The Hindu Business Line : Tuesday, April 25, 2006

Kotak Mahindra GDS issue
Kotak Mahindra Bank raised about $100 million through the issue of 1.5- crore Global Depository Shares (GDS), the bank said in a press release. Each GDS represents one underlying equity share of Rs 10 each and was priced at ... More

FOREX

Rupee gains on dollar weakness
The rupee gained substantially on Monday as the dollar was weak against all major overseas currencies. Sustained dollar selling by foreign banks also helped the rupee to appreciate. The rupee opened at 45.08/0950 and touched ... More

FINANCIAL PERFORMANCE

Canara Bank net rises 21 pc
Robust operating profit drives growth in '05-06 More

Cholamandalam DBS Q4 net down 38 pc
Cholamandalam DBS Finance Ltd has reported lower net profit of Rs 5.13 crore on increased revenues of Rs 54.78 crore for the quarter ended March 2006, compared to net profit of Rs 8.27 crore on revenues of Rs 52.60 crore for the corresponding ... More

Reliance Capital Q4 net rises seven-fold
Reliance Capital Ltd (RCL) has posted a seven-fold rise in its net profit for the quarter ended March 31. At Rs 286 crore, RCL recorded a 709 per cent increase from Rs 35 crore in the year-ago period. This came as RCL returned a total income ... More

PRIVATE BANKS

IndusInd Bank to raise Rs 350 cr in Tier II bonds
Mulls GDR issue; proposes tie-ups with overseas banks More

IDBI plans for consolidation
Bank intends to open 200 plus ATMs in the next six months More

`No out-of-court settlement with SHCIL'
IndusInd Bank has firmly ruled out the possibility of entering into an out-of-court settlement with Stock Holding Corporation of India (SHCIL) with regard to the court case related to Calcutta Stock Exchange. The bank, indicated Mr Bhaskar ... More

PUBLIC SECTOR BANKS

Liquidity improving, say banks
Top bankers on Monday told the Finance Minister, Mr P. Chidambaram, that the liquidity situation was improving compared to the tightening of liquidity that banking system had witnessed towards the end of the previous fiscal. "The Finance ... More

Union Bank bancassurance earnings up
Selling insurance and mutual fund products earned Union Bank of India a fee income of Rs 20 crore last year, compared with Rs 12 crore in the previous year. The bank has now set a target of Rs 50 crore for the current year. According to Mr ... More

GOVT BONDS

Dull trading in bonds
The bond market was dull ahead of Tuesday's auction, with primary dealers staying away from active trade. There was no aggressive buying or selling though there was support towards the close of trade as prices fell, said a dealer ... More

SHORT TERM INSTRUMENTS

Call rates steady
Call rates closed almost unchanged at 5.5-5.65 per cent (5.5-5.6 per cent). The RBI mopped up Rs 67,000 crore excess liquidity. In the first one-day reverse repo auction under LAF, the RBI received and accepted 36 bids amounting ... More

FIXED DEPOSITS

Corpn Bank hikes NRE deposit rates
Corporation Bank has increased the interest rate on NRE term deposits for all tenures (maturity periods of one year to less than two years, two years to less than three years, and three years to 10 years) from 6 per cent to 6.30 ... More

EVENTS

International convention centre to host ADB AGM
The Hyderabad International Convention Centre, claimed to be the country's first purpose-built convention facility, is to host the Asian Development Bank's 39th annual general meeting (AGM) from May 3 to 6. The meeting will be attended by the ... More

Cross Currency Rates