The Hindu Business Line : Saturday, October 21, 2006

FOREX
Forex reserves fall $324 m
Forex reserves fell by $324 million to $164.95 billion for the week ended October 13, due to a drop in foreign currency assets and the country's reserve position with the IMF. In the previous week, reserves had fallen $30 million to $165.275 ... More

Rupee trims day's gains
The rupee trimmed most of the day's gains against the greenback on demand for dollars. The domestic currency opened higher at 45.20/21 against Thursday's close at 45.32 and dipped to close at 45.32/34. Dealers said the rupee ... More

FINANCIAL PERFORMANCE
Cholamandalam DBS loan payments up
Cholamandalam DBS Finance Ltd has reported a net profit of Rs 4.77 crore for the quarter-ended September, against Rs 16.36 crore for the same quarter of last year. The company has pointed out in a press release that last year's second quarter ... More

United Bank profit, income rise in H1
Ddip in provision requirements, rise in NII More

Bank of Maharashtra net rises 396 pc
Registers growth in core operations; adds 2.08-lakh new accounts More

Dena Bank net up 41 pc on strong growth
A strong growth in advances, net interest income and net interest margin have helped Dena Bank to post a rise in net profit by 41.34 per cent at Rs 68.75 crore (Rs.48.64 crore) in the second quarter ended September 30, 2006. Total income has ... More

SBT Q2 net up 31.5 pc
State Bank of Travancore (SBT) has recorded a 31.46 per cent increase in net profit during the second quarter ended September 30, 2006. The bank posted a net profit of Rs 136.56 crore against Rs 103.88 crore in the same period last year, while ... More

GENERAL INSURANCE
Reliance posts 400 pc growth in premium
Touches Rs 377 cr for the first half of the fiscal against Rs 75 cr last year More

CREDIT RATING
Stable rating for Tata Sons NCDs
Crisil, the ratings and policy advisory agency, has given `AAA/Stable' rating to the Rs 300-crore non-convertible debentures (NCD) of Tata Sons. The company's Rs 618-crore and Rs 1,150-crore NCDs have also been rated as "stable" by the ... More

GOVT BONDS
Bonds rally on buying
Bond prices rallied by around 20 paise (yields fell by 3.5-4 per cent) on buying by primary dealers and foreign banks, while most nationalised banks booked profits, said a bond dealer. Total traded volumes on the order matching ... More

SHORT TERM INSTRUMENTS
Call rates at 7-7.1 per cent
Call rates ruled between 7-7.10 per cent (6.85-6.95 per cent) on tight liquidity driven by festival demand. Banks borrowed Rs 1,585 crore from the RBI under two LAF auctions on FridayIn the three-day reverse repo auction under ... More

CONSUMERISM
Booklet on Banking Ombudsman
The Banking Ombudsman of Andhra Pradesh, Dr Deepali Pant Joshi, released a booklet on Banking Ombudsman Scheme 2006 published by the State Bank of Hyderabad (SBH) in English and Telugu here on Friday. At an interaction with the ... More

CO-OPERATIVES
Plea to provide loans to SHGs at 4 pc
The President of the Karnataka State Apex Cooperative Bank, Mr M.N. Rajendra Kumar, has urged the Karnataka Government to provide loans to self-help groups (SHGs) at four per cent interest rate. Presiding over `Kudlotsava' — a ... More