The Hindu Business Line : Thursday, May 25, 2006

REGIONAL RURAL BANKS
South Malabar Gramin Bank posts Rs 17-cr net profit
The South Malabar Gramin Bank has posted a net profit of Rs 17.04 crore for 2005-06 compared to Rs 19.16 crore the previous year. The principal reason for the fall in profit was the additional expenditure of Rs 5 crore incurred on salary arrears, ... More

INSIGHT
Monetary policy in uncertain times
What is the impact of the RBI's three policy rates on inflation and the shifts in output? How do the rising crude prices affect inflation? These and a dozen other issues need careful research if the monetary policy objectives of output/employment gro wth are to be achieved, says A. VASUDEVAN. More

FOREX
Rupee weakens
A stronger dollar overseas and fear of foreign institutions selling in the equity market caused the rupee to weaken against the US dollar and end about 20 paise lower on Wednesday. The rupee opened at 45.65/66 and closed at ... More

INFORMATION TECHNOLOGY
SBI Kerala circle networked
The Kerala circle of State Bank of India has become the first to become fully networked under the core banking platform. Speaking at a function here to commemorate the event, the SBI Chairman, Mr A. K. Purwar, said it has been ... More

FINANCIAL PERFORMANCE
ING Vysya Q4 loss at Rs 25 cr
ING Vysya Bank has posted a net loss of Rs 24.6 crore for the quarter ended March 31, 2006 against a net profit of Rs 4.6 crore it earned for the corresponding period during 2004-05. The Bank's income, however, increased to Rs 357.8 crore (Rs ... More

GENERAL INSURANCE
Insurance for auditors
The Professional Fees Insurance scheme assures that the auditor's fees are not jeopardised. More

PUBLIC SECTOR BANKS
SBBJ agri credit rises 28.4 pc
State Bank of Bikaner and Jaipur (SBBJ) has registered 28.4 per cent increase in agricultural credit to Rs 2,848 crore in 2005-06. Agriculture credit as a percentage of net bank credit (NBC) at 18.04 per cent was above 18 per cent prescribed by ... More

United Bank hopes to do Rs 55,000-cr biz
Keen to expand network More

Allahabad Bank up on growth hopes
The Rs 10-face value Allahabad Bank stock, which has now come off its 52-week high of Rs 100, is seen to be accumulated by some sections, following what seems to be tell-tale signs of improving operations. This is said to have been reflected in a ... More

FOREIGN BANKS
ABN Amro starts retail broking services
Awaits RBI guidelines to begin NBFC operations More

GOVT BONDS
Bond prices range-bound
The bond market was range-bound and prices fell by about 10 paise since there was no positive news for the market, dealers said. The 7.59 per cent 10-year 2016 paper opened at Rs 99.90 (7.6 per cent YTM) and closed at Rs 99.80 ... More

CREDIT MARKET
Handlooms: Lending rates may be cut
The Government is considering reduction in the rate of interest on the credit available to the handloom sector at par with the agricultural sector, the Minister of Textiles, Mr Shankersinh Vaghela, said while chairing the third ... More

SHORT TERM INSTRUMENTS
Yields on T-bills up
The yields on the 91-day and 364 day Treasury-Bills were higher than last week, said dealers and the Reserve Bank of India had to lower the cut-off price. For the 364-day T-bill, the notified amount was Rs 2,000 crore, out of which Rs 1,000 ... More

Call rates steady at 5.5-5.6%
Call rates were steady at 5.5-5.6 per cent (5.55 per cent). In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 29 bids amounting to Rs 35,675 crore and in the second auction, 40 ... More

FIXED DEPOSITS
CUB hikes rates on term deposits
City Union Bank has hiked its interest rate on domestic term deposits from May 15. It now offers a maximum of 9 per cent for maturity of five years and above. Senior citizens are given a special rate, which is 0.5 per cent higher ... More

ALLIANCES & JOINT VENTURES
TVS Finance ties up with DoP
TVS Finance and Services has entered into a marketing tie up with the Department of Posts, Karnataka, to sell its loan products. The deal involves all the post offices in Karnataka to deliver `loans at doorstep'. Targeted at ... More

Cross Currency Rates