MONEY & BANKING
FOREX
Rupee pares gains
MUMBAI: The rupee pared gains as it closed at 45.84/85 per dollar after it had touched the highest level in nearly a month at 45.7450. The domestic currency had closed at 45.81/82 against the greenback on October 8. In the morning ...
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FINANCIAL PERFORMANCE
Allahabad Bank net rises to Rs 303 cr in H1
ALLAHABAD Bank is not averse to the idea of tying up with other banking entities to achieve increased synergy. While no concrete plans are being contemplated at the moment, the possibility is not being ruled out in the long term. The bank, said ...
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Centurion Bank net up 171 pc in Q2
CENTURION Bank Limited has ended the July-September 2004 quarter with a 171 per cent increase in net profit at Rs 5.26 crore from Rs 1.94 crore in the year-ago period. This improvement in net profit is primarily because of a reversal of ...
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LIFE INSURANCE
Shriram Group set for insurance foray — In talks with foreign players for alliance
THE Chennai-based Rs 4,000-crore Shriram Group is all set to foray into the insurance industry by next fiscal, preferably the life insurance segment to begin with, to be the 13th life insurance player in the country, according to its Chairman, ...
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DEBT MARKET
Bond prices take a beating — Higher cut-off at auction fuels rate worries
BOND prices crashed by over a rupee across maturities as yields hardened to historic highs. Expectations of higher interest rates were fuelled by an exceptionally high cut-off at the auction of 7.38 per cent, 2015 paper. The Reserve Bank of ...
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RBI & OTHER CENTRAL BANKS
Swap package for M.P. govt guaranteed loans
Bankers said the Madhya Pradesh arrangement would be a model for settlement of more State Government guaranteed debts.
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PRIVATE BANKS
RBI observer at Federal Bank board meeting
THE meeting of the newly constituted board of directors of the Kerala based Federal Bank Ltd at its headquarters at Aluva on Monday, had a surprise visitor.An observer from RBI— a senior official from RBI's Tiruvanathapuram regional ...
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INTEREST RATES
Govt favours benign interest rate regime
THE Finance Secretary, Mr D.C. Gupta, today said that the Government was in favour of a `benign' interest rate regime. ``Any hike in rates will hit growth that we will not like to have,'' Mr Gupta told newspersons. However, he added that it was ...
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CRR & BANK RATES
Banks may take a hit of Rs 40 cr on CRR changes
INTEREST earnings on cash balances of most of the banks this year are expected to take a severe beating, impacting their overall profits. Banking sources said here that the fall in earnings could be anywhere between Rs 15 crore and Rs 40 crore ...
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TRADE & LABOUR UNIONS
SBIOA Kerala Circle elections held
EVENTS
Helping hand
Visitors at a stall put up at HSBC Bank in Hyderabad as part of `Helping Hand', an annual event organised at all the 37 branches of the bank in the country, on Monday. ...
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TRENDS
Kerala: Study disputes popular banking notions
Barring a small minority, customers seem to have taken a fancy to multiple banking. Apparently no single bank is able to meet their requirements.
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Cross Currency Rates
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