The Hindu Business Line : Saturday, June 07, 2008

DIVIDEND ANNOUNCEMENT
Karur Vysya Bank Q4 net up 33%, pays Rs 12
Chennai, June 6 Karur Vysya Bank has reported a 33 per cent rise in its net profit for the fourth quarter of 2007-08 — to Rs 70 crore from Rs 53 crore in the corresponding period of last year.Further, as its net profit for the ... More

INSIGHT
A dynamic approach to assessing credit risk
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COURTS/LEGAL ISSUES
RBI moves apex court against stay to Sahara
Co files caveat, will argue its case More

FOREX
Forex reserves down $1.56 b
Mumbai, June 6 The foreign exchange reserves fell by around $1.56 billion to $ 314.614 billion for the week-ended May 30. In the previous week, the reserves had surged by $2.090 billion.According to the RBI’s Weekly Statistical ... More

FINANCIAL MARKETS
Darkest hour before dawn?
The last few days have seen some momentous, market-driving developments. Except that markets haven’t moved all that much.Start with the US Fed Chairman, Mr Ben Bernanke’s address to Harvard University, in which he, for the ... More

PUBLIC SECTOR BANKS
‘Banks should expand outreach’
New Delhi, June 6 Banks need to expand their outreach to hitherto unbanked areas/States by re-focusing their strategies and using appropriate technology and delivery channels, the Minister of State for Finance, Mr Pawan Kumar Bansal, has ... More

INTEREST RATES
ICICI Bank raises NRE rates
ICICI Bank increased the interest rates on NRE fixed deposits and FCNR deposits with effect from June 1. The revised rate on NRE term deposits of 12 months to 18 months and deposits of 18 months to 24 months is 3.16 per cent (3.08 per ... More

NON-PERFORMING ASSETS
Moody’s cautions banks on asset quality
Any rapid deterioration in NPAs could affect rating More

CREDIT MARKET
Bank credit showing revival
Chennai, June 6 Bank credit rose by Rs 17,761 crore over the fortnight ended May 23, according to the weekly statistical supplement of the Reserve Bank of India. This was the second successive fortnight when bank credit has been going up by an ... More

SOCIETY & DEVELOPMENT
YES Bank launches community initiatives
Mumbai, June 6 YES Bank has launched “YES Community”, an initiative to build awareness on key environment and social issues through micro-events at the bank’s branches. The bank has started off with the theme of ... More

PEOPLE

Corporation Bank Field GM