The Hindu Business Line : Monday, September 13, 2004

GOVT BONDS
Bonds shrug off inflation
BOND markets remained firm last week as traders largely shrugged off inflation numbers for the second week in succession. Traders said that the signals from the Reserve Bank of India ruled out changes in the existing soft interest rate regime. ... More

CRR & BANK RATES
CRR rate hike timing takes markets by surprise
After inflation spiked by a hundred basis points to touch 7.50 per cent, the market went into a free fall. Ten-year sovereign yields went past 6.65 per cent behind fears of an imminent rate hike by the central bank. It was only after the RBI ... More

MERGERS & ACQUISITIONS
As DFI status cannot be altered — IDBI may not get go-ahead for PSU bank acquisition
DREAMING of acquiring another public sector bank might be the latest pastime among the top echelons of Government-owned banks, but for Industrial Development Bank of India (IDBI) harbouring such an idea could well turn out to be a ... More

SOCIETY & DEVELOPMENT
Corpn Bank donation to university
MANGALORE: Corporation Bank has agreed to donate Rs 1.5 lakh to the Corporation Bank Chair in Bank Management at Mangalore University for organising five lectures during the silver jubilee year of the University, according to a release ... More

CO-OPERATIVES
Kanakamahalakshmi co-op bank declares dividend
VISAKHAPATNAM: Kanakamahalakshmi Co-operative Bank has earned Rs 1.79 crore gross profit during 2003-2004 and declared 15 per cent dividend. In a press release here on Sunday after the annual general body meeting, Mr P. Raghunadha Rao, ... More

Mangala credit co-op society posts profit
MANGALORE: Mangala Credit Co-operative Society has registered a profit of Rs 34 lakh during 2003-04. Speaking to newspersons, the President of the society, Mr K. Annayya Serigar, said that the society has a share capital of Rs 1.10 ... More

OUTLOOK
FICCI study sees 10-20 pc growth for banking sector
A FICCI survey on `Status of the Indian Banking Industry' revealed that an overwhelming majority of 81 per cent of respondents expect the banking industry to grow at between 10 and 20 per cent this fiscal. This growth expectation is ... More

TRENDS
Asset-liability mismatch worries banking sector
WITH a virtual stampede from term deposits to demand deposits in the banking industry in the recent past, several bankers have expressed a deep sense of concern. Talking to Business Line, Mr K.P. Padmakumar, Chairman of Federal Bank, ... More

Cross Currency Rates

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L&T says China ho! — To set up facility in a year

Revenue per employee falling for IT cos

Bonds shrug off inflation

Manage and sell - Fund managers' dual role could affect performance

Oilmeal exports jump 260% during April-August

Maharashtra mills to import 1 lakh t sugar

Mutual fund IPOs get good responses

Looking back
Sep. 5-Sep. 11
China not slowing down as expected

Securities rally powered by bank purchase

Exporters taking forward cover

`Retain 75 pc upfront payment at Appellate DRT stage' — Banks to press for stern steps on NPAs

IRDA working on ULIP norms — Level field with MFs likely

`New norms on bank ownership will help mergers, consolidation'

Public sector insurers against splitting motor cover risks

Aviva sale may open up Japan market for Wipro