Financial Daily from THE HINDU group of publications
Wednesday, July 06, 2005
Forex Rates
Forex Trends Euro |USD |Forex Report |

Port Info


Group Sites



Rupee loss widens; gilts range-bound
MUMBAI: The rupee continued with its losses for the second day in a row, as the dollar gained against all major currencies, said dealers. However, the fall of the rupee was offset by dollar inflows. The rupee opened at 43.5550/56, ... More


J&K Bank counting on better results
THE Jammu & Kashmir Bank stock is on an upward move in the last one week on expectation of good first quarter results, brokers and analysts said. In the last few months, the stock price of the bank had fallen following decline in net profit in .. More


United India cover for SBH clients
STATE Bank of Hyderabad (SBH) has tied up with United India Insurance Company Ltd to launch `SBH Arogya Suraksha,' a special health cover. According to a press release here on Tuesday, the scheme is specifically designed for the account ... More


Yes Bank, SIDBI tie up to offer loans to SMEs
SMALL Industries Development Bank of India and Yes Bank announced a tie-up today to provide credit and other financial products to the small and medium enterprises sector, under a new co-brand called Yes SIDBI. The banks are looking at a ... More


IOB thrust on education loans
INDIAN Overseas Bank will focus on `education loans' for growing its retail portfolio, the bank's Chairman and Managing Director, Mr T.S. Narayanasami, has said. The bank's education loans grew from Rs 239 crore against 19,462 accounts in ... More


Bonds: Days of high yields over
WITH the Federal Open Market Committee (FOMC), which sets US interest rates, voting for yet another raise at its meeting last week, Fed Funds have moved up to 3.25 per cent from one per cent a year back. What is more, there has been no ... More


APSFC brings down borrowing costs and NPAs
THE Andhra Pradesh State Financial Corporation (APSFC) has successfully brought down its average cost of borrowings and net non-performing assets (NPAs) during the fiscal ended March 2005, according to its Chairman, Mr M. ... More

Dena Bank aims to trim NPAs to 2 pc by year-end
DENA Bank has set a target of lowering its net performing assets (NPA) to 2 per cent by the end of this financial year from the current level of 4.90 per cent. Mr M.V. Nair, Chairman, Dena Bank, said that the NPA level had fallen to 5.23 per ... More


United Bank to scale up export credit exposure
UNITED Bank of India proposes to tie up with Exim Bank to provide funds to customers engaged in foreign trade. An agreement between the two parties, which will jointly offer term loans and working capital to clients, is expected to be ... More


Banks find India Post a tough rival in deposit mop-up
The rates on deposits offered by SBI and other banks are at least 0.75 percentage point to one percentage point lower than those offered by India Post. More


Syndicate Bank fixes offer price band at Rs 46-50
SYNDICATE Bank has announced that the price band for its follow-on public issue will be between Rs 46 and Rs 50, according to a release from the bank. Syndicate Bank will offer five crore equity shares of Rs 10 each for cash through a 100 per ... More


Logica CMG tool for IndusInd
BANGALORE: Logica CMG is to implement NetEconomy's ERASE compliance manager, an anti-money laundering (AML) solution, at IndusInd Bank in Mumbai. The solution enables the bank to monitor customer profiles and `suspicious' financial ... More

Comments & Letters to the Editor to:
Subscribe to: Business Line
Pick a Winner Stock Market Contest

Top Stories
Reader's Digest plans desi version

Commodity bourses to move towards compulsory delivery — Uniform margin system planned

Cement majors post 10 pc rise in June shipments

India's '03 trade GDP ratio at 30 pc: WTO

NHAI awards Rs 580-cr project to Gammon consortium

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition

In Depth

Gender Justice
Simple Economics
Tax Talk

Looking back
Jun. 26-Jul. 2
NCR to run cheque truncation pilot project

Plan to hike two-wheeler third party insurance premiums shelved

Bank of Punjab, Centurion merger ratio fixed at 4:9 — New entity to be called Centurion Bank of Punjab

Current account surplus in Q4 — Trade deficit for the year at record $38 b

Govt working on special credit plan for SMEs

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line