The Hindu Business Line : Sunday, April 24, 2005

Forex reserves rise by $88 m
THE country's forex reserves moved up by $88 million for the week ended April 15, taking the total reserves to $141.645 billion as per the Reserve Bank of India's Weekly Statistical Supplement. Reserve accumulation was somewhat muted due to ... More

FINANCIAL PERFORMANCE

United Bank net down 4.7%
UNITED Bank of India has reported a net profit of Rs 300 crore for the year ended March 31, 2005, down by 4.7 per cent from Rs 315 crore recorded in the previous fiscal. The bank has attributed the drop partially to a decline in income from ... More

PNB Gilts posts Rs 68.2-cr net loss
PNB Gilts Ltd has registered a net loss of Rs 68.25 crore for the financial year 2004-05 against a net profit of Rs 106 crore during the previous year. The company said the loss is due to adverse conditions prevalent in the debt market that ... More

SHORT TERM INSTRUMENTS

RBI to raise Rs 2,500 cr through MSS
THE Reserve Bank of India plans to raise Rs 2,500 crore through auction of 182-day and 91-day Government of India treasury bills under the market stabilisation scheme. Of this, Rs 1,000 crore will be raised through auction of 182-day T-bills, ... More

PUBLIC OFFER

Oriental Bank of Commerce: Avoid
INVESTMENT in the book-built public offer of Oriental Bank of Commerce need not be considered. The merger with it of the beleaguered Global Trust Bank has cost Oriental Bank in terms of growth in FY-05. It could take ... More

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