The Hindu Business Line : Thursday, June 19, 2008

OVERSEAS BORROWINGS
Andhra Bank to raise $300 m loan
Kolkata, June 18 Andhra Bank plans to raise $300 million worth foreign currency loan in 2008-09, of which $125 million would be raised in the next few weeks. The amount raised would fund the bank’s growth needs, said Mr K. Ramakrishnan, ... More

FOREX
Rupee range-bound
The rupee was range-bound against the dollar on Wednesday in the absence of major demand or selling pressure. During the day, the domestic currency was traded between 42.91 and 42.90 levels, said dealers. It opened at 42.86 and closed at 42.89, ... More

FINANCIAL PERFORMANCE
Deutsche Bank’s India branches net up 77%
Deutsche Bank’s India branches recorded a net profit of Rs 386 crore for the year ended March 2008, an increase of 77 per cent from Rs 218 crore in the corresponding period last year. The rise in profits was on account of all ... More

PUBLIC SECTOR BANKS
Govt ready to infuse more capital into Central Bank
Bank urged to improve bottomline growth, build on strengths More

GOVT BONDS
Bonds fall; await inflation cues
After rising for two days in a row, bond prices fell by about 20 paise, as investors sold securities to take profits. Dealers said that the market was keenly watching the inflation figures to be released on Friday. “There is scope for the ... More

CREDIT MARKET
‘Banks now have greater ability to absorb credit losses’
More

SHORT TERM INSTRUMENTS
Call rates unchanged
The inter-bank call rates closed unchanged from the previous close at 8-8.10 per cent. Reserve Bank of India received and accepted one bid in the one-day repo auction amounting to Rs 6,270 crore. There were no reverse repo bids. In the CBLO ... More

FIXED DEPOSITS
Vijaya Bank hikes deposit rates
Public sector Vijaya Bank hiked its time deposit rates by 30 basis points to 8.80 per cent for tenures less than 2 years. A Vijaya Bank release said that the rate hike was taken in view of the narrowing liquidity gaps under specific maturity ... More

PEOPLE
New General Manager for SBH
Mr Joseph Philip has assumed charge as General Manager (Planning and Development) of State Bank of Hyderabad (SBH). Prior to the current assignment, he was General Manager (Associate Banks Consolidation) in State Bank of India, according to a ... More