The Hindu Business Line : Thursday, October 25, 2007

REGIONAL RURAL BANKS
South Malabar Bank branch
Thiruvananthapuram, Oct. 24 South Malabar Gramin Bank has opened a branch at Nedumangad, which is its third branch in Thiruvananthapuram district, on Wednesday.Presiding over the function, Mr N.S. Bose, Chairman of SMGB, said that the ... More

FOREX
Rupee trims gains
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FINANCIAL PERFORMANCE
Non-interest income buoys Union Bank net
Mumbai, Oct. 24 Union Bank of India has recorded an increase in net profit of 42 per cent at Rs 276 crore for the quarter ended September 30, up from Rs 194 crore in the same quarter last year. The growth came from non-interest income, ... More

NBFCS
Gokulam Chits branch in Vizag
Gokulam Chit and Finance Co (Pvt) Ltd opened its fifth branch in Andhra Pradesh, and 185th in the country, here on Wednesday. At a press meet held on the occasion, Mr G. Baiju, Executive Director, said Gokulam, set up in 1968, was having a ... More

GENERAL INSURANCE
Vijaya Bank to finalise insurance foray by March
Public sector Vijaya Bank hopes to finalise its foray into the insurance sector by the end of this financial year.The Vijaya Bank Chairman and Managing Director, Mr Prakash P. Mallya, said, “We are looking at the non-life sector ... More

PUBLIC SECTOR BANKS
Private banks do well in Q2
PSBs hit by lower net interest income More

Vijaya Bank Foundation Day
Hyderabad, Oct. 24 As part of its Foundation Day celebrations, Vijaya Bank organised a blood donation camp here on Tuesday. The Regional Manager, Mr P. Satish Shetty, inaugurated the camp which was attended by employees of the bank. ... More

GOVT BONDS
Bond prices fall on profit booking
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NON-PERFORMING ASSETS
IBA to enforce fair practice code for debt recovery
Meet today to look into methods followed by agents More

SHORT TERM INSTRUMENTS
Call rates edge lower
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CREDIT CARDS & DEBIT CARDS
SBI ‘Easy’ card payment option
Mumbai, Oct 24 SBI Card announced ‘Paycash’ payment option for its customers through Easy Bill payment outlets in India. This facility will enable SBI Card customers to make direct cash payment for their outstandings at ... More

ALLIANCES & JOINT VENTURES
Future group insurance venture starts operations
Mumbai, Oct 24 Future Generali, a joint venture between the Future Group and the Italian Assicurazioni Generali S.p.A, has formally launched its life and non-life operations in the country.The companies will be called ‘Future Generali ... More

CO-OPERATIVES
‘TN neglecting agriculture, rural development banks’
Coimbatore, Oct. 24 At the call of the Tamil Nadu Co-operative Bank Employees’ Association, employees working in 22 out of 23 District Central Co-operative Banks, Tamil Nadu Co-operative State Agriculture and Rural Development Bank, and ... More

DIVERSIFICATION
Bank of Maharashtra to enter non-life insurance biz
To join hands with Shriram Group, S. African co More