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Sunday, January 23, 2005
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MONEY & BANKING

FOREX


Forex reserves rise $266 m
THE country's forex reserves grew by $266 million for the week ended January 14 to touch $129.378 billion from $129.112 billion in the previous week, as per the latest RBI statistics. The accretion to the reserves can be ascribed to a ... More

FINANCIAL PERFORMANCE


Corporation Bank Q3 net rises to Rs 161.7 cr
CORPORATION Bank has registered a net profit of Rs 161.69 crore in the third quarter of the current financial year against Rs 113.28 crore during the corresponding period of the previous year, showing an increase of 42.73 per cent. During the ... More

Bank of India net slips 67 pc
LED by a significant decline in its profit on sale of securities, Bank of India has recorded a 67 per cent drop in net profit at Rs 75.03 crore for the third quarter ended December 31, 2004, against Rs 228.54 crore in the corresponding period the ... More

Union Bank net falls 60%
UNION Bank of India has recorded a 60.63-per cent dip in net profit for the third quarter ended December 31, 2004 at Rs 59.07 crore, against Rs 150.04 crore during the quarter a year ago. Mr K. Cherian Verghese, Chairman and Managing Director, ... More

LIFE INSURANCE


ING Vysya's Freedom
WITH the surging popularity of unit-linked insurance plans, it should not come as a surprise that companies are putting out new products in this category. One such recent launch is Freedom, by ING Vysya. This week, ... More

PUBLIC SECTOR BANKS


Dena Bank: Unattractive
Dena Bank has had a chequered history having to set-off large accumulated losses against its reserves twice in the past decade. It has, however, returned to profitability in the past two years. More

CORPORATE BONDS


IDBI Flexibonds 22: Finely priced
Tax Saving Bond: Avoid
Growing Interest Bond: Subscribe
Retirement Bond: Avoid
Regular Income Bond: Subscribe More

CREDIT MARKET


Bank credit up Rs 10,228 cr
GROSS bank credit in the system jumped by Rs 10,228 crore to Rs 10,37,234 crore for the fortnight ended January 7, as per the latest RBI statistics. This was inclusive of food credit, which increased by Rs 1,280 crore and non-food credit, ... More

PEOPLE


Swaminathan takes charge as Canara Bank Executive Director
MR B. Swaminathan has assumed charge as the Executive Director of the public sector Canara Bank. He was the General Manager of the Chennai-based Indian Overseas Bank. He was the IOB representative on the board of Bharat Overseas Bank, a ... More


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Forex reserves rise $266 m

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In Focus

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In Depth

Gender Justice
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Tax Talk
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Looking back
Jan. 16-Jan. 22
Forex reserves decline $2 b on revaluation of currencies

FCI to float bonds to raise Rs 1,000 cr

NHB to launch housing index

Market participants upbeat on banking stocks

Tough laws a cover for poor supervision?

IDBI, Bank share swap ratio fixed at 100:142

With increase in credit offtake — PSBs not keen to return capital to Govt


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