MONEY & BANKING
PENSION PLANS
LIC not in govt radar as pension fund manager
IN the topsy-turvy of nascent pension reforms, Life Insurance Corporation of India (LIC) appears to be losing its favoured status in taking the lead in setting up the public sector pension fund manager (PFM). Senior officials of the Ministry of ...
More
FOREX
Rupee stronger; gilts move up
MUMBAI: The rupee ended stronger by around 5 paise at 45.3525/3575 against the dollar on Friday, as compared to Thursday's close at 45.4050. Dealers said the domestic currency was strengthening mainly due to lack of demand for the ...
More
INFORMATION TECHNOLOGY
Maintenance and repair services for ATMs to be taxed
THE Finance Ministry has held that maintenance and repair services for Automated Teller Machines (ATMs) would attract service tax. The Central Board of Excise and Customs (CBEC) has recently given a clarification to this effect, informed ...
More
FINANCIAL PERFORMANCE
Karur Vysya Bank third quarter net rises 10 per cent
KARUR Vysya Bank reported a 10 per cent growth in net profits for the third quarter at Rs 44.54 crore compared to Rs 40.21 crore for the corresponding period in the previous fiscal. The marginal growth in profits was possible because of a write ...
More
Canara Bank Q3 net rises to Rs 373 cr
CANARA Bank has reported an operating profit of Rs 685.38 crore for the third quarter this year, down from Rs 998.43 crore from the previous quarter of the same period (Q2). Despite this reduction, the bank has reported a net profit of Rs ...
More
Despite big provisioning, SIB net rises 19 pc
THE net profit of the Thrissur-based South Indian Bank rose by 18.5 per cent to touch Rs 64.8 crore (Rs 54.7 crore) during the first nine months of the current fiscal. It is significant that the net profit has been arrived at after making a ...
More
SBM 9-month net up 107 per cent
STATE Bank of Mysore has recorded a nine-month net profit of Rs 138.77 crore, up from Rs 66.89 crore in Dec 2002, a growth of 107 per cent; operating profit went up to Rs 301.02 crore, up from Rs 208.73 crore, a 44.22-per cent rise, according to ...
More
SBT 9-month profit up 70 pc
STATE Bank of Travancore (SBT) has posted 70 per cent increase in net profit during the nine-month period ended December 31, 2003, over the same period the previous year. While the operating profit rose by 71 per cent to Rs 548.76 crore during ...
More
Bank of Rajasthan Q3 net up 67 pc
BANK of Rajasthan has recorded a 66.93 per cent rise in net for the third quarter ended December 2003 at Rs 30.65 crore compared to Rs 18.36 crore in the corresponding previous period. Total income grew to Rs 178.67 crore (Rs 152.53 crore). ...
More
RBI & OTHER CENTRAL BANKS
RBI move to boost retail biz of PDs
THE Reserve Bank of India has said that non-competitive bids by primary dealers will be taken into account for the fulfilment of their bidding commitments and success ratio. In a circular to all PDs, the apex bank has said the move is aimed at ...
More
PUBLIC SECTOR BANKS
New RBI nominee on Andhra Bank board
CO-OPERATIVES
Deccan Bank deposits rise
HYDERABAD: Deccan Co-operative Urban Bank Ltd (Deccan Bank) has recorded a 138 per cent growth in deposits up from Rs 148.27 lakh to Rs 350.81 lakh in the last six months. Similarly, its loans and advances grew from Rs 129.89 lakh to Rs ...
More
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds