MONEY & BANKING
FOREX
Rupee ends a tad lower
The rupee weakened by around four paise on Wednesday on dollar demand from oil companies. The home currency opened at 44.24/26, touched an intra-day high 44.22 to finally close at 44.28/29 against Tuesday's 44.23/24. "The market ...
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FINANCIAL PERFORMANCE
Bank of Baroda posts 63-pc rise in Q3 net
Spurred by higher net interest income, Bank of Baroda has registered 62.8 per cent growth in Q3 net profit at Rs 329.13 crore, against Rs 202.18 crore in the corresponding period of the previous year. "Despite the pressure on margins, we have ...
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IOB posts 25-pc rise in net on higher income
Strong growth in interest and treasury incomes plus a drop in operating costs have helped Indian Overseas Bank post a 25.13 per cent rise in net profit to Rs 246.78 crore in the third quarter ended December 31, 2006, against Rs 197.21 crore in ...
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Corporation Bank in talks to raise debt funds abroad
Posts Rs 146-cr net in Q3; targets Rs 1 lakh cr biz by 2009
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Oriental Bank net rises 27 pc in Q3
Oriental Bank of Commerce (OBC) has reported a net profit of Rs 182.42 for the third quarter of the financial year 2007 up 27 per cent over the corresponding period of the last financial year. OBC's operating profit for the third quarter this ...
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KVB Q3 net rises marginally
Karur Vysya Bank's operating profit for the third quarter rose by 36.9 per cent to Rs 61.51 crore from Rs 44.93 crore during the corresponding period of the earlier fiscal. Its net profit increased marginally to Rs 26.19 crore (Rs 25.86 crore) ...
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Mahindra Finance Q3 net up 59 pc
Mahindra & Mahindra Financial Services Ltd has recorded a 59 per cent rise in net profit to Rs 26 crore in the third quarter ended December 31, 2006 against Rs 16 crore in the corresponding period year-ago. Total sales jumped 45 per cent to Rs .
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Allahabad Bank Q3 net up at Rs 286 cr
Allahabad Bank has posted a profit of Rs 286 crore for the quarter ended December 2006, up from Rs 224 crore recorded in the corresponding period last year. The bank's total business stood at Rs 95,237 crore at the end of the quarter. It ...
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HDFC Q3 net up 25 pc as disbursements increase
Housing Development Finance Corporation's third quarter net profit rose 25 per cent as loan disbursements increased and interest spreads were maintained. Net profit for the quarter rose to Rs 355.5 crore, up from Rs 284.5 crore in the ...
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Centurion Bank net up 44 pc in Q3
Centurion Bank of Punjab in the third quarter has registered a growth of 44 per cent in net profit at Rs 33.5 crore, against Rs 23.3 crore in the corresponding period in the previous year. Net interest income was up 40 per cent at Rs 146.5 ...
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GENERAL INSURANCE
Transport operators call off strike
Private transport operators called off their proposed strike that was to take place from Thursday. The strike had been called by several private transporters' associations and the Joint Council of Bus Syndicate in protest against a steep hike ...
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RBI & OTHER CENTRAL BANKS
Rs 2,134-cr World Bank loan for TN cleared
To increase farm productivity, modernise irrigation
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GOVT BONDS
Bonds shed 7 paise as oil rises
Bond prices have dropped by almost seven paise (yields rose one basis point) as oil prices went up to $55 per barrel. Total traded volumes on the order matching system were at Rs 2,875 crore (Rs 2,620 crore). The 8.07-10 ...
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SHORT TERM INSTRUMENTS
Call rates end at 7.75-7.85 pc
Call rates closed at 7.75-7.85 per cent against Tuesday's close at 7.7-7.9 per cent. In the first one-day reverse repo auction under the liquidity adjustment facility, the RBI accepted two bids for Rs 160 crore and in the repo ...
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FIXED DEPOSITS
ICICI Bank raises deposit rates
Banks introduce new tenor products to lure deposits
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