The Hindu Business Line : Friday, January 25, 2008

AK Capital Q3 net up 138%
Mumbai, Jan. 24 Merchant bank AK Capital Services Ltd posted a 138 per cent rise in net profit at Rs 9.1 crore for the quarter ended December, against Rs 3.83 crore in the same quarter last year. The strong growth is due to increased ... More

SBI Life posts Rs 38-cr net
Mumbai, Jan. 24 SBI Life Insurance has reported a net profit of Rs 38 crore in the first nine months of the fiscal ending December 2007, against a loss of Rs 33 crore in the previous year. The company’s profits have now wiped out all ... More

LIFE INSURANCE
ING Vysya Life to raise Rs 100 cr more capital
New Delhi, Jan. 24 ING Vysya Life Insurance Company Ltd is looking at raising an additional Rs 100 crore capital by March this year.“The current capital that has been infused is Rs 790 crore and by March we want to raise it around ... More

GENERAL INSURANCE
TCS wins $40-m New India Assurance deal
This is its first major engagement in the non-life insurance space More

PRIVATE BANKS
Karur Vysya Bank's 278th ATM
More

GOVT BONDS
Bonds rangebound
The bond market saw movement of around 40 paise in intra-day trade. Prices closed more or less at the same levels as the previous day’s. Total traded volumes in the order matching system were Rs 12,000 crore. A bond dealer with a private ... More

NON-PERFORMING ASSETS
‘Prices offered by asset recast cos for NPAs sold are low’
Asset reconstruction companies (ARCs) in the country can look at offering a reasonably better price for the assets sold by banks, according to Mr Ananthakrishna, Chairman and Chief Executive Officer of Karnataka Bank Ltd. However, at ... More

CREDIT MARKET
‘US has lessons to give on investor-friendly action’
Brokers, investors seek similar relief from Government More

PSU banks promise additional capital market exposure
Within regulatory limits set by the RBI More

SHORT TERM INSTRUMENTS
Call rates close higher
Call rates closed at 7.8-7.9 per cent, higher than the previous day’s close of 7.2-7.3 per cent. In the one-day auction under the Liquidity Adjustment Facility, the RBI received and accepted four reverse repo bids for Rs 3,415 crore and ... More

MORTGAGE
‘Sub-prime blame game hides issues’
Thiruvananthapuram, Jan. 24 The ‘sub-prime’ blame game targeting the rating agencies merely helps push under the carpet the real issue – why this inexplicable drift into yet another financial/accounting crisis. “A few ... More

MERGERS & ACQUISITIONS
SBI net grows 70% in Q3 on higher income
Picking up 91% in Global Trade Finance More

ALLIANCES & JOINT VENTURES
United Bank ties up with KVIB
United Bank of India (UBI) and Khadi & Village Industries Board (KVIB) signed an MoU here on Thursday for collection of registration fees and distribution margin money, according to a press release issued by the bank. With the signing of the ... More

OUTLOOK
PNB examines funding options for housing finance arm
To exit life insurance joint venture; posts 26% rise in Q3 net More