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MONEY & BANKING

FOREX


Forex reserves down $66 m
FOREIGN exchange reserves fell by $66 million, due to the euro gaining in value against the dollar in the currency basket. According to the Reserve Bank of India's Weekly Statistical Supplement, foreign exchange reserves touched $139.444 ... More

Rupee moves up; bond prices fall
MUMBAI: The rupee slightly gained against the dollar on Friday, buoyed by the surge in the domestic stock market. The rupee opened at 44.25 and touched an intra-day low of 44.31. It then climbed up to 44.10 and finally closed at ... More

FINANCIAL PERFORMANCE


Karur Vysya Bank net up at Rs 26 cr
KARUR Vysya Bank has clocked a net profit of Rs 25.86 crore for the quarter ended December 31, 2005, posting a 24.81-per cent growth over the same period last year. Total interest income rose to Rs 163.78 crore (Rs 146.97 crore). Interest on ... More

Andhra Bank Q3 net up 6 pc at Rs 129 crore
ANDHRA Bank has reported a 52.48-per cent growth in net profit from core banking operations (excluding profit on sale of investments) at Rs 108.49 crore during the third quarter ended December 2005, compared with Rs 71.15 crore in the same ... More

BoB net jumps to Rs 202.1 cr
BANK of Baroda has posted 190.9 per cent higher net profit at Rs 202.18 crore for the quarter ended December 31, 2005 against Rs 69.5 crore in the year ago quarter. Total income was Rs 2,047.66 crore (Rs 1,876.6 crore). Net interest income was ... More

LIC Housing Q3 net rises 40%
LIC Housing Finance Ltd's net profit for the third quarter ended December 31, 2005 has grown by 40 per cent, to Rs 58.65 crore, from Rs 42 crore for the corresponding quarter of the previous fiscal. Total income for the quarter rose by 19 per ... More

NBFCS


DBS nominees on board — Chola DBS aims to diversify portfolio
CHOLAMANDALAM DBS Finance Ltd, which is how Cholamandalam Finance and Investment Company will be renamed, aims to diversify its portfolio with the support of the new collaborators, DBS Bank of Singapore. Two products were specifically ... More

RBI & OTHER CENTRAL BANKS


IFC keen to boost rupee lending
IFC has, so far, not floated any bonds in the domestic market for meeting the rupee funding requirements. More

PRIVATE BANKS


Federal Bank raises $71.46 m via GDR
FEDERAL Bank has raised $71.46 million through a GDR issue. The transaction, which involved the issue of 18 million Global Depository Receipts, has not taken into consideration the possibility of over-allotment option, extending up to an ... More

  • ICICI Bank Udumalpet branch relocated

    MERGERS & ACQUISITIONS


    Bombay HC stays Ganesh Bank-Federal Bank merger
    In its order, the court observed: "It is not known as to how any such scheme (scheme of amalgamation) was drawn within such a short time and how it was accepted on January 9, 2006 and a proposal was given." More

    TRADE & LABOUR UNIONS


    Bank unions call for strike on March 9
    THE United Forum of Bank Unions, consisting of nine unions in the banking industry, has called for a token strike on March 9 demanding restoration of compassionate appointments in banks and granting one more option to the employees to join the ... More



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    Forex reserves down $66 m

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    In Depth

    Gender Justice
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    Looking back
    Jan. 15-Jan. 21
    IMD funds from Gulf may move into mutual funds

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    Committee asks SEBI to place depositories, DPs on high alert — Bank of Baroda, Andhra Bank follow-on offers

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    Bank credit rises by Rs 20,771 cr

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