The Hindu Business Line : Sunday, October 26, 2008

MONEY & BANKING

CORPORATE BONDS: How these structured products work
Structured products in India are different from the complex securitised debt that has been the centre of the financial crisis in the global markets. They are a relatively new category of investment options here. They are available in the form ...

FINANCIAL PERFORMANCE: Union Bank Q2 net rises by 31 %
Mumbai, Oct. 25 Union Bank of India’s net profit surged by 31.16 per cent to Rs 362 crore for the quarter ended September 30, aided by a 49 per cent increase in its net interest ...

INTEREST RATES: Scope for further rate cuts
The mid-term review of Monetary Policy for 2008-09 comes at a time when liquidity in the system continues to be tight, growth is slowing and inflation looks less threatening than what it was some time ...

FINANCIAL PERFORMANCE: Bank of Baroda up 21% on healthy credit growth
Mumbai, Oct. 25 Bank of Baroda’s net profit increased by 21 per cent to touch Rs 395 crore for the quarter ended September 30, 2008 against Rs 327 crore in the same quarter last year on healthy credit growth. The growth in profits is ...

FINANCIAL PERFORMANCE: Fee-based income boosts Corporation Bank profit
Mangalore, Oct. 25 The growth in fee-based income has helped Corporation Bank to register a growth of 18.67 per cent in net profit during the second quarter of the current financial ...

FINANCIAL PERFORMANCE: SBBJ Q2 net zooms 88%
New Delhi, Oct. 25 State Bank of Bikaner and Jaipur (SBBJ) has reported a net profit of Rs 114.06 crore during the second quarter ended September 30, 2008. This represented an 87.8 per cent increase over the net profit of Rs 60.74 crore ...

FINANCIAL PERFORMANCE: Karnataka Bank Q2 net up 22%
Mangalore, Oct. 25 Karnataka Bank Ltd has recorded a net profit of Rs 73.60 crore in the second quarter of 2008-09 against Rs 60.14 crore in the corresponding period of the previous fiscal, recording a growth of 22.38 per ...

INTEREST RATES: Allahabad Bank increases deposit rates
Kolkata, Oct. 25 Allahabad Bank has increased rates of interest on term deposits of specific maturities as a part of its ‘Festival Bonanza’ scheme. According to a press statement by the bank here on Saturday, the interest rates ...

FIXED DEPOSITS: Change in SBI rates unlikely now
Hyderabad, Oct. 25 State Bank of India is unlikely to cut interest rates immediately while it sees no reason to increase the rates as done by some private banks, according to Mr O.P. Bhatt, ...

CORPORATE BONDS: Structured finance for dummies
Structured finance has been at the leading edge of financial innovation; and of recent financial disasters. At the heart of the transaction is an idea called “securitisation”. Let’s take an example to understand ...

GOVT BONDS: Take interest in debt too
Besides depreciation (discussed in this page in the edition dated August 31) another figure that you should keep track of in a company’s financial statements is the interest ...