The Hindu Business Line : Tuesday, May 16, 2006

Outsourcing: TUs plan stir
Trade unions in the financial sector are gearing up for a nation-wide agitation against the move to source banking and insurance services. The unions are observing May 16 as "anti-outsourcing day" with various programmes such as protest rallies ... More

FOREX

Rupee slips to 5-month low
The Indian rupee slipped to a five-month low on Monday tracking the crash in stock prices and declining trend in currencies elsewhere. The rupee opened at 45.05 against the US dollar. Heavy dollar buying by foreign banks kept the rupee down, ... More

FINANCIAL PERFORMANCE

Syndicate Bank net up 33 pc
Provisioning for NPAs, standard assets dent Q4 net More

Kotak Mahindra Bank Q4 net rises 50 pc
Kotak Mahindra Bank has reported 50 per cent growth in net profit for the quarter ended March 31, 2006, at Rs 34.7 crore against Rs 23.1 crore in the year ago period. Net interest income for the period was Rs 108.2 crore, up by 61 per cent ... More

Allahabad Bank posts dip in trading profit
Allahabad Bank has recorded an investment trading profit of Rs 138.95 crore for the year ended March 31, 2006, down from Rs 347.43 crore it posted in the previous fiscal. The bank, whose investments (gross) stood at Rs 18,315.67 crore in ... More

GENERAL INSURANCE

NIC bags mandates from GMR, SpiceJet
Insurer working on more mediclaim products aimed at youth More

AP to launch health insurance scheme
Targets poor, Govt working out modalities More

RBI & OTHER CENTRAL BANKS

Trade liberalisation alone not enough: World Bank
Even as the $38 billion spent by the World Bank in financing trade programmes since 1987 helped open markets, it was not as effective as anticipated in boosting exports and growth, and alleviating poverty, according to a new report presented by ... More

PUBLIC SECTOR BANKS

Andhra Bank opens overseas office
Andhra Bank has announced the opening of its first overseas representative office at Karama in Dubai. In a press release here, the bank Chairman and Managing Director, Mr K. Ramakrishnan, said the representative office was established to offer ... More

CO-OPERATIVES

TN co-op bank staff seek compensation
While hailing the Government for declaring waiver of farm loans of Rs 6,680 crore, the Tamil Nadu Co-operative Bank Employees' Association (TNCBEA) has appealed to the Government to recompense the banks to the same extent at one go to ensure flow ... More

PEOPLE

New GM, State Bank of Hyderabad
State Bank of Hyderabad (SBH) has announced that Mr Dilip Mavinkurve has assumed the charge as General Manager on Monday. Before joining SBH, he was General Manager with State Bank of Bikaner and Jaipur, the bank ... More

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