MONEY & BANKING
FINANCIAL SERVICES
Market risks drive PSBs to merchant trading
Trim proprietary trading; fees offset dip in treasury income
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INSIGHT
Municipal financing: Where are the issuers?
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FOREX
Rupee volatility: Metal cos take to Indian exchanges for hedging
Trend reflected in rise of open interest in commodity bourses
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FINANCIAL PERFORMANCE
Allahabad Bank Q2 net rises 14%
Kolkata, Oct. 17 Allahabad Bank has recorded a net profit of Rs 239.78 crore for the quarter ended September 30, as compared to Rs 210.03 crore for the corresponding quarter last year, registering an increase of 14 per cent.The ...
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YES Bank Q2 net doubles
To raise Rs 600-cr capital
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HOUSING FINANCE
IOB cuts housing loan rates
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LIFE INSURANCE
LIC makes stock buying of Rs 175-180 cr
Mumbai, Oct. 17 For the Life Insurance Corporation of India, it was just another average ay at the stock market. The corporation made total stock purchases of around Rs 175- Rs 180 crore on Wednesday, said a senior LIC ...
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Kotak Mahindra OM Life to beef up rural initiative
Pune, Oct. 17 Kotak Mahindra Old Mutual Life Insurance Ltd is strengthening its initiative in the rural areas, and will focus on deeper penetration in Maharashtra, Gujarat, Punjab, Haryana and Kerala. The company is in the process of ...
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FINANCIAL MARKETS
Rupee down by 20 paise
Mumbai, Oct 17 The rupee which has been on a gaining spree, weakened by 20 paise against the dollar, on the back of SEBI’s proposal to contain capital inflows, through participatory notes. On Wednesday, the home currency saw ...
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PRIVATE BANKS
Catholic Syrian expansion
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PUBLIC SECTOR BANKS
Canara Bank cuts retail loan rates
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GOVT BONDS
Bond market listless
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CREDIT MARKET
Union Bank hopes to meet credit target
Build-up in loan delinquencies worrisome, says CMD
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SHORT TERM INSTRUMENTS
Call rates tad lower
The inter-bank call rates closed at 6-6.10 per cent on Wednesday, against the previous close of 6.10-6.20 per cent. In the first one-day reverse repo auction under the Liquidity Adjustment Facility, the Reserve Bank of India received and accepted ...
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ALLIANCES & JOINT VENTURES
PNB signs pact with IIFCL
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EVENTS
Bank coin distribution week
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RIGHTS ISSUE
SBI may get nod for rights issue
New Delhi, Oct. 17 The Finance Ministry is likely to allow State Bank of India (SBI) to float a Rights Issue to mobilize anywhere between Rs 11,000 to Rs 12,000 crore to fund business growth. “The mode of raising capital would ...
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NEW PRODUCTS & SERVICES
`Synd Sona' launched
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