The Hindu Business Line : Friday, October 27, 2006

FOREX
Rupee gains 11 paise
The rupee gained around 11 paise against the dollar on US interest rates being left unchanged by Fed. The home currency opened at around 45.3150 and weakened intra day to 45.33/34 levels as some foreign banks were seen buying ... More

FINANCIAL PERFORMANCE
Corpn Bank net up 20 pc on higher interest income
Corporation Bank's net profit increased 20 per cent on a rise in interest income to touch Rs 127.01 crore (Rs 105.6 crore) for the second quarter ended September 30. The bank trimmed bad assets with the percentage of net Non Performing (NPAs) ... More

Reliance Capital net rises 18 pc
Reliance Capital Ltd (RCL) has reported an 18 per cent rise in net profit at Rs 192 crore for the second quarter ended September 30. Net profit in the year ago quarter was Rs 162.75 crore. Total income moved up 118 per cent to Rs 537 crore (Rs ... More

Andhra Bank Q2 net rises to Rs 146.4 cr
Focus on low-cost deposits; reports Rs 56,113-crore biz More

CONSUMER FINANCE
ICICI Bank sees 40-pc rise in vehicle financing
Ties up with Sixt for car leasing More

GENERAL INSURANCE
Bracing for challenges
Turning 100 but still agile. National Insurance tunes in to the demands of the times. More

PUBLIC SECTOR BANKS
Indian Bank `sweep' facility
Indian Bank has launched a new `premium' current account with built-in `sweep' facility for corporates, traders, businessmen and professionals. The facility, which is also being extended to customers under the bank's existing ... More

GOVT BONDS
Bond prices move up
Bond prices moved up 16 paise on Fed holding to interest rates. "The market also expects the RBI to keep rates unchanged," said a dealer at a private bank. Total traded volumes on the order matching system increased to Rs 2345 ... More

SHORT TERM INSTRUMENTS
Call rates tad lower
Call rates ruled between 7 per cent and 7.10 per cent against 7.10-7.20 per cent. In the first one-day repo auction under LAF, the Reserve Bank of India received and accepted onebid amounting to Rs 10 crore. In the reverse ... More

T-bills auction
The 91-day T-bills and 364-day T-bills auctions were fully subscribed with the total notified amount being Rs 4,000 crore. 364-day treasury-bills The Market Stabilisation Scheme (MSS) amount for 364-day T-bill ... More

ALLIANCES & JOINT VENTURES
Three-bank tie-up to share payment modes
The Oriental Bank of Commerce, Indian Bank and Corporation Bank business alliance is looking to share payment modes and launch a joint credit card. Speaking to reporters Mr B. Sambamurthy, Chairman and Managing Directorof Corporation Bank, said ... More