The Hindu Business Line : Tuesday, January 23, 2007

YES Bank net up 73%
YES Bank has recorded a 73 per cent rise in net profit to Rs 25.10 crore in the third quarter ended December 31 against Rs 14.50 crore in the period year-ago. Total income was up 152 per cent to Rs 205.69 crore (Rs 81.74 crore). Total ... More

Kotak Bank records 39-pc rise in net
Growth in net interest income and other income helped Kotak Mahindra Bank to post a 39 per cent rise in net profit to Rs 45.40 crore in the third quarter ended December 31 against Rs 32.64 crore in the period year-ago. "The profit is after ... More

J&K Bank Q3 net up 65.66%
J&K Bank has reported a net profit of Rs 83.89 crore for the quarter ended December 31, 2006. This represents a 65.66 per cent increase over the net profit of Rs 50.64 crore recorded in the same period in the previous year. Total income of ... More

LIFE INSURANCE
Bajaj Allianz Life to infuse Rs 100 cr capital
Bajaj Allianz Life Insurance Co will go in for a Rs 100 crore capital infusion by March 31. The company, which has a relatively low capital base vis-a-vis some of its peers, aims to infuse at least Rs 150 crore every year if it can sustain the ... More

FINANCIAL MARKETS
Accelerate financial reforms to rev up economy
Further financial market reforms are crucial to expanding the sources of credit to maintain the high rates of economic growth, notwithstanding concerns about excessive credit growth, overheating economy and inflationary pressures. More

CREDIT MARKET
Minorities quota: IBA begins debate
The Government's proposal to set aside a portion of total loan disbursement for minority communities has met with mixed reactions from banks. According to reports, the Government has asked the Indian Banks Association (IBA) to examine the ... More

FIXED DEPOSITS
SBH hikes deposit rates
State Bank of Hyderabad (SBH) has revised the interest rates on domestic term deposits with effect from Monday. The new rates are: For deposits below Rs 15 lakh and period of 91 to 179 days, the new interest rates would be 5.75 ... More

IOB hikes deposit rates
Indian Overseas Bank has announced an upward revision of interest rates on term deposits. The bank is offering 8.50 per cent for deposits placed between 12 months and 18 months, 7.25 per cent for deposits for 271 days to less ... More

TRADE & LABOUR UNIONS
Central Bank staff observe strike
Employees of Central Bank of India were on strike on Monday in protest against the management for what they claimed were "unwarranted attacks on employees, officers, trade unions and trade union leaders." According to Mr ... More

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Looking back
Jan. 14-Jan. 20
Federal Bank picks up stake in South Indian, LVB

For private life insurers, break-even is still away

Bond yields harden on liquidity, inflation worries

Rate cap on micro loans unlikely

The return of brick and mortar