The Hindu Business Line : Sunday, February 08, 2004

FOREX
Forex reserves up $761 m
THE country's forex reserves rose by $761 million to touch $104.998 billion during the week ended January 30, 2004 against $104.23 billion in the previous week, according to the latest RBI statistics. The rise in reserves was largely due to a ... More

FINANCIAL PERFORMANCE
LVB net up 32 pc in Q3
LAKSHMI Vilas Bank has recorded a 32 per cent rise in net profit for the third quarter of the current year to Rs 30.09 crore from Rs 22.93 crore in the same quarter last year. The bank's net interest margin improved from 2.18 per cent to 2.26 ... More

Lord Krishna Bank third quarter net profit rises to Rs 22.1 cr
THE net profit of Lord Krishna Bank has grown by 7.34 per cent to touch Rs 22.09 crore (Rs 20.58 crore) during the third quarter ended December 2003. Despite the declining interest rate scenario, the net interest income as a percentage of ... More

PUBLIC SECTOR BANKS
ATM network sharing pact
MANGALORE: Corporation Bank and Andhra Bank have signed an agreement facilitating mutual sharing of their automated teller machine (ATM) networks. A press release by the Deputy General Manager of Corporation Bank, Mr B.R. Bhat, stated ... More

CREDIT MARKET
Bank credit up Rs 3,361 cr
BANK credit in the system has risen by Rs 3,361 crore to touch Rs 7,95,350 crore for the fortnight ended January 23. This is inclusive of food credit, which grew by Rs 150 crore, and non-food credit, which grew by Rs 3,211 crore, according to the ... More

FIXED DEPOSITS
PNB revises FCNR (B) deposit rates
PUNJAB National Bank (PNB) has revised interest rates on foreign currency non-resident (Banks) scheme for US dollar, Great Britain pound and euro deposits with effect from February 9. The new rate on dollar deposits has been revised from 1.22 ... More

CO-OPERATIVES

RBI cancels co-op bank licence

Cross Currency Rates

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Forex reserves up $761 m

Car sales zoom in January

Planners overlooking print media advantages

Looking back
Feb. 1-Feb. 7
Forex reserves up by $1.11 b

Private bank stocks lose sheen

Insurers sell long-term papers to meet VRS payouts

Banks' profitability up despite drop in treasury incomes

Fed's wordcraft roils markets

Resident Indians can remit up to $25,000 annually

At last, some cheer for farm sector

Sabbatical: Sydicate Bank sees Rs 50-cr gain

Moody's rates most banks `stable'