The Hindu Business Line : Thursday, July 26, 2007

FOREX
Rupee sheds 8 paise
The rupee weakened by eight paise against the greenback on Wednesday due to dollar buying by some nationalised banks, said a dealer. The home currency eased from its nine-year high to close at 40.35, down from the previous close of 40.27. The ... More

FINANCIAL PERFORMANCE
Bank of India posts 51% growth in Q1 net
Boosted by increase in income, higher NPA recoveries More

PNB net up 15.7% despite dip in net interest margin
Bank aims at recoveries of Rs 1,000-cr NPA this fiscal More

IndusInd Bank net rises 65% on higher fee-based income
Mumbai, July 25 Backed by a growth in its fee-based income, IndusInd Bank has posted a 65.04 per cent growth in its net profit for the quarter ended June 30, 2007 to Rs 13.22 crore from Rs 8.01 crore in the corresponding quarter of the ... More

Yes Bank net jumps 113%
Driven by strong growth in net-interest income and non-interest income, Yes Bank has recorded a 113.3 per cent jump in its net profit for the first quarter ended June 30, 2007. The bank’s profit after tax was at Rs 36 crore against Rs 16.88 ... More

Bank of Maharashtra profit rises 33.8%
Pune, July 25 Bank of Maharashtra has recorded a net profit of Rs 81.58 crore for the first quarter of the current fiscal as against Rs 60.96 crore in the corresponding period last year, registering a growth of 33.82 per cent. Total ... More

Interest income drives Canara Bank net profit
Repricing allowed to improve average yield on assets More

IDFC net profit up 38% in first quarter
In co-financing pact with India Infra More

PRIVATE BANKS
IndusInd Bank net rises 65% on higher fee-based income
Mumbai, July 25 Backed by a growth in its fee-based income, IndusInd Bank has posted a 65.04 per cent growth in its net profit for the quarter ended June 30, 2007 to Rs 13.22 crore from Rs 8.01 crore in the corresponding quarter of the ... More

PUBLIC SECTOR BANKS
United Bank plans marketing gold coins
First quarter net up 25% More

Canara Bank’s new branch in Mangalore
Canara Bank opened its 23rd branch in Mangalore city at Kottara Chowki on Wednesday. It is the 2598th branch of the bank. Inaugurating the branch, Mr M. Maheshwara Rao, Deputy Commissioner of Dakshina Kannada district, highlighted the role of ... More

CREDIT MARKET
IFC, FMO, Deutsche Bank to invest in Aavishkaar Goodwell
International Finance Corporation, FMO, the Netherlands Development Finance Company, and Deutsche Bank on Wednesday announced their joint investment in the microfinance private equity company Aavishkaar Goodwell.This investment will ... More

SHORT TERM INSTRUMENTS
Call rates end flat
The inter-bank call rates closed flat at 0.2-0.3 per cent on Wednesday. The Reserve Bank of India received bids worth Rs 1,07,600 crore while it accepted bids to the tune of Rs 2,993 crore through the reverse repo window under the two sessions of ... More

CO-OPERATIVES
Kerala working on streamlining co-op institutions’ audit
Thiruvanathapuram, July 25 The Kerala Government has issued notification for the appointment of a co-operative audit director as part of the efforts to streamline the audit of cooperative institutions in the State.The Minister for ... More

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

Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
What sets India apart from the ‘Big Five’

Palm oil import duty near to levels sought by ASEAN

Rlys cuts e-ticket service charges

Bank of India posts 51% growth in Q1 net

China facing glut in stainless steel

Puravankara sets Rs 500-525 price band

ONGC Q1 net up 12%, turnover dips 6%

Looking back
Jul. 15-Jul. 21
Corporation Bank Q1 net rises on higher volumes

Making Mumbai an international finance centre

Growth and adjustment after East Asian crisis

Rising rupee: Exporters look for further relief

Weak rupee not the cure-all

Credit card business set for over 30% growth

IRDA balking at migration to new solvency norms

India’s holdings of US G-secs fall in May