The Hindu Business Line : Tuesday, April 24, 2007

FOREX
Rupee gains 9 paise
The rupee strengthened by around 9 paise against the greenback to close at 41.67/68 on Monday against the previous close of 41.76/77. It opened at 41.67, saw an intra-day high of 41.58 (which was also a nine-year high) before ... More

INFORMATION TECHNOLOGY
Corpn Bank branches under CBS
Corporation Bank has brought all its branches under the core banking solution (CBS). A bank release said here that Mr P. Chidambaram, Union Finance Minister, dedicated all branches of the bank under CBS in ... More

FINANCIAL PERFORMANCE
Bank of India net rises 76% in fourth quarter
Focus on low-cost deposits More

IOB's net tops Rs 1,000 cr
Core operations boost bottomline More

Reliance Capital Q4 net up 9%
Reliance Capital has reported a 9.23 per cent increase in net profit at Rs 311.95 crore for the quarter ended March 31, 2007 as compared to Rs 285.59 crore for the same period last year. Total income has increased to 26.38 per cent from Rs 322.33 ... More

Indian Bank's Q4 profit up 69%
Strong growth in net interest income and operating profits helped Indian Bank post a 69.09 per cent rise in net profit at Rs 235.31 crore in the fourth quarter ending March 31, 2007 against Rs 139.16 crore in the corresponding quarter the ... More

South Indian Bank net up 105%
The net profit of South Indian Bank has gone up by 105 per cent to Rs 104.12 crore (Rs 50.90 crore) for the year 2005-06. The board of directors has recommended a dividend of 25 per cent, up from 18 per cent of last year. Announcing the ... More

GENERAL INSURANCE
Insurance cover for advocates
The Bar Council of Andhra Pradesh has introduced group mediclaim policy and group personal accident policy for the advocates on its rolls. According to a press release issued here on Monday, the group mediclaim policy is ... More

DEBT MARKET
`Liquid plus' funds claim greater share of spoils
They have added attraction for large investors More

RBI & OTHER CENTRAL BANKS
Services, manufacturing drive 9.2% GDP growth
Agricultural growth slows down to 2.7% from 6% More

PUBLIC SECTOR BANKS
BoB opens Gen-Next branch
Bank of Baroda has opened Gen-Next, its first youth-oriented, branch in the country. Based on this pilot, the model will be taken to other cities, according to Dr Anil Khandelwal, Chairman and Managing Director. Stating that the ... More

GOVT BONDS
Bond prices drop by 25 paise
Bond prices fell by about 25 paise (yields rose by two-three basis points) on nervousness over the RBI's credit policy on Tuesday. "The auction of around Rs 6,000 crore will also take place on Friday in line with expectations," ... More

SHORT TERM INSTRUMENTS
Call rates down 9%
Call rates closed lower at 9-9.25 per cent on Monday against the previous close of 9.50-10 per cent. The RBI lent to banks Rs 9,990 crore through the repo window, while banks parked Rs 235 crore under the reverse repo with the ... More

MERGERS & ACQUISITIONS
`Size matters for banks'
The Bank of India Chairman, Mr M. Balachandran, has stressed the need for scaling up operations in banks. In an informal chat with Business Line, he said, "Large size is essential for cost-effective operations, for capital ... More

IPOS
Central Bank gets nod for IPO
Net nearly doubles More