The Hindu Business Line : Tuesday, February 01, 2005

Bank of Rajasthan to raise Rs 150 cr
BANK of Rajasthan is looking to raise around Rs 150 crore through a preferential issue by March. This amounts to an equity stake of 14.75 per cent stake, which will be divided equally among the investors of the preferential issue. The bank ... More

FINANCIAL SERVICES

New Capstocks premises

FOREX

Rupee firm; bond yields move up
MUMBAI: The spot market opened the week on a bullish note on expectations that the Government would allow PF funds to enter the stock markets. The rupee also got a boost on news of the slight easing of oil prices. Buoyed by these ... More

FINANCIAL PERFORMANCE

LIC Housing Finance Q3 net down 7 pc
LIC Housing Finance Ltd has reported a 7 per cent decline in net profit for the third quarter ended December 31, 2004, despite a 24 per cent increase in profit before tax for the same period. Net profit for the quarter amounted to Rs 42 crore, ... More

South Indian Bank Q3 net dips 16 pc
THE net profit of the Thrissur-based South Indian Bank declined 16 per cent to Rs 23.19 crore (Rs 27.67 crore) during the third quarter of the current fiscal. "It is significant that the bank could contain the impact of the steep fall in ... More

IDBI Q3 net up 34 pc at Rs 62 cr
IDBI Ltd has recorded a net profit of Rs 62.13 crore for the quarter ended December 2004, a 33.5 per cent rise over Rs 46.55 crore during the corresponding previous period. Profit before tax stood at Rs 58.16 crore (Rs 52.41 crore). IDBI made ... More

Oriental Bank net falls in Q3
ORIENTAL Bank of Commerce posted a net profit of Rs 128.15 crore for the quarter ended December 2004 compared with Rs 152.22 crore for the year-ago quarter. Total income for the quarter was at Rs 1,062.68 crore as against Rs 988.45 crore ... More

HOUSING FINANCE

Why not sell on carpet-area basis, asks Parekh
HOUSING Development Finance Corporation (HDFC) has offered lower interest rates to the property developers and realty companies that would sell property on a carpet-area basis. The offer was made by the HDFC Chairman, Mr Deepak Parekh, at a ... More

PUBLIC SECTOR BANKS

Lower `other income' tells on banks' Q3 profits
THE results that have come in from the public sector banks for the third quarter of this fiscal are a mixed bag. Some banks have done well and some haven't. As a group, the sixteen banks that have announced their results have seen profits ... More

Corpn Bank to open new branch in Powai today

PEOPLE

Re-elected to SBT board

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