THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Thursday, November 02, 2000

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Banking & Finance

Banking and Finance
Rs 100-cr Vijaya Bank issue opens on Nov 27
UNDAUNTED by the bear grip on the capital market, the Bangalore-based Vijaya Bank has decided to go ahead with plans for a Rs 100-crore initial public offering (IPO). The issue is slated to hit the market on November 27 and would close on December 4.

`Tech upgrade a priority area for SBM'
MR M. Sitarama Murty took over as Managing Director of the Bangalore-based State Bank of Mysore recently, the bank's third MD in less than four years.

Securities edge up; call steady
THE sentiment in the Government securities market on Wednesday was positive with prices inching up by 5-10 paise in tandem with the recovery in the rupee.

Govt stock auction
MUMBAI: The Reserve Bank of India on Wednesday announced a price auction of 11.99 per cent 2009 Government stock to raise Rs 3,000 crore on November 6. - Our Bureau

Financial Performance
Dewan Housing net declines
MUMBAI: Dewan Housing Finance Corporation Ltd (DHFCL) has registered a net profit of Rs 3.81 crore (Rs 4.25 crore) for the quarter ended September 30, 2000.

South Malabar H1 net at Rs 7.22 cr
KOCHI: The South Malabar Gramin Bank has recorded a net profit of Rs 7.22 crore for the half year ending September 30, 2000, as against Rs 7.16 crore for the corresponding period last year.


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