The Hindu Business Line : Monday, October 31, 2005

SBI (Kerala Circle) staff assail hasty work on core banking
THE officers and staff of State Bank of India (SBI), Kerala Circle, have assailed the haste with which the core banking system is being implemented in the branches. SBI Officers Association and State Banks Staff Union, which held a dharna in ... More

FINANCIAL PERFORMANCE

PNB net rises to Rs 422 cr in Q2
PUNJAB National Bank (PNB) has registered a net profit of Rs 422.04 crore for the second quarter ended September 30, 2005, a 2.3-per cent rise over the net profit of Rs 412.55 crore registered during the year-ago period. Net profit for the half ... More

Central Bank of India first half net falls
CENTRAL Bank of India has reported a fall in net profit at Rs 107.77 crore for the six-month period ended September 30, 2005, from Rs 331.06 crore last year. The bank suffered a hit of Rs 319.04 crore after making provision for depreciation on ... More

HOUSING FINANCE

Banks plan to step up housing loans
THE Reserve Bank of India may be frowning at the real estate bubble that it has spotted, but banks across the country are in no mood to apply the brakes on lending to the sector. On the contrary, banks appear to be chalking out plans to ... More

LIFE INSURANCE

Tata AIG Life plans more health cover products
IT HAS been over two years since Tata AIG came up trumps with `Health First', a health insurance plan with life cover. The company is gearing up to launch similar products. Mr Ian J. Watts, Managing Director, Tata AIG Life Insurance, said ... More

Birla Sun Life to tap rural business
FOLLOWING the revised definition of the rural areas by the insurance regulator, Birla Sun Life Insurance (BSLI) has decided to take advantage of the vast opportunity in the hinterland. Addressing newspersons here, the BSLI Vice-President, Ms ... More

DEBT MARKET

Bonds firm up on technical correction
BONDS firmed slightly last week on a technical correction and also on support from life insurance companies and mutual funds. Traders said that the slight reversal was also triggered by the remarks of the Union Finance Minister, Mr P. ... More

PUBLIC SECTOR BANKS

Chidambaram asks bank employees to co-operate with reforms — Inaugurates IOB's 1503rd branch
THE Union Finance Minister, Mr P. Chidambaram, has appealed to bank employees to co-operate with the reforms process to strengthen the financial sector and take the economy forward. He was inaugurating the 1,503rd branch of Indian Overseas ... More

Andhra Bank's Sunday banking at Mumbai's Ghatkoper West branch
MUMBAI: Andhra Bank on Sunday launched `Sunday Banking' scheme in its Mumbai's Ghatkoper West branch. Inaugurating the new facility, Mr T.R.S. Trivedi, the bank's zonal manager, said the bank was taking all steps to introduce modern ... More

SBH's `Relationship Manager' at Secunderabad branch
HYDERABAD: State Bank of Hyderabad (SBH) has introduced the `Relationship Manager' system at its R.P. Road, Secunderabad branch. Mr R.P. Singh, Chief General Manager, said the move intents to extend relationships based on high value ... More

SHORT TERM INSTRUMENTS

RBI 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 a press release. Of this, Rs 1,500 crore would be raised through the auction of ... More

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