The Hindu Business Line : Saturday, January 14, 2006

Forex reserves rise by over $2 b
FOREIGN exchange reserves surged over $2 billion during the week-ended January 6, due to currency revaluation and FII inflows. This is after a sharp decline of over $6 billion due to India Millennium Deposits redemption, in the earlier ... More

Call rates surge; rupee weakens
MUMBAI: The call rates soared to 8.25 per cent during the day on account of tight liquidity in the system on Friday. Banks also borrowed Rs 33,000 crore from the Reserve Bank of India through the repo window. Dealers said the ... More

FINANCIAL PERFORMANCE

Higher advances lift UTI Bank Q3 net 30 pc
UTI Bank has recorded a net profit of Rs 131.71 crore for the quarter ended December 31, 2005, up 30.21 per cent from Rs 101.15 crore in the year-ago period. Higher advances and a robust growth in fee and other income contributed to the rise in ... More

RBI & OTHER CENTRAL BANKS

RBI seeks details from banks involved in IPO irregularities
THE Reserve Bank of India has asked for explanations from all banks involved in IPO irregularities and will take action on the basis of their responses. In a press release issued on Friday, the RBI said it has taken up detailed investigation ... More

PRIVATE BANKS

Vaughn Richtor is ING Vysya Bank CEO
ING Vysya Bank has appointed Mr Vaughn Richtor as Chief Executive and Managing Director for a three-year term effective from February this year. Mr Richtor succeeds Mr Bart Hellemans, who has moved back to ING group, a bank release said. Mr ... More

PUBLIC SECTOR BANKS

Follow-on public issue
BoB price band at Rs 210-230, Andhra Bank's Rs 82-90
BANK of Baroda (BoB) and Andhra Bank, whose issues are opening on January 16, have announced the price bands. Both the follow-on issues will close on January 20. BoB has fixed the price band between Rs 210 and Rs 230 for its public issue of ... More

Corporation Bank tops growth target for Dec
CORPORATION Bank's total business stood at Rs 51,691 crore as on December 31, above the target of Rs 49,800 crore for December. Quoting Mr V.K. Chopra, Chairman and Managing Director of the bank, a press release said here on Friday that the ... More

CREDIT MARKET

Bank credit up Rs 46,622 cr
GROSS bank credit increased by Rs 46,622 crore for the fortnight ended December 30, 2005 to Rs 13,52,482 crore, according to RBI's Weekly Statistical Supplement. This is inclusive of food credit, which decreased by Rs 535 crore to Rs 41,920 ... More

REGULATORY BODIES & RULINGS

Business figures as annualised premium — IRDA mulls switchover to global reporting system
THE Insurance Regulatory and Development Authority (IRDA) may introduce international reporting system for insurance companies. A senior IRDA official said the regulator would consider having insurance companies furnish their business figures ... More

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