MONEY & BANKING
OUTSOURCING
ICRA's BPO venture
NEW DELHI: ICRA Ltd on Thursday said that its business process outsourcing facility in Kolkata will be operational by the month-end. The facility will cater to the analytical and research-based requirements of diverse users, an ICRA ...
More
INSIGHT
Securitisation Act — Lender's right and liability
THE recent judgment of the Supreme Court in the Mardia Chemicals case upholding the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (Sarfaesi) Act, 2002, seems to have ...
More
FOREX
Corporates rush to forward cover as rupee plunges
JOLTED by the sudden rupee depreciation corporates have begun rushing in to take forward cover on their hitherto unhedged exposures, especially external commercial borrowings. Banking sources said, that the rush for forward cover by jittery ...
More
Re firms up; gilts fall
MUMBAI: The domestic currency closed at 44.64/67 per dollar on Thursday around 3 paise higher than Wednesday's closing levels at 44.70. The rupee opened at 44.60/62 against the dollar and sank to an intra-day low of 44.71 on a bout of ...
More
FINANCIAL PERFORMANCE
Syndicate Bank plans second public issue — Net profit rises 26 per cent
THE public sector Syndicate Bank proposed to come with its second public issue of Rs 50 crore within the next six months. Briefing reporters here today, after the annual general meeting, the bank's Chairman and Managing Director, Mr Michael ...
More
J&K Bank Q4 net down; to pay 50% final
JAMMU and Kashmir Bank (J&K Bank) has registered a net profit of Rs 406.33 crore for the financial year 2003-04, an increase of 20.3 per cent over the net profit of Rs 337.75 crore in the previous year. The total income of the bank has ...
More
CONSUMER FINANCE
Canara Bank, Bajaj MoU for auto finance
CANARA Bank on Thursday announced that it has signed a memorandum of understanding (MoU) with Bajaj Auto Ltd to finance Bajaj two-wheelers. In a press release here, the bank said as per the MoU, Canara Bank would offer loans for purchase of ...
More
GENERAL INSURANCE
GIC earned Rs 500 cr from investments last year
GENERAL Insurance Corporation of India (GIC) has booked over Rs 500 crore in terms of profit on sale of investments in the fiscal gone by, according to Mr B.P. Deshmukh, General Manager. The company has earned returns of around 13-14 per cent ...
More
PRIVATE BANKS
Karur Vysya Bank to offer Internet banking
AS part of the strategy of reinventing itself to extend better customer service, Karur Vysya Bank Ltd (KVB), the Karur-based private sector bank, proposes to introduce Internet banking, telephone banking and auxiliary services soon. Addressing ...
More
PUBLIC SECTOR BANKS
BoB reorganising into 6 biz units
BANK of Baroda is drawing its operation into six distinct units, called Lines of Business (LoB), for the purpose of better customer segmentation, Mr P.S. Shenoy, CMD, said here on Thursday. The LoBs would take care of corporate, business, ...
More
CREDIT MARKET
Commercial credit bureau needs legislative stamp
Under the banking Act, customer information cannot be shared with other agencies unless there is a clause in the loan document that permits it.
More
PEOPLE
LIC Zonal Manager
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds