MONEY & BANKING
Workshop on forex management
The Kerala Management Association will organise a one-day workshop on `Foreign Exchange Management' on Friday. Lectures and interactive sessions will cover RBI guidelines relating to export of goods and services, export ...
Rupee gains, breaches 45
The rupee pierced the psychological 45-mark against the greenback with the currency closing at 44.97/98 on dollar inflows. It had closed on Friday at Rs 45.19. Dealers said foreign banks like HSBC were selling dollars. The surge in the domestic ...
Oriental Bank's Q2 net up 51 pc after GTB write-offs
`Operating profit growth has suffered because of a Rs 38 cr fall in treasury income during the first half.'
Robust interest income lifts IOB net 25 pc
Aims at Rs 1.2-cr biz target; to mobilise retail deposits, increase fee income
Indian Bank net grows 60 pc
Indian Bank has posted a 60 per cent rise in net profit at Rs 169.19 crore (Rs 105.57 crore) for the quarter ended September 30. Total income increased to Rs 1,198.45 crore (Rs 941.47 crore). Net interest income was up by around 26 per cent to ...
YES Bank Q2 net up 50 pc
YES Bank has reported a 50.8 per cent growth in net profit for the second quarter ending September at Rs 21.49 crore (Rs 14.25 crore). Total income increased by 182 per cent to Rs 166.01 crore (Rs 58.82 crore) while total expenditure went up ...
PNB posts 20-pc rise in PAT; deposit costs down
Hike in PLR has helped improve profitability
Syndicate Bank Q2 net rises 17%
Syndicate Bank on Monday reported a net profit of Rs 205 crore for the July-September quarter marking a 17 per cent increase over Rs 175 crore in the corresponding quarter last fiscal. Net profit for the first half stood at Rs 386 crore, up 14 ...
RBI rate hike a given
The economy, consumer and business can clearly withstand a rate hike and the Governor will inevitably take the cue.
Bond prices down by 3 paise
Bond prices dropped by around three paise on Monday . Total traded volume on the order matching system was Rs 1,950 crore (Rs 2,750 crore). "The volumes were lower today because the traders were nervous of taking a position ahead ...
UCO keen to rejig capital
Net profit tad higher in Q2
Credit demand strong in Q2, says RBI
`Upward pressure on inflation'
SHORT TERM INSTRUMENTS
Call rates rule at 6.8-6.9 pc
Call rates ruled at 6.8-6.9 per cent against 6.9-7 per cent last Friday. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted three bids amounting to Rs. 300 crore. There were no ...
MERGERS & ACQUISITIONS
Bharat Overseas merger by fiscal-end
The merger of Bharat Overseas Bank with IOB is likely to be complete by the end of this fiscal, Mr Narayanasami said. The first stage of acquiring shares from other stakeholders is complete and the merger will form the second stage. "We have ...
Book on 50 yrs of banking growth in Karnataka
A book on 50 years of banking development in Karnataka authored by Dr N.K. Thingalaya, economist will be released on November 2. A press release by Corporation Bank Chair in Bank Management at Mangalore University said here on ...
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