MONEY & BANKING
FINANCIAL SERVICES
CIBIL flags off operations for retail credit information
THE Credit Information Bureau (India) Ltd has finally been launched for banks, FIs and other financiers to share retail and commercial customer information. The bureau, the first of its kind in India, will provide both positive and negative ...
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FOREX
Rupee, gilts rebound
MUMBAI: The rupee on Wednesday closed 10 paise higher at 44.70 against the dollar. On Monday, the currency had ended the day at 44.81/84. The rupee opened the day at 44.59/61 and touched an intra-day high of 44.41 with good dollar ...
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FINANCIAL PERFORMANCE
UCO Bank net profit doubles to Rs 435 cr
UCO Bank's net profit in 2003-04 jumped by 110 per cent to Rs 435.41 crore (Rs 207.49 crore in 2002-03) and the operating profit by 52 per cent to Rs 948.4 crore (Rs 624.04 crore). The provisions at Rs 513 crore (Rs 417 crore) increased by more ...
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Union Bank Q4 net rises 17%; to pay 15 pc final
UNION Bank of India has recorded a 17.05 per cent growth in net profit for the fourth quarter ended March 31, 2004 at Rs 236.26 crore, against a net profit of Rs 201.84 crore in the same period, the previous year. The bank has declared a final ...
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SBT annual net up 43 pc; to pay 75 pc
STATE Bank of Travancore (SBT) has recorded 43 per cent increase in net profit for 2003-04. The net profit was at Rs 245 crore as against Rs 171 crore in the previous year. Besides, the bank's total business reached Rs 30,000 crore during the ...
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PUBLIC SECTOR BANKS
BoB to enter stock broking, float subsidiary
BANK of Baroda (BoB) plans to enter the stock broking business by floating a subsidiary, which will be hived off into a joint venture with an ally. It has initiated discussions with a few parties in its bid to identify the most suitable ...
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Union Bank of India to invest in MCX
THE Union Bank of India has invested in equity shares of Multi Commodity Exchange of India Ltd (MCX), a subsidiary of Financial Technologies India Ltd (FTIL). According to a company notification issued to the exchange, UBI would join FTIL as a ...
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UCO Bank mulls border trade with China
UCO Bank, through its branches in Sikkim, mulls participating in exchange operations for India's border trade with China. "We already have two branches in Sikkim and the Union Government has asked us to examine the scope of setting up another ...
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NON-PERFORMING ASSETS
Who will have the last laugh?
S. Murlidharan comments on the Mardia verdict.
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Steps to cut NPAs
CREDIT CARDS & DEBIT CARDS
`Negative list' for credit card defaulters
A "NEGATIVE list" of 6.5 lakh credit card defaulters has been identified by the India Co-operation Committee (ICC) spearheaded by MasterCard. "The negative list, an arrangement between major credit card issuing banks under the aegis of ICC, is ...
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Cross Currency Rates
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