The Hindu Business Line : Tuesday, October 25, 2005

Rupee weakens; bonds edge up
MUMBAI: The rupee slipped against the dollar on the back of importer demand on Monday. The domestic currency opened at 45.15/17 and hovered at this level for most of the day. It touched an intra-day high of 45.12/13, but closed at ... More

FINANCIAL PERFORMANCE

State Bank of Mysore Q2 net rises 20 pc
THE State Bank of Mysore reported a 20 per cent increase in net profit for the second quarter of the current financial year. A SBM release said here on Monday that the profits for Q2 this year was Rs 51.53 crore, up from Rs 42.90 crore during ... More

Vijaya Bank Q2 net rises 5 pc
VIJAYA Bank has reported a 5-per cent increase in net profit for the second quarter of the current financial year. A bank release said net profit for Q2 was Rs 75.05 crore, up from Rs 71.43 crore during the corresponding period of the last ... More

LIC Housing Fin posts 28-pc rise in Q2 net
LIC Housing Finance has reported a 28-per cent increase in net profit for the second quarter ended September 30.Net profit for the quarter amounted to Rs 58.36 crore as against Rs 45.58 crore reported for the corresponding quarter of the previous ... More

Union Bank net falls as investment income dips
THE Union Bank of India saw its net profit decline by 71.09 per cent to Rs 61 crore during the quarter ended September 30, from Rs 211 crore during the corresponding quarter last year, due to a reduction in profit on sale of investments. The ... More

Andhra Bank Q2 net up 22 pc
ANDHRA Bank has reported a growth of 21.55 per cent in net profit at Rs 132.89 crore (Rs 109.33 crore) for the second quarter of the current fiscal ended September 2005. The bank recorded a growth of 11.92 per cent in interest income at Rs 635.31 ... More

Canara Bank Q2 net dips on higher provisioning
PUBLIC sector Canara Bank has reported a 23 per cent drop in net profits in the second quarter of this financial year on account of increased provisioning. Net profits were down to Rs 306.51 crore in the second quarter (Q2) this year from Rs ... More

Corporation Bank net surges 72%
CORPORATION Bank's net profit surged 72.40 per cent to touch Rs 105.6 crore for the quarter ended September 30, 2005 as against Rs 27.39 crore in the corresponding quarter last year. The huge increase in profit is due to lower provisioning this ... More

RBI & OTHER CENTRAL BANKS

Oil price to increase fiscal burden, warns RBI
THE Reserve Bank of India has repeated its warning that unless the Government passes on the increase in international oil prices to the domestic market, it will pose a significant risk to the country's fiscal situation. "The hike in ... More

PUBLIC SECTOR BANKS

`Banks may need Rs 60,000 cr more capital'
Chidambaram to convene meet of CMDs next month to discuss issue
THE Finance Minister, Mr P. Chidambaram, has said that Indian banks may have to raise Rs 60,000 crore capital in the next five years to support their likely growth of business based on an assumption of seven per cent annual GDP growth. "Banking ... More

SBT launches e-payment of taxes
THIRUVANANTHAPURAM: State Bank of Travancore (SBT), which recently networked all its 672 branches with core banking solutions, has launched the facility for e-payment of Central excise and service taxes through its Internet banking ... More

Canara Bank's `kisan kiosk' at Neyyatinkara branch
THIRUVANANTHAPURAM: Canara Bank has opened a `kisan kiosk' at Neyyatinkara branch, near here, for providing IT-enabled services to the farmers. This is the first of its kind opened by the bank in the entire country and the first in ... More

FOREIGN BANKS

ABN-Amro plans to expand micro-financing to Rs 400 cr
ABN-AMRO Bank is planning to lend Rs 400 crore to 10 lakh women through micro-finance institutions (MFIs) by the end of 2008. Speaking to newspersons on the occasion of the inauguration of the 22nd branch of the bank at Mangalore on Monday, Mr ... More

CREDIT MARKET

Non-food credit rises Rs 68,779 cr in 5 months
LOANS (non-food gross bank credit) rose by Rs 68,779 crore to Rs 10,00,245 crore over the five months ended August 19, 2005, according to statistics put out by the RBI on deployment of non-food bank credit. This data was taken from the ... More

EVENTS

2-day IFC meet in Mumbai from Nov 10
MR Iyad Malas, Director, South Asia of the International Finance Corporation (IFC), (the private sector lending arm of The World Bank) announced on Monday that a seminar on select emerging markets, "New Markets, New Partners" will be held in ... More

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