The Hindu Business Line : Thursday, January 31, 2008

FINANCIAL PERFORMANCE
Karnataka Bank net rises 28% at Rs 69 cr
Mangalore, Jan.30 Karnataka Bank Ltd registered a net profit of Rs 69.03 crore during the third quarter of the current financial year as against Rs 53.88 crore during the corresponding period of the previous year, recording a growth of 28.12 ... More

ASSET MANAGEMENT COMPANIES
StanChart to sell its AMC soon; launches mobile banking
Mumbai, Jan. 30 Standard Chartered Bank is looking to close the deal of the sale of its asset management company very soon, said Mr Neeraj Swaroop, Regional Chief Executive, India and South Asia, Standard Chartered Bank.“We plan ... More

INTEREST RATES
Bankers see some movement in interest rates in near term
Mumbai, Jan 30 Mr Neeraj Swaroop - Regional Chief Executive, India & South Asia, Standard Chartered Bank“The Reserve Bank of India has kept policy rates unchanged which is in line with our expectations. The ... More

OUTLOOK
Firstsource net falls 31% on US crisis
Mumbai, Jan. 30 Rising loan defaults in the US coupled with certain payments to be made relating to the recent MedAssist acquisition caused the city based pure play BPO vendor Firstsource Solutions to register a 31.7 per cent fall in ... More

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