Business Daily from THE HINDU group of publications
Tuesday, July 15, 2008
ePaper | Mobile/PDA Version | Audio
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Business Daily from THE HINDU group of publications Tuesday, July 15, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING
FINANCIAL PERFORMANCE:
Higher income lifts Axis Bank Q1 net 89%Rs 225-cr provisioning for investment depreciation. Hyderabad, July 14 Axis Bank’s net profit increased 88.6 per cent at Rs 330.14 crore in the first quarter ended June 30, 2008 compared with Rs 175 crore in the corresponding quarter of ... 
FINANCIAL INSTITUTIONS:
IFCI open to having strategic investorProcess hinges on convertible debenture issue. New Delhi, July 14 IFCI’s top management on Monday said that the idea of inducting a strategic investor in the company had not been abandoned. It was, however, made clear that any such ... 
PUBLIC SECTOR BANKS:
‘Treasury losses to pressure Union Bank Q1 profit’Mumbai, July 14 Profits will be under pressure in the first quarter due to treasury losses on account of rising bond yields, said Mr M. V. Nair, Chairman and Managing Director, Union Bank of India. ... LIFE INSURANCE: Banks asking borrowers to buy insurance Several loan-seekers from banks are finding themselves in a tricky situation as they are being asked to go in for an insurance policy to enhance the ‘chances’ of loan approval. The policy is on the life of the borrower against ... CO-OPERATIVES: Nabard hiking rates irks co-op banks Kolkata, July 14 The cooperative credit institutions, covering state cooperative banks, district central cooperative banks and primary agricultural credit societies, are upset at the decision of the National Bank for Agriculture & Rural ... FOREX: Rupee volatile; ends lower GOVT BONDS: Bond prices edge higher E-COMMERCE & E-BUSINESS: e-Stamping pact SHORT TERM INSTRUMENTS: Call rates almost unchanged INSIGHT: Operational risk capital in banks: Migrating to advanced measurement approach Operational risk has always been an important component of risk faced by banks, but a widespread movement to isolate this began only a few years back with a plan by the Basel Committee on Banking Supervision to include specific capital ... FARM CREDIT: Bank of India identifies TN beneficiaries for debt waiver Coimbatore, July 14 The Bank of India has identified 23,261 small and marginal farmers and 5,548 other farmers in Tamil Nadu for extending relief under the agricultural debt waiver and relief scheme 2008. The relief and waiver totalled Rs ... PRIVATE BANKS: Axis Bank Q1: Strong show in interest income Sustaining this pace of performance may prove challenging. Axis Bank’s numbers for Q1, closely watched for clues to other bank numbers, have beaten market expectations by a significant margin. ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Cross Currency Rates
Related Topics Radar: Resources elsewhere Food: Who pays the price (Video) ADB World Outlook 2008 ADB's Outlook on India Union Budget 2008-09 Railway Budget 2008-2009 Economic Survey 2007-2008 In Focus Remembering Ramachander Ranbaxy-Daiichi deal People's car Other Top Stories Raymond Weil mulls mono brand boutiques Nabard hiking rates irks co-op banks MPEDA convenes meet for controlling harmful residues Oil retailers asked to stop indiscriminate expansion IFCI open to having strategic investor Print advertising by education sector up 14% New light on business services Looking back Jul. 6-Jul. 12 Yields set to rise further as market fears more rate hikes Fitch assigns ‘investment grade’ rating to many municipalities SBI to raise processing fee on loans Small borrowal accounts declining Forex reserves down $3.4 b |
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