Financial Daily from THE HINDU group of publications
Tuesday, January 17, 2006
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Financial Daily from THE HINDU group of publications Tuesday, January 17, 2006 |
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MONEY & BANKING FOREX Rupee tad higher; bonds stay flat MUMBAI: The rupee ended with a marginal gain against the greenback on Monday in tandem with the appreciation of the euro against the dollar. The rupee opened higher but could not sustain its gains during the day. The domestic currency ... More FINANCIAL PERFORMANCE 
IndusInd Bank net dips 36% on higher cost of depositsINDUSIND Bank recorded a 36-per cent drop in net profit at Rs 27.37 crore for the quarter ended December 31, 2005, against Rs 42.85 crore for the corresponding period last year. The fall in profit was due to lower net interest income, ... More NBFCS Bajaj Auto Finance to raise Rs 950 crore — To include Rs 322-cr pref offer THE shareholders of Bajaj Auto Finance Ltd have authorised the board of directors at an extraordinary general meeting to issue equity shares/warrants worth Rs 322 crore on a preferential basis to promoters and other investors. . They have ... More LIFE INSURANCE SBI Life cover for Federal Bank home loan customers SBI Life Insurance, a joint venture between SBI and Cardif SA of France, has announced a tie-up with the Aluva-based Federal Bank to provide its home loan insurance scheme. An agreement in this regard was signed here on Monday between Mr S. ... More GENERAL INSURANCE Talks on renewal of treaties hit rough patch — No discounts, say reinsurers The refinery, power plant and industrial risks are likely to face steep increases in premiums as insurers pass through the costs of increases in reinsurance tariffs. More RBI & OTHER CENTRAL BANKS RBI panel moots more powers to PSE boards CORPORATE governance in public sector enterprises in the financial sector could be improved by shifting this responsibility from the administrative Ministries concerned to their (PSEs) boards. This was suggested by a Working Group on ... More PUBLIC SECTOR BANKS BoB subscribed 0.61 times; Andhra Bank 0.56 times THE follow on public issues of Bank of Baroda and Andhra Bank were subscribed 0.61 times and 0.56 times respectively. The issues, which opened today received 4.3 crore bids and 4.7 crore bids respectively, according to the NSE Web site. ... More INTEREST RATES Retail lending rates may rise: Purwar RETAIL lending rates, including housing loans, may rise in the short term because of the pressure on liquidity, said Mr A.K. Purwar, Chairman, State Bank of India. The pressure on liquidity is due to the recent redemption of India Millennium ... More NON-PERFORMING ASSETS Publicity for `One-Time Settlement' schemes not adequate: SME body THE Industrial and Financial Reconstruction Association for Small and Tiny Enterprises (Infraste) has complained to the Reserve Bank of India over the "poor publicity" given by banks to the RBI-directed `One-Time Settlement' scheme for small ... More
Unions want tough action on NPAs ALLIANCES & JOINT VENTURES Centurion beefs up retail thrust with IIL tie-up CENTURION Bank of Punjab has tied up with IL&FS Investsmart Ltd (IIL) for offering equity broking services to the bank's customers. This will provide customers seamless settlement of trade and funds for all their equity transactions done ... More PUBLIC OFFER Committee asks SEBI to place depositories, DPs on high alert — Bank of Baroda, Andhra Bank follow-on offers "There was an added urgency to ensure that corrective steps were taken in time since any wrongdoing in PSU banks is always a more sensitive matter." More CO-OPERATIVES KSCARD announces schemes for members KSCARD is said to be the first of such banks in the country to introduce a housing loan scheme. It was also the first to introduce credit cards for farmers and short-term loans and consumer loans for small-scale traders. More TRENDS CD ratio touches 79 per cent in Thiruvananthapuram THE credit-deposit ratio of banks in Thriuvananthapuram district touched 79 per cent in the first half of 2005-06, against the State CD ratio of 64 per cent. Priority credit disbursement in the district stood at Rs 1,671 crore in the first half ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Jan. 8-Jan. 14 Knowledge network, voting rights for overseas Indians soon: PM Easy remittance facility, special insurance planned More insurance agents in million-dollar club Liquidity back as Asian funds fancy equity `Bank deposit, credit growth higher in Q2' HDFC Bank Q3 net up 31% on retail growth US rate hikes near end? Bank investments in G-secs less than 35% of deposits ICICI Bank to hire 10,000 more this year — Retail growth drives recruitment drive PSBs courted on farm loans — Private, foreign banks behind targets Bank credit up Rs 46,622 cr Business figures as annualised premium — IRDA mulls switchover to global reporting system |
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