MONEY & BANKING
FINANCIAL SERVICES
Intelenet likely to get listed
INTELENET Global Services, the BPO company owned jointly by HDFC Ltd and Barclays Bank Plc, is likely to go in for an equity listing in a few years time, according to Mr Deepak Parekh, Chairman, HDFC. Both HDFC and Barclays own 50:50 per cent ...
More
FOREX
Rupee firms up; bond yields rise
MUMBAI: The rupee finished at 45.16/17 against the dollar, marginally stronger than the previous close of 45.20/21. The rupee had reached a high of 44.87 per dollar in the early trading hours as exporters sold dollars heavily. ...
More
FINANCIAL PERFORMANCE
IDBI closes books as FI — Posts Rs 465-cr profit in 18-month period
IDBI Ltd has reported a 6.4 per cent dip in its net profit at Rs 117 crore for the quarter ended September 30, as compared to Rs 125 crore in the year-ago period. Total income during the quarter was Rs 1,558 crore as against Rs 1,744 crore in ...
More
Central Bank H1 net up 21 per cent
CENTRAL Bank of India reported a 21.12 per cent increase in its net profit for the half-year ending September 30 at Rs 331.06 crore compared to Rs 273.33 crore in the corresponding quarter of the previous fiscal. Total income moved up by 5.36 ...
More
HOUSING FINANCE
HDFC to raise housing loan rates
HDFC (Housing Development Finance Corporation) will hike interest rates on its home loans after Diwali, according to Mr Deepak Parekh, Chairman. "We plan to raise rates across maturities by 50 basis points next week," he told journalists on ...
More
LIFE INSURANCE
UDV offers accident cover for bartenders
TIPPLERS may have had their drink, but here's something to cheer the bartenders too. UDV India has decided to offer free accident insurance to bartenders across the country by partnering with National Insurance for its schemes. Irregular ...
More
FOREIGN BANKS
Standard Chartered reshuffles top brass
STANDARD Chartered Bank today announced movement of its top management to global positions. The bank's Regional Head, Consumer Banking, Mr Vishu Ramachandran, has now been moved to the position of Chief Financial Officer, Group Consumer ...
More
INTEREST RATES
Interest rates set to stabilise: PNB chief
INTEREST rates are unlikely to see a decline from the present levels, the Chairman and Managing Director of Punjab National Bank, Mr S.S. Kohli, has said. "I think the interest rates should stabilise at the present level,'' Mr Kohli said, ...
More
GOVT BONDS
Dated Govt papers fully subscribed
THE dated government securities issue conducted by RBI on Monday was fully subscribed as there was appetite for the papers from banks and primary dealers, said market participants. For the Rs 6,000-crore 7.55 per cent 2010 paper, 332 ...
More
CORPORATE BONDS
IDBI to finalise $300-m bond issue shortly
IDBI Ltd is close to finalising a $300-million overseas bond issue in the next few days. "We will finalise the arranger in a couple of days. We are in the final stages of working out the modalities," Mr M. Damodaran, Chairman, IDBI Ltd, said ...
More
NON-PERFORMING ASSETS
IDBI transfers Rs 1,000 cr standard assets
INDUSTRIAL Development Bank of India Ltd (IDBI) has transferred Rs 1,000 crore of standard assets to the Stressed Assets Stabilisation Fund (SASF). "We decided to transfer those assets because we realised that they were stressed, even though ...
More
CREDIT MARKET
Bankers told to be liberal in sanctioning loans
BANKERS should be liberal while sanctioning loans to the deserving people, particularly students and they would not be questioned if there were defaulters here and there, said the Union Finance Minister, Mr P. Chidambaram, while disbursing loans ...
More
FIXED DEPOSITS
United Bank raises deposit rates
UNITED Bank of India has revised the rates of interest on domestic term deposits of different maturities. The revised rates, to come into force from today, will apply to fresh deposits and renewals of existing deposits, according to a press ...
More
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds