The Hindu Business Line : Thursday, November 01, 2007

PREFERENTIAL ALLOTMENTS
Karnataka Bank EGM okays pref allotment to IFC
Mangalore, Oct. 31 The Extraordinary General Meeting (EGM) of shareholders of Karnataka Bank on Wednesday passed a unanimous resolution giving consent to the issue of 63.73 lakh equity shares of Rs 10 each on preferential basis to the ... More

CREDIT POLICY
Credit policy fails to cheer PSU refiners
Cos seek relevant clarifications from RBI More

FINANCIAL PERFORMANCE
Canara Bank rejigs credit portfolio; Q2 net up 11%
Focus on priority sector, retail growth curbed More

Bank of Baroda plans to raise Rs 3,000 cr
Q2 net at Rs 327 cr; robust growth in other income More

Other income lifts Centurion net
Backed by a growth in other income, Centurion Bank of Punjab has posted a 33.76 per cent in net profit at Rs 41.64 crore for the quarter ended September 30, 2007, against Rs 31.13 crore in the corresponding quarter of the previous ... More

Magma Shrachi Q2 net up 77%
Kolkata, Oct 31 The profit after tax of Magma Shrachi Finance Ltd, for the quarter ended September 30, has increased to Rs 16.31 crore, registering an increase of 77 per cent over the Rs 9.21 crore achieved during the same quarter of 2006-07. ... More

PRIVATE BANKS
ICICI Bank branch in Petersburg
ICICI Bank Eurasia LLC, a subsidiary of ICICI Bank, has opened a branch in St Petersburg. The branch will offer a range of banking and financial services.This is the 5th branch that ICICI Bank has opened in Russia. ICICI Bank Eurasia ... More

TMB branch opened at Panruti
More

PUBLIC SECTOR BANKS
SBH opens ATM at Kachiguda
More

FOREIGN BANKS
StanChart to ramp up microfinance activities
Keen to expand presence here More

GOVT BONDS
Bond prices up
Bond prices rose by around 5-10 paise as the RBI rejected bids in the 91-day and 182-day Treasury Bill auctions held today. Total traded volumes on the order-matching system were at Rs 4,130 crore. Dealers said that selling pressure earlier in ... More

MONETARY POLICY
RBI seen paring reverse repo rate in due course
Chennai. Oct. 31 DSP Merrill Lynch expects the Reserve Bank of India to eventually pare the reverse repo rate as the US Fed eases. Mr Indranil Sen Gupta, Senior Director and Chief India Economist, – DSP Merrill Lynch, while agreeing with ... More

‘RBI concerned over excess liquidity’
Chennai, Oct. 31 The Mid-term policy outlook seems to suggest that the Reserve Bank of India is concerned about excess liquidity in the system, says Mr Ashish Bharat Ram, MD, SRF Ltd. He said that strong indications seemed to suggest ... More

CREDIT MARKET
Central Bank goes slow on personal loans
Central Bank of India’s net profit for the half year ended September 30, 2007 went up by 3.26 per cent at Rs 222 crore against Rs 215 crore for the corresponding half-year period of the previous fiscal. “There has been only a ... More

SHORT TERM INSTRUMENTS
Rupee tad firmer
More

Call rates steady
More

EVENTS
The other side of the Governor
Chennai, Oct. 31 Central banking, they say, is more about being seen than being heard. But quarterly monetary policy reviews provide an opportunity to do both. And sometimes convey the impression of being loquacious while at the same time ... More

CO-OPERATIVES
Termination of co-op staff without enquiry barred: HC
Chennai, Oct. 31 The TN Shops & Establishments Act, 1941 provided for relief to employees of co-operative institutions from being terminated from service without conducting proper enquiry, Madurai Bench of Madras High Court ruled. ... More

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Cross Currency Rates

P-Note blues

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
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Credit policy fails to cheer PSU refiners

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Mobile 2.0 is here — and Indians are making IT happen

Nuclear deal and non-proliferation issues

Canara Bank rejigs credit portfolio; Q2 net up 11%

ONGC to invest Rs 4,000 cr in Mumbai High

Tata Steel in pact with Vietnam Steel

Rice shipments stand still despite court order

Looking back
Oct. 21-Oct. 27
Bond traders cautious ahead of Credit Policy; shorts in demand

LIC Housing net rises on higher interest income

Managing foreign fund inflows a challenge: Kamath

Rupee tracks stock market gains

IBA to enforce fair practice code for debt recovery

Kotak Bank sees deposit rates falling by 100 bps

Banks told to drop special deposit schemes

Forex reserves up $4.457 b