The Hindu Business Line : Tuesday, July 12, 2005

Boosting fee-based income — Allow banks to hard-sell priced services
Various strategies can be thought of to boost fee-based income. Perhaps, the ideal one will be that where for every service in a bank there can be two different channels; the faster and guaranteed one, which can be at a higher cost, and the ordinary one, where no extra cost is involved. More

FOREX

Rupee moves up; bonds decline
MUMBAI: The rupee gained against the dollar on Monday as an upturn in the stock market as well as unfavourable US data buoyed the domestic currency. The rupee opened higher at 43.55/56 and was range-bound between 43.55-57. It closed the ... More

FINANCIAL PERFORMANCE

Centurion Q1 net zooms to Rs 11 cr
CENTURION Bank's net profit for the first quarter ended June 30 has jumped to Rs 11.07 crore from Rs 3.15 crore in the corresponding previous quarter. This surge in growth is due to the strong growth in retail and SME sectors, as was the case ... More

NBFCS

Nicco UCO Alliance NPAs at Rs 225 cr
IN an effort to come out of the red, Nicco UCO Alliance Credit Ltd, a non-banking finance company, is trying to increase its non-fund business. It is also trying to recover a portion of its non-performing assets (NPAs). According to Mr L.N. ... More

AGRICULTURAL INSTITUTIONS

`Rural infrastructure fund gets more, gives more'
THE Managing Director of the National Bank for Agriculture and Rural Development (Nabard), Mr Y.S.P. Thorat, has said flow of funds to the Rural Infrastructure Development Fund (RIDF) has increased significantly in the last fiscal. Addressing ... More

PUBLIC SECTOR BANKS

OBC's mobile top-up facility
MUMBAI: Oriental Bank of Commerce will offer mobile top-up facility at its 1,134th branch at Prabhadevi, which was inaugurated on Monday, according to a bank release. Mr K.N. Prithviraj, Chairman and Managing Director, inaugurated the ... More

FINANCIAL INSTITUTIONS

IDBI hires consultant for insurance foray
IDBI Ltd has engaged international consulting firm Watson Wyatt to work out a roadmap for an entry into the insurance sector. The financial institution, which intends to enter first the life insurance segment, plans to work out a clear-cut ... More

Govt, sponsors discuss future of UTI Mutual Fund
THE Government today held a meeting with the four institutional sponsors of UTI Mutual Fund - LIC, SBI, Punjab National Bank, and Bank of Baroda - to arrive at a new ownership pattern for the country's oldest mutual fund. According to ... More

NON-PERFORMING ASSETS

Dena Bank to trim net NPAs to 2 pc
DENA Bank plans to reduce the net non-performing assets (NPAs), now at 5.23 per cent, to two per cent by March 2006. The bank, said Mr M. V. Nair, Chairman and Managing Director, hoped to record a 26-per cent increase in advances and a 20-per ... More

CREDIT MARKET

Call to include micro-finance in district credit plans
THE former Chairman and Managing Director of Syndicate Bank, Dr N.K. Thingalaya, has said that micro-finance should be included in the district credit plans. Speaking at the inauguration of the new premises of Nabard's regional training ... More

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