Financial Daily from THE HINDU group of publications
Tuesday, January 31, 2006
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Financial Daily from THE HINDU group of publications Tuesday, January 31, 2006 |
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MONEY & BANKING FOREX Rupee closes flat; bond prices rise MUMBAI: The rupee was volatile against the US dollar on Monday, but closed flat as the greenback strengthened against all the major currencies. It opened lower at 44.26/27, as the dollar had strengthened against various currencies on ... More FINANCIAL PERFORMANCE 
Lower cost of deposits lifts PNB net 18 pc in Q3PUNJAB National Bank has recorded a net profit of Rs 370 crore for the quarter ended December 31, 2005, a 17.9 per cent rise over the net of Rs 314 crore during the corresponding period in the previous fiscal. The operating profits for the ... More HOUSING FINANCE HSBC offers home loan with flexible EMI HSBC has launched a home loan product with flexible equated monthly instalment (EMI) payments. Depending on cash flow, borrowers can either increase or decrease their EMIs up to 15 per cent once a year and every year during their loan ... More LIFE INSURANCE 
Aviva Life in pact with Centurion Bank of PunjabAVIVA Life Insurance Company has inked a bancassurance agreement with Centurion Bank of Punjab. The company now has 18 tie-ups in the area of bancassurance. Mr Stuart Purdy, Managing Director, Aviva Life Insurance said that currently 66 per ... More
GENERAL INSURANCE GIC picks up 3 lakh shares in Surana Industries THE Chennai-based Surana Industries Ltd's proposal to put up a Rs 473-crore integrated steel complex in Karnataka seems to have gone well with the financial sector. General Insurance Corporation of India Ltd has been picking up the company's ... More PRIVATE BANKS 
Federal Bank GDR to list on London Stock Exchange on ThursdayTHE Federal Bank GDR, which mobilised close to $80 million, is slated to list at the London Stock Exchange on Thursday. While the issue of 18 million Global Depository Receipts realised $71.46 million, the green shoe option of 2 million GDR ... More CORPORATE BONDS Panel suggestion for deepening market — Uniform stamp duty on corporate bonds needed A market-making scheme for corporate bonds should be evolved that could include large intermediaries such as banks, primary dealers, and investment banks. More CREDIT CARDS & DEBIT CARDS Peerless ties up with ICICI Bank PEERLESS General Finance & Investment Co has tied up with ICICI Bank to launch a co-branded affinity credit card. This will be a lifetime free offer. The card, which will allow personal air accident insurance up to Rs 20 lakh (to the primary ... More
Indian Bank launches credit card MERGERS & ACQUISITIONS SC declines to stay HC order on Federal, Ganesh Bank merger THE Supreme Court on Monday declined to stay an interim order passed by the Bombay High Court on January 27 staying the merger of Federal Bank Ltd with Ganesh Bank of Kurundwad in Maharashtra. A three-judge Bench comprising the Chief Justice, ... More ALLIANCES & JOINT VENTURES AI signs $429-m interim finance pact for aircraft purchase AIR India (AI) on Monday signed a $429-million (Rs 1,888.46 crore) interim financing agreement with a consortium of banks for funding the purchase of new aircraft for itself and its 100 per cent subsidiary Air India Express. "The funds raised ... More OUTLOOK `Net interest margins of banks under pressure' NET interest margins (NIM) are under pressure for the banking industry because deposit rates have gone up and there has been no corresponding increase in lending rates, said Dr Anil Khandelwal, Chairman and Managing Director, Bank of ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Jan. 22-Jan. 28 Bond traders wait for monetary policy review for direction Deposits exempt from TDS on interest — CBDT plans change in banks' reporting details Expect status quo in credit policy review Pref. shares may change banking landscape `India among fastest growing markets for Visa' India Infoline plans foray into investment banking Forex reserves down $66 m |
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