MONEY & BANKING
FOREX
Re gains 9 paise
The rupee soon followed the Sensex in the politically unclear environment and went through a roller coaster ride to an intra-day, 8-month low of 46 only to later recover and closed nine paise higher at 45.51/52, up from previous close of ...
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FINANCIAL PERFORMANCE
Dewan Housing PAT up 30 pc
DEWAN Housing Finance Corporation Limited (DHFL), the second largest housing finance company in the private sector, has reported an increase of Rs 7.16 crore in its profit before tax (PBT), at Rs 30.97 crore in fiscal 2003-04 from Rs 23.8 crore ...
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BoB net down in Q4 on higher provisioning
HIGHER provisioning to strengthen its balance sheet has led Bank of Baroda to report a lower net profit for the fourth quarter ended March 31, at Rs 156 crore, as against a net profit of Rs 198.34 crore in the corresponding period the previous ...
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DEBT MARKET
Bond prices crash by a rupee
TECTONIC shifts in the domestic political arena, fears of a rise in interest rates and apprehensions of a slowdown in reforms, led bond prices to crash by over 50 paise to Re 1 across maturities, in the debt market on Monday. Debt market ...
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RBI & OTHER CENTRAL BANKS
RBI offers liquidity support
IN a bid to allay the fears of a payment crisis at the stock exchanges, the Reserve Bank of India (RBI) today announced that it would provide liquidity facilities to any of the settlement banks. When contacted, none of the settlement banks ...
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NoC must for opening second current accounts
RESERVE Bank of India has once again instructed banks to scrupulously ensure that they do not open current accounts of entities which enjoy credit facilities (fund based or non-fund based) from the banking system without specifically obtaining a ...
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RBI bars sharing of customer data for cross-selling
IN a circular addressed to the Chief Executives of banks, the Reserve Bank of India (RBI) has directed banks not share to customer data with its affiliates and subsidiaries for cross-selling purposes. The RBI-constituted Committee on Procedures ...
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PRIVATE BANKS
Karnataka Bank plans to extend more agri credit
IN its endeavour to take agriculture credit portfolio to 18 per cent of the net bank credit by 2008, Karnataka Bank has initiated steps such as reducing exposure to a particular sector and has been looking at exploring untapped potential ...
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PUBLIC SECTOR BANKS
Andhra Bank opens two more branches in Vizag
ANDHRA Bank is setting up two more branches in Visakhapatnam shortly, one at Muralinagar and the other at Madhurawada, besides three more extension counters, according to Mr J. Sarat Babu, the Deputy General Manager. At a press meet here on ...
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CREDIT MARKET
IOB credit campaign in Kerala
THIRUVANANTHAPURAM: IOB has planned a `Retail Credit Campaign Fortnight' from May 17-29. Announcing this, Mr K. R. Ananthapadmanabhan, Chief Officer, Regional Office, Thiruvananthapuram said that the campaign would be observed in all 39 ...
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Cross Currency Rates
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