERFORMANCE


SBI Q3 net up 19.56% on higher interest income
BOOSTED by higher net interest income and lower cost of deposits, State Bank of India has recorded a 19.56-per cent growth in net profit in the third quarter at Rs 1,099.35 crore, against Rs 919.44 crore in the corresponding period the previous ... More

IndusInd Bank Q3 net declines 44 pc
INDUSIND Bank has recorded a 44 per cent dip in net profit in the third quarter ended December 31,2004 to Rs 42.85 crore from Rs 77.09 crore in the same period the previous year. "The performance of the bank for the current year reflects a ... More

KVB third quarter net falls to Rs 21 crore
KARUR Vysya Bank's net profit has slipped by more than half to Rs 20.72 crore for the quarter ended December 2004 compared with Rs 44.54 crore during the corresponding period of the earlier fiscal. The net profit has dropped by 37.49 per cent ... More

HOUSING FINANCE


HDFC property fair in Vizag
HDFC has so far sanctioned housing loans worth Rs 430 crore and disbursed Rs 380 crore during the first nine months of the current financial year and it hopes to sanction Rs 630 crore by the end of the year, according to Mr B.V Sundararajan, ... More

FINANCIAL POLICY


Provident funds allowed to invest 5 pc in equities
IN a landmark development the Government has allowed all non-Government provident funds, superannuation funds and gratuity funds to invest in equity market. As per the revised guidelines released today on the investment pattern to be followed, ... More

HUMAN RESOURCES


IDBI appoints HR consultants to revamp compensation package
IDBI has appointed HR consultants to revamp the compensation packages for employees, said Mr M. Damodaran, Chairman and Managing Director, here today. Speaking to presspersons, on the sidelines of a Bombay Management Association function, which ... More

PUBLIC SECTOR BANKS


Chidambaram urges banks to speed up tsunami relief
THE Finance Minister, Mr P. Chidambaram, today urged public sector banks to clear applications received for tsunami relief within 48 hours. However, the applicants should be eligible for the loan. In his meeting with Chief Executives of public ... More

Corpn Bank to vend Franklin Templeton MF products
CORPORATION Bank has announced plans to distribute mutual fund products of Franklin Templeton Investments as a part of its strategy to increase its fee-based income. A bank release said here on Friday that Mr N.N. Pal, General Manager ... More

PSB officials may be out of CVC, CBI purview
THE public sector banking industry might not be the same very soon with the proposed new autonomy package promising to usher banks into a new world of freedom. Some of the issues under the Government's consideration are removing bank officials ... More

PNB net up 21 pc in Q3 — To pay 30 pc interim
PUNJAB National Bank (PNB) has recorded a net profit of Rs 314.27 crore for the third quarter ended December 31, 2004, a 21 per cent rise over Rs 259.80 crore recorded during the same period in the previous fiscal. Operating profit stood at ... More

SBI begins 12-hr banking at MG Road branch in Kochi
KOCHI: The State Bank of India has commenced 12-hour banking at its MG Road branch here to suit the convenience of customers. The extended hours for customer transactions will be from 8 a.m. to 8 p.m. during weekdays and 8 a.m. to 3 p.m. ... More

Canara Bank ATM opened at Thiruvananthapuram airport
THIRUVANANTHAPURAM: The Director, Airport Authority of India, Mr Narinder Kaushal, inaugurated an ATM centre put up by Canara Bank at the domestic terminal of the Thiruvananthapuram International Airport. Announcing this, an official ... More

CREDIT CARDS & DEBIT CARDS


Rail tickets thru Itz Cash card
THE Indian Railway's marketing wing, Indian Railway Catering and Tourism Corporation (IRCTC), has tied up with Intrex India Ltd, an Essel Group company, to enable railway ticketing through Internet using the multipurpose pre-paid Itz Cash card as ... More

CO-OPERATIVES


RBI curbs on withdrawals from Kanyaka Bank
HYDERABAD: IN view of the liquidity problems being faced by Kanyaka Parameswari Bank, a Hyderabad-based urban co-operative bank, the Reserve Bank of India, on Thursday, imposed restrictions on withdrawal of deposits. The bank's ... More


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