Financial Daily from THE HINDU group of publications
Sunday, May 01, 2005
Financial Daily from THE HINDU group of publications Sunday, May 01, 2005 |
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MONEY & BANKING FOREX Forex reserves increase by $1 billion THE country's forex reserves surged by $1.001 billion for the first time in the new fiscal, during the week ended April 22, 2005, after recording modest gains in the last three weeks. During the week ended April 22, reserves surged to $142.546 ... More INFORMATION TECHNOLOGY 
An encounter with ATMALMOST a year ago a colleague of mine had a run-in with the ATM of one of the two major American banks in India. He put in his card, punched in a request for Rs 8,000 in cash, and the money duly spilled out of the cash dispenser. So far, all ... More FINANCIAL PERFORMANCE 
ICICI Bank Q4 net up 35 pc; to pay 85 pc dividendICICI Bank Ltd has reported a 35-per cent increase in profit after tax at Rs 615 crore for the fourth quarter of 2004-2005, compared to Rs 455 crore in the year-ago period. Higher net interest income and fee income drove profits up, said Ms ... More NBFCS Shriram Group: Reject FINANCIAL POLICY Banks allowed to treat part of IFR as Tier-I capital THERE'S good news for bankers! The Reserve Bank of India has acceded to their request of allowing them to treat a portion of the Investment Fluctuation Reserve (IFR) as part of their Tier-I capital. In a circular to commercial banks, RBI has ... More RBI & OTHER CENTRAL BANKS RBI permits doorstep services by banks The Reserve Bank of India has allowed banks to start doorstep banking, including collection of cash, but with its prior approval. Individual banks will have to formulate separate schemes for doorstep banking and obtain RBI approval before ... More PEOPLE 
S.C. Gupta to take over as CMD of PNBMR S.C. Gupta, Chairman and Managing Director, Indian Overseas Bank, will take over as the Chairman and Managing Director of Punjab National Bank. A Finance Ministry notification issued on Saturday said he would hold this post till May 31, ... More TRENDS Bank credit decreases by Rs 9,427 cr GROSS bank credit decreased by Rs 9,427 crore to Rs 11,32,274 crore, for the fortnight ended April 15, according to RBI's Weekly Statistical Supplement against Rs 11,41,701 crore in the previous fortnight. This is inclusive of food credit, ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Apr. 24-Apr. 30 RBI moots self-regulatory body for card issuing banks `Average earner is risk averse' Rates might take a breather for now Time to promote intra-Asian capital flows `At least one big ticket bank merger likely this year' Reverse repo rate hike — PDs nervous, seek safety net 'No velvet glove to big defaulters' Keyman cover can be sold as term policy only |
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