The Hindu Business Line : Tuesday, January 15, 2008

FINANCIAL PERFORMANCE
SBT’s 9-month net rises 28%
Thiruvananthapuram, Jan. 14 State Bank of Travancore (SBT) registered a 27.49 per cent rise in net profit during the first nine months of the current fiscal. For the nine months ended December 2007, the net profit was Rs 236.91 crore as ... More

LIFE INSURANCE
IDBI insurance venture to take off by Feb
Two insurance products of the life insurance company promoted by IDBI Bank are likely to be launched by end of this month, said Mr Yogesh Agarwal, Chairman and Managing Director, IDBI. The bank is promoting the insurance company jointly with ... More

PRIVATE BANKS
Pact on phone bill payment
Karnataka Bank Ltd has signed an agreement with Dakshina Kannada telecom district under which 54 branches of the bank in Dakshina Kannada and Udupi districts will accept payments of telephone bills issued by Dakshina Kannada Telecom. A bank ... More

INTEREST RATES
Rate reduction: Vijaya Bank looks to RBI signals
Mangalore, Jan.14 Vijaya Bank will wait for the quarterly monetary policy review of the Reserve Bank of India (RBI), which is scheduled for the month-end, before taking a decision on the revision of interest rates. This comes close on the ... More

US rate cuts: RBI will not follow suit now
Both stocks and bonds rallied — the former on both domestic and foreign buying ahead of the big IPOs (Reliance Power leads the pack) and the latter on bearish US data and the Fed chairman, Mr Ben Bernanke, saying the Fed will go the ... More

GOVT BONDS
Bond prices volatile
Bond prices were highly volatile and witnessed a two-way movement on Monday. The yields fell by two basis points. “The market was volatile as traders were booking profits, while some were building positions in anticipation of a rate cut by ... More

CORPORATE BONDS
PNB plans perpetual bond issue
Punjab National Bank (PNB) plans to raise Rs 300 crore through tier-I perpetual bonds on private placement basis this week, taking the overall amount mobilised in the current fiscal through this route to Rs 1,100 crore.The bank had ... More

SHORT TERM INSTRUMENTS
Call rates unchanged
More

CUSTOMER RELATIONSHIP MANAGEMENT
Customer service: RBI wants 4-tier system
Considerable scope for improvement, says Leeladhar More

RIGHTS ISSUE
SBI prices rights issue at a discount of 35% at Rs 1,590
1 share for every 5 held; issue to raise Rs 16,736.31 cr More

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Cross Currency Rates

People's car

P-Note blues

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

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PM for more ambitious trade targets for India, China

PNB plans perpetual bond issue

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Looking back
Jan. 6-Jan. 12
Yields soften on fund inflows, low credit off-take

PSB chiefs confident of meeting profit target

IRDA asks insurers to promote term policies

Central banks succeed in easing liquidity

‘Banks have to balance biz growth, tech changes’

Reinsurance treaty terms likely to be tougher

Nasscom, ICICI Bank float closed-ended fund