Financial Daily from THE HINDU group of publications
Sunday, October 02, 2005
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Financial Daily from THE HINDU group of publications Sunday, October 02, 2005 |
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MONEY & BANKING FOREX Forex reserves dip $1.2 b THE country's foreign exchange reserves declined for the third week in a row on account of currency revaluation. For the week ended September 23, the forex reserves fell $1.2 billion to touch $143.02 billion, according to the Reserve Bank of ... More FINANCIAL PERFORMANCE Lord Krishna Bank Q1 net at Rs 7.6 cr LORD Krishna Bank has posted a net profit of Rs 7.66 crore during the first quarter ended June 2005. The bank's operating profit has grown to Rs 10.16 crore (Rs 2.9 crore). Mr V.K. Gupta, Deputy Managing Director, said the setback on the ... More NBFCS New SEBI guidelines' effect on Cholamandalam Investment — Murugappa group drops move to make pref offer to DBS Bank Under the revised takeover guidelines, if in a company the promoters hold a 55 per cent stake, they cannot raise their holding either through a preferential offer or a creeping acquisition. More GENERAL INSURANCE A moped that got mowed down PRIVATE BANKS Jayarama Bhat is CGM of Karnataka Bank MANGALORE: Mr P. Jayarama Bhat, General Manager of Karnataka Bank Ltd, has been promoted as Chief General Manager. A bank release said here on Saturday that he was in charge of portfolios such as Credit, Operations and Information ... More PUBLIC SECTOR BANKS Vijaya Bank reaches FII cap MUMBAI: The Reserve Bank of India has notified that no further purchase of equity shares of Vijaya Bank can be made on behalf of foreign institutional investors, non-resident Indians or persons of Indian origin. According to a release ... More CREDIT MARKET Bank credit up Rs 13,107 cr MUMBAI: Gross bank credit increased by Rs 13,107 crore for the fortnight ended September 16 to touch Rs 12,23,857 crore, according to Reserve Bank of India's Weekly Statistical Supplement. This is inclusive of food credit, which ... More SHORT TERM INSTRUMENTS RBI plans to raise Rs 2,500 cr under MSS THE Reserve Bank of India has proposed to raise Rs 2,500 crore through the auction of 91-day and 182-day Treasury Bills, under the Market Stabilisation Scheme, said an RBI press release. Of this, Rs 1,500 crore would be raised through the ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Sep. 25-Oct. 1 Forex reserves fall by $1.05 b Bond traders expect yields to move up Insurers get aggressive with tech adoption `New pension plan can draw 2 crore subscribers initially' — Stable, low inflation regime vital, says Rakesh Mohan Direct overseas investments up SBI Caps opens retail broking arms Tread warily on MFI loans; but spare a thought for rural poor |
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