MONEY & BANKING
FOREX
Rupee extends loss; securities weaken
MUMBAI: The rupee closed at 45.36/3650 per dollar on Tuesday, weaker by about 4 paise as compared with Monday's close of 45.32/33. Although the rupee traded in a range of 45.26 to 45.32, buying was observed on behalf of oil companies, ...
More
FINANCIAL PERFORMANCE
Kotak Mahindra Bank Q4 net doubles to Rs 21 cr — Proposes 1:1 bonus
KOTAK Mahindra Bank has doubled its net profit for the fourth quarter ended March 2004 to Rs 20.59 crore, up from Rs 10.06 crore posted in the corresponding period of the previous year. The bank completed its first full year as a banking ...
More
LIFE INSURANCE
Max NY in talks with banks to enhance distribution channel — Moots two-way equity participation
Some of the options proposed included participating in the equity of MYNL's Indian operations or MYNL picking up an equity in a bank or floating a joint venture for life insurance distribution business.
More
FINANCIAL MARKETS
Markets: Much ado about nothing?
OTHER than Jawaharlal Nehru and Lal Bahadur Shastri - and we are going back almost 60 years and 40 years in time - one cannot think of any Prime Minister with as unsullied a reputation as Dr Manmohan Singh, when assuming office. ...
More
PRIVATE BANKS
GTB seeks AP Govt's support for revamp
GLOBAL Trust Bank (GTB), the Hyderabad-based private sector bank that is suffering net worth erosion problems, has sought the help of the newly formed Government in Andhra Pradesh. In a press release here, the bank said its Managing Director, ...
More
PUBLIC SECTOR BANKS
New GMs for SBH
HYDERABAD: State Bank of Hyderabad has announced that Mr K.S. Mohanan and Mr Pradeep Shankar have assumed charge as General Managers of the bank. In a press release here on Tuesday, the bank said Mr Mohanan joined State Bank of ...
More
BoI plans more ATMs in AP
VISAKHAPATNAM: Bank of India, Visakhapatnam zone, is planning to set up five more ATMs, one each at Visakhapatnam, Kakinada, Tadepalligudem, Rajahmundry and Vijayawada this year. This was stated by Mr K. Subrahmanyam, Zonal Manager of ...
More
INTERVIEW
`Deployment mix, strategy should give us maximum spreads'
ANDHRA Bank, under the leadership of its new Chairman and Managing Director, Mr T.S. Narayanasami, has chalked out growth strategies both in terms of business volumes and profit margins. The bank now targets a total business of Rs 46,000 ...
More
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds