The Hindu Business Line : Tuesday, October 14, 2003

Corporate credit portfolio — Baking assets on the fire of securitisation
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SRFESI) was definitely a strong indication that the corridors in New Delhi were waking up to calls from Wall Street. It ... More

FOREX

Corporate treasury desk gets higher profile
It is hard to tote up the number of active corporate treasury desks but some indication can be had by the increasing membership of the Indian Association of Corporate Treasurers, which now stands at 49 more than double of 23 last year. More

Rupee dips lower; good response to State loans
MUMBAI: The rupee closed on Monday 4 paise lower at 45.42/43 against the dollar as compared to Friday's close of 45.38/39. The domestic currency opened at 45.33/34, touched an intra-day low of 45.4325 and an intra-day high of 45.32 ... More

INFORMATION TECHNOLOGY

ICICI Bank, Andhra Bank to share ATMs

STOCKS

Valuation play drives Kotak Mahindra Bank
THE stock of Kotak Mahindra Bank Ltd on Monday rallied sharply, hitting a 52-week high intra-day on the bourses on sustained buying support. Brokers said that it was sheer `valuation play' that was driving the counter. A moot point to note is ... More

FINANCIAL PERFORMANCE

Falling rates take HDFC net up 22% — `No pressure on margins; upbeat on H2 outlook'
REDUCTION in interest costs, increased interest spreads and a robust growth in disbursals have helped Housing Finance Development Corporation (HDFC) notch up a 21.59 per cent rise in net profit for the quarter ended September 30, 2003. Net ... More

Indian Bank H1 profit at Rs 256 cr
INDIAN Bank earned an operating profit of Rs 256 crore in the half year ended September 2003, compared to Rs 192 crore in the same period of 2002, according to a press release from the bank. During the period, deposits grew by Rs 477 crore, ... More

HOUSING FINANCE

HDFC: Strong loan growth boosts profit
THE intense competition in the housing loans market has not proved enough of a challenge for HDFC. The housing loan behemoth's growth of 33 per cent in disbursements to individuals and a growth of 26 per cent in loan assets suggest that HDFC has ... More

FOREIGN BANKS

ABN Amro working with exempted PFs
ABN Amro Bank has begun working with some of the exempted category provident funds to help them improve the accounting and settlement processes to eventually help them realise better investment returns. ABN Amro's country head for Custodial ... More

CREDIT CARDS & DEBIT CARDS

IDBI Bank launches `gift card' in Kerala
IDBI Bank has introduced in Kerala what it calls the country's first prepaid gift card. The bank has tied up with Visa International to launch the product in time for the impending festive season, according to Mr A.S. Varughese, Branch Head, ... More

FIXED DEPOSITS

RBI to set rates for deposits by NBFCs, cos
`Companies would have to readjust the rates on deposits with every change announced by RBI for deposits accepted by NBFCs'. More

EVENTS

ABOA seminar in Thiruvananthapuram
THIRUVANANTHAPURAM: Associate Banks' Officers' Association (ABOA), affiliated to the All India State Bank Officers' Association (AIBOC) and the All India Bank Officers' Confederation (AIBOC), is conducting a seminar on "Falling interest ... More

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