The Hindu Business Line : Friday, July 15, 2005

Malaprabha Grameena Bank bags award for SHG scheme
THE Dharwad-based Malaprabha Grameena Bank, a regional rural bank sponsored by Syndicate Bank, has covered 80,000 families under self-help groups (SHGs) in its area of operation, according to Mr B.S. Surendra, Chairman of the grameena bank. ... More

INSIGHT

Retool the consumer credit system
DO you know that the home loan you took from a bank in one city, or town, could determine the interest rate on a proposed vehicle loan at a different bank in a different part of the country? Do you know that the ... More

FOREX

Rupee weakens; gilts tad higher
MUMBAI: The rupee marginally weakened against the dollar on Thursday. The domestic currency opened at 43.53/54 and moved to an intra-day high of 43.52. It ended the day at 43.53, down from Wednesday's close at 43.51. Dealers said the ... More

FINANCIAL PERFORMANCE

HDFC Bank Q1 net up 31 pc at Rs 184 cr
HDFC Bank Ltd today announced that net profit for the first quarter 2005-06 increased by 31.13 per cent to touch Rs 183.53 crore (Rs 139.97 crore), mainly on account of higher net interest and fee income. Total income was Rs 1,157.68 crore, up ... More

UTI Bank Q1 net rises 31 pc
MAINTAINING an average rate of 30 per cent growth quarter-on-quarter, UTI Bank on Thursday reported a 31.07-per cent increase in net profit for the quarter ended June 30, at Rs 92.63 crore (Rs 70.67 crore). Dr P.J. Nayak, Chairman and Managing ... More

GENERAL INSURANCE

Move for `stand alone' health insurers hailed
THE General Insurance Officers All India Association (GIOAIA) has welcomed the expert committee's recommendation for setting up exclusive `stand alone' health insurance companies. The introduction of stand alone health insurance companies ... More

RBI & OTHER CENTRAL BANKS

Global uncertainties have increased, says RBI Governor
THE Governor of the Reserve Bank of India, Dr Y.V. Reddy, said that global uncertainties "have increased compared to what we estimated." He said the RBI was "analysing, still looking into it" and that the central bank hoped to come out with an ... More

PUBLIC SECTOR BANKS

Investment fluctuation reserve as Tier-I capital
PSBs press demand with RBI again
PUBLIC sector banks have again approached the Reserve Bank of India for conversion of their investment fluctuation reserve to Tier I capital. Bankers said this was necessary since all banks were expected to shift to the operational risk and ... More

Corporation Bank plans retail hubs
IN order to give focussed attention to retail lending, the Mangalore-based Corporation Bank plans to set up exclusive retail hubs in the country. Based on the recommendations of the Boston Consultancy Group (BCG), the bank has decided to set ... More

ALLIANCES & JOINT VENTURES

United Bank ties up with Bajaj Allianz for accident cover
UNITED Bank of India has tied up with Bajaj Allianz General Insurance Co to offer deposit holders coverage against accidental death or permanent total disability. The cover would be available to both the existing and new customers, a note ... More

EVENTS

Nabard Foundation Day
THIRUVANANTHAPURAM: The Kerala Regional Office of the National Bank for Agriculture and Rural Development (Nabard) celebrated the 24th Foundation Day on Tuesday. Mr B.S. Shekhawat, Chief General Manager, delivered the inaugural address at ... More

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