The Hindu Business Line : Tuesday, July 22, 2003

Online real-time clearing for retail customers too
The ultimate objective was to reach the ordinary customers not only in cities but also in the countryside. More

REGIONAL RURAL BANKS

Kalpatharu Grameen Bank to focus on recoveries
KALPATHARU Grameen Bank is focussed on improving recoveries and reducing NPAs, according to the Chairman, Mr T. Lokeshaiah. ``We plan to reduce NPAs from the current 15 per cent to single-digit levels this year,'' he said. The bank is also ... More

FOREX

Rupee ends lower on thin dollar supplies
MUMBAI: With dollar supplies thin, the rupee closed a tad lower on Monday at 46.2725/2825 in the local currency markets. The domestic currency opened at 46.2500/2600 and touched an intra-day high of 46.24. Dollar inflows were thin ... More

FIEO wants RBI to check rupee's rise
THE Federation of Indian Export Organisations (FIEO) has urged the Ministry of Commerce and the Reserve Bank of India, to step in and help exporters offset the effect of the appreciation of the rupee against the US dollar. The rupee has ... More

FINANCIAL PERFORMANCE

Union Bank net jumps 36 pc
UNION Bank of India registered an over 36 per cent jump in net profit for the first quarter ended June 30, at Rs 155.88 crore, up from Rs 113.91 crore in the corresponding period of the previous year. Total income inched up to Rs 1,277.66 ... More

IDBI Bank Q1 net doubles to Rs 22.4 cr
IDBI Bank has registered an over 100 per cent jump in net profit for the quarter ended June 30, 2003 at Rs 22.4 crore, up from Rs 11.1 crore in the corresponding period in the previous year. An increase in net interest income and fee income led ... More

UCO Bank Q1 net rises 86 pc
UCO Bank's net profit in the first quarter of the current fiscal jumped by 86 per cent to Rs 136 crore from Rs 73 crore in the same period of the previous year, according to a release. During the period, the bank added Rs 238 crore to its ... More

HOUSING FINANCE

Punjab National Bank slashes rates on housing loans
PUNJAB National Bank (PNB) has announced reduced interest rates on housing loans with effect from today. The rate of interest under the floating option will be eight per cent (7.75 per cent under Finbasket scheme) for loans repayable up to ... More

PUBLIC SECTOR BANKS

Vijaya Bank official's plea for patronage
IT WAS a humble appeal for patronage - by none other than the Executive Director of Vijaya Bank, Mr P.A. Sethi. The ED conceded that the bank `could not do what should have been in the last eight years', (since the inception of the SSI branch in ... More

GOVT BONDS

Ministry satisfied with buyback auction response
THE Finance Secretary, Mr D.C. Gupta, on Monday said that the Government was reasonably satisfied with the response to its buyback auction of high-coupon, relatively illiquid dated securities on Saturday. While the Government had offered to ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line