The Hindu Business Line : Tuesday, January 11, 2005

Central Bank of India may achieve agri credit growth in AP
HAVING already achieved a growth of 21 per cent in agricultural advances in Andhra Pradesh, Central Bank of India (CBI) is confident of achieving 30 per cent growth stipulated by the Union Finance Ministry. Announcing this while inaugurating ... More

FOREX

UAE co offers money transfer via mobile
THE UAE Exchange Centre on Monday launched the world's first secure mobile phone based money transfer service by an exchange company. It is a unique secure transaction solution, which allows the UAE Exchange customers to transfer money using ... More

Rupee breaches 44; bonds subdued
MUMBAI: The domestic currency closed 14 paise weaker on Monday at 43.95/96 per dollar, as against its closing at 43.81/82 per dollar on Friday. Dealers said the rupee's decline was on account of factors such as the strengthening of the ... More

Forex workshop

INFORMATION TECHNOLOGY

`Customers want more personalised ATM services'
BANK customers in India expect more personalised services from ATMs, according to a recent survey conducted by NCR Corp, a global technology company involved in manufacturing and supply of ATMs and related services in India. The survey, ... More

FINANCIAL PERFORMANCE

Centurion Bank Q3 net up at Rs 7.1 cr
AIDED by a 32 per cent rise in net-interest income and a significant growth in its fee-based income, private sector Centurion Bank Ltd has posted a net profit of Rs 7.10 crore for the third quarter ended December 31,2004, as against a net loss of ... More

PUBLIC SECTOR BANKS

Vijaya Bank to adopt 2 tsunami-hit villages
THE Chairman and Managing Director of Vijaya Bank, Mr M.S. Kapur, is on the lookout for adoptions. In what could spark off a new post-Tsunami adoption spree by the banking sector, Vijaya Bank has decided to adopt a couple of villages in the ... More

GOVT BONDS

Kerala to raise development loan of Rs 189 cr
THE Kerala Government is raising development loan to the tune of Rs 189 crore for a 10-year tenure. The loan, carrying an interest rate of 7.02 per cent, will be utilised for financing the development activities of the State as also for the ... More

NON-PERFORMING ASSETS

PSBs nonchalant over sunset clause on NPAs
PUBLIC sector banks are unlikely to be impacted by the sunset clause in the Income-Tax Act on provisions for non-performing assets. Under Section 36 (I, vii-a ) of the IT Act, bankers were allowed an income tax deduction of up to 10 per cent on ... More

CREDIT CARDS & DEBIT CARDS

Andhra Bank, HPCL offer co-branded card
ANDHRA Bank has launched a co-branded petro credit card in alliance with Hindustan Petroleum Corporation Ltd (HPCL) to provide value-added services to the bank's 1.2-crore credit card customers across the country. The Andhra Bank Executive ... More

MERGERS & ACQUISITIONS

FIPB defers clearance to ChrysCap's DCB stake plan
THE Foreign Investment Promotion Board (FIPB) has again deferred clearance to Mauritius-based Chrys Capital II LLC's plan to acquire 12.89 per cent stake in Development Credit Bank (DCB) following request from the Foreign Investment Unit (FIU) of ... More

CO-OPERATIVES

Madurai Urban Coop Bank closed
THE Madurai Urban Cooperative Bank has been closed, with the premises officially sealed on January 7. According to sources, the bank could not operate since the Reserve Bank of India (RBI) had cancelled its licence. The RBI had barred the bank ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Pick a Winner Stock Market Contest

Revival of coffee bourse unlikely

PSBs nonchalant over sunset clause on NPAs

Synthetic, rayon textile exports may fall short of target

ADR offerings: Concern over `export of capital market'

£ 16-b gain from offshoring, says UK trade body chief

Swaminathan foundation proposes new approach to rehabilitate tsunami victims

In Focus

BHEL Disinvestment

The Yuan Revaluation

Dabhol power regenerated