The Hindu Business Line : Wednesday, October 18, 2006

FOREX
Rupee rises sharply
The rupee appreciated sharply against the dollar on Tuesday, tracking gains made by the yen. The domestic currency opened at 45.38 against Monday's 45.43 to end the day at 45.2750. Dealers said that the yen appreciated to 118.60 ... More

FINANCIAL PERFORMANCE
South Indian Bank Q2 net rises 383 pc
The net profit of South Indian Bank has grown by 383 per cent to Rs 41.65 crore (Rs 8.63 crore) during the second quarter of the current year. The gross profit has risen to Rs 71.04 crore (Rs 25.58 crore). The total business volumes grew by 28 ... More

Punjab & Sind net doubles
The Punjab & Sind Bank has reported a net profit of Rs 72.93 crore for the quarter ended September 2006 recording an increase of 102.13 per cent compared with Rs 36.08 crore in the second quarter last fiscal, according to an official release. ... More

Growth in advances lifts Centurion net
Advances, fee income propel growth More

HDFC Bank net rises 31 pc in Q2
Strong growth in retail, corporate loans More

HOUSING FINANCE
UCBs' home loan limit hiked
Urban co-operative banks will now be allowed to grant individual home loans of up to Rs 25 lakh, against the earlier limit of Rs 15 lakh. "It has been decided to allow UCBs to extend individual housing loan up to the limit of Rs ... More

PUBLIC SECTOR BANKS
PNB launches doorstep banking
Punjab National Bank (PNB) has launched doorstep banking through vans in North Delhi. The areas covered under the facility are Azadpur, Gujranwala Town and Model Town. The van will be stationed at three venues in two shifts ... More

FOREIGN BANKS
French co-op keen on presence here
20-member team on exploratory mission More

GOVT BONDS
Bond yields set to rise
You need to be extraordinarily smart and savvy (or lucky) to make money in bond markets these days. For, they have defied the understanding of legends such as Alan Greenspan, the previous Chairman of the US Federal Reserve. Stocks, of course, ... More

Bond prices range-bound
Bond prices moved in a 10 paise range with a negative bias on Tuesday, as market participants expect a rate hike by the Reserve Bank of India. The trigger for the negative mood was the higher inflation figures last week at 5.16 ... More

SHORT TERM INSTRUMENTS
Call rates up on tight liquidity
Liquidity was tight due to the festive season. Banks do not have too much surplus cash, dealers said. Call rates were ruled between 6.65 - 6.75 per cent (6.6 - 6.7 per cent). In the first one-day reverse ... More

SOCIETY & DEVELOPMENT
HSBC `Helping Hands mela'
National cricket player, Mr S. Sreeshanth, inaugurated the `Helping Hands mela 2006', organised at the Kochi branch of HSBC. During the national event, which is scheduled to continue till October 20, HSBC branches across the country will invite ... More

CO-OPERATIVES
Goa signs MoU with RBI
The Goa Government has signed a memorandum of understanding with the Reserve Bank of India for strengthening the working of the urban cooperative banks in the State. Following this, a State Level Task Force for Urban Cooperative Banks has been ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Cross Currency Rates
Pick a Winner Stock Market Contest

Top Stories
Surplus seen in steel output; exports likely

Majority of Indians non-vegetarian: Study

Govt clears 3 FDI retail proposals

Urad prices likely to rise

Vegoil imports down 18%

Bond yields set to rise

Full meeting of Plan panel today

Looking back
Oct. 8-Oct. 14
The impolitic stand at Singapore

Bond prices firm on liquidity build-up

G-secs back in favour with banks

Doha Bank, SBI to tie up for e-remittance services

Insurers have to spend much on IT to survive

IFFCO-Tokio to cover risks of infotech sector

`Inflation rise not to impact interest rates'

Banks, FIs to fund urban local bodies

Deccan Aviation in deal with 2 European banks

Advt Links:
• Easy Loans in 4 8 hours