Financial Daily from THE HINDU group of publications
Friday, July 01, 2005
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Financial Daily from THE HINDU group of publications Friday, July 01, 2005 |
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MONEY & BANKING FOREX Rupee firms up; gilts weaken MUMBAI: The rupee substantially strengthened against the greenback on Thursday on the back of dollar inflows. The rupee opened at 43.53/54 and touched an intra - day low of 43.5450 as the euro weakened to $1.2040. But it recovered to ... More INFORMATION TECHNOLOGY BoI opens retail hub THE Bank of India inaugurated the first of the seven retail hubs plans to set up across the country during this fiscal. The bank has embarked on a series of steps towards business process reengineering, with a view to improving customer service ... More FINANCIAL PERFORMANCE 
IndusInd Bank Q4 net up 29 pcINDUSIND Bank has reported a 19.67-per cent drop in net profit for the financial year 2004-05, mainly due to fall in treasury income. Net profit for the fiscal was Rs 210.15 crore as against Rs 262.07 crore in the previous year. Total income ... More SOFTWARE Oracle applications with Finacle BANGALORE: Infosys Technologies will integrate Oracle E-Business Suite applications into its universal banking solution Finacle. The integration will enable financial services companies to acquire a world-class core banking solution ... More NBFCS Park Town Benefit fund ordered to refund deposit PARK Town Benefit Fund Ltd, Chennai, has been directed by the District Consumer Disputes Redressal Forum, Tiruvallur, to refund the maturity amount of Rs 80,000, with interest at 18 per cent, from the date of maturity, to a depositor of Sengadu ... More PUBLIC SECTOR BANKS Campco, SBI offer `produce loan' facility STATE Bank of India (SBI) and Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd are jointly launching the `produce loan' facility for the benefit of arecanut growers in the region. Addressing newspersons here on ... More
CORPORATE BONDS 
Canara Bank to raise Rs 500 cr via bondsCANARA Bank proposes to raise at least Rs 500 crore through bonds during the current financial year to augment its capital. Speaking to reporters here today, Mr M.B.N. Rao, Chairman and Managing Director, said this capital was required in view ... More NON-PERFORMING ASSETS 
Up for salePrime properties of defaulters of co-operative banks that have gone red such as the Vasavi Co-operative Urban Bank in Hyderabad, have been put up for public auction to raise funds for repayment to depositors, like this one at the prime Begumpet ... More CREDIT CARDS & DEBIT CARDS Vijaya Bank launches credit card for doctors VIJAYA Bank has launched a specially designed card for doctors. It is an internationally valid credit card, which offers an exclusive suit of privileges to compliment their lifestyle. Mr M.S. Kapur, Chairman and Managing Director, Vijaya ... More CO-OPERATIVES Welcome initiative on urban co-ops BETWEEN 1991 and 2004, the number of urban co-operative banks has moved up from 1,307 to 2,105 with deposits rising by over 1,100 per cent from Rs 8,600 crore to over Rs 1,00,000 crore and advances by 733 per cent from Rs 7,800 crore to over Rs ... More PEOPLE 
New ED for Oriental Bank of CommerceMANGALORE: The Union Government has appointed Mr M.D. Mallya as Executive Director of Oriental Bank of Commerce. Mr Mallya is assuming office in New Delhi on July 1. Mr Mallya was with Corporation Bank earlier. ... More TRENDS Current account surplus in Q4 — Trade deficit for the year at record $38 b INDIA'S external transactions on the current account have recorded a modest surplus of $159 million for the quarter ended March 2005, reversing the trend of large deficits recorded in the two preceding quarters. The RBI revealed this in the ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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