The Hindu Business Line : Wednesday, October 08, 2003

IDBI Cap raises Rs 125 crore through bonds
PRIMARY dealer, IDBI Capital Market Services Ltd has completed issuance of subordinated bonds eligible for Tier-III Capital for an amount of Rs 125 crore at a coupon rate of 6 per cent per annum payable annually for a maturity of 31 ... More

INSIGHT

Banks being nudged to rate credit risks
A COUPLE of nationalised banks, at RBI's bidding, have started splitting the credit function from credit risk management, with general managers being put in charge. International practice has always been for a separation of the loaning job from ... More

Growth outlook, stocks will pressure bonds
The global economy itself is in far better shape compared to a year ago. Growth should accelerate with China and India leading the way. More

FOREX

Rupee posts smart gains; gilts rally
MUMBAI: The rupee gained 11 paise against the dollar on Tuesday to close at 45.32/33. On Monday, the domestic currency closed at 45.4350/4400. The appreciation was on account of the huge dollar inflows into the market by way of FIIs and ... More

STOCKS

FII interest perks up ICICI Bank
THE ICICI Bank stock shot up today on reported FII buying. The stock closed 6.5 per cent up at Rs 227.60 (Rs 212), after touching the day's peak at Rs 231.35, a 52-week high, on the BSE with a traded quantity of 13.86 lakh shares (5.62 lakh ... More

FINANCIAL PERFORMANCE

J&K Bank H1 net rises 35 pc
JAMMU and Kashmir Bank (J&K Bank) has recorded a 35.04 per cent rise in net profit for the half-year ended September 30, 2003, to Rs 198.50 crore against Rs 146.99 crore during the same period last year. The operating profit of the bank has ... More

PRIVATE BANKS

ICICI Bank online offerings facility to Vishno Devi
Lt. Gen. (Retd) S.K. Sinha, Governor of Jammu & Kashmir, at the launch of online donation service for Vaishno Devi Shrine through ICICI Bank ATMs in the Capital on Tuesday. ... More

INTEREST RATES

PNB lowers rates under flexible deposit scheme
PUNJAB National Bank (PNB) has revised interest rates under its Flexible Rate Deposit Scheme with effect from October 1. ] The interest rate for deposits of three years to less than five years has been revised from 5.92 per cent to 5.16 per ... More

SBM cuts rates on term deposits, loans
THE State Bank of Mysore, an affiliate of the SBI, has lowered its interest rates on domestic term deposits ranging from 25 basis points to 75 basis points for a tenor between 15 to 45 days and one year to two-year period loans. The new rates ... More

ALLIANCES & JOINT VENTURES

Pacts with ICICI Bank, HDFC Bank — SBI customers have access to over 4,500 ATMS
The tie-up, however, is not a three-way arrangement. More

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