The Hindu Business Line : Sunday, January 28, 2007

FOREX
Forex reserves up $702 m
The country's foreign exchange reserves have risen $702 million to $178.128 billion, for the week ended January 19, on the back of an increase in foreign currency assets. In the previous week, the forex reserves had gone up $841 million to ... More

FINANCIAL PERFORMANCE
Karnataka Bank reports 30 pc growth in Q3 net
Karnataka Bank Ltd registered a net profit of Rs 53.88 crore during the third quarter of the current financial year as against Rs 41.52 crore during the corresponding period of the previous year, recording a growth of 29.76 per cent. The ... More

Vijaya Bank Q3 net surges 58 pc at Rs 92.73 cr
Gross income up at Rs 804.83 crore More

UBI operating profit at Rs 194.73 cr
United Bank of India has posted an operating profit of Rs 194.73 crorefor the quarter ended December 31, 2006, up from Rs 131.94 crore recorded in the corresponding period last year. The profit before tax increased from Rs 72.61 ... More

Syndicate Bank net rises on higher income
Interest on advances up 58 pc at Rs 1,143.75 cr More

Srei Infrastructure PAT up 38 pc
Srei Infrastructure Finance recorded a profit-after-tax of Rs 17.92 croreduring the third quarter of the current fiscal, a 38 per cent increase from Rs 12.96 crore posted in the corresponding quarter last year. Its total income ... More

PRIVATE BANKS
HDFC Bank launches SHG branch
HDFC Bank has launched a branch dedicated to self-help groups at Thudiyalar village near Coimbatore in Tamil Nadu. Coimbatore district has 27,000 SHG groups and 2,200 more groups are coming up. As of now, 18,000 groups are linked ... More

Karur Vysya Bank: Invest
Pricing, a decent track record and compelling valuation metrics make the rights offer an attractive proposition. More

PUBLIC SECTOR BANKS
Chidambaram to meet PSB chiefs on Feb 5
The Union Finance Minister, Mr P. Chidambaram, will meet Chief Executives of public sector banks (PSBs) here on February 5. Indications are that anti-money laundering issues of cash transaction reports and suspicious transaction reports would be ... More

Union Bank plans to set up 1 lakh self-help groups
Union Bank of India, which has good presence in rural areas, is planning to enhance its impact in rural areas through various strategies, according to Mr M.V. Nair, Chairman and Managing Director of the bank. In this regard, the bank is ... More

INTEREST RATES
Trade unions seek higher return on EPF, cite bank rates
Trustees board puts off decision on interest rate More

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Forex reserves up $702 m

Vijaya Bank Q3 net surges 58 pc at Rs 92.73 cr

Exports register lower growth in Dec at 19.5 pc

Looking back
Jan. 21-Jan. 27
Bonds remain weak in thin trading

Minorities quota: IBA begins debate

Prudential earns half its profits from Asia

Bank of Baroda posts 63-pc rise in Q3 net

IOB posts 25-pc rise in net on higher income

Lower tariff hike to stress motor insurance pool

To `firm up' or `calibrate' is RBI's dilemma

IMF for continuing reforms to ensure higher growth