Financial Daily from THE HINDU group of publications
Thursday, November 17, 2005
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Financial Daily from THE HINDU group of publications Thursday, November 17, 2005 |
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MONEY & BANKING INVESTMENT BANKING 
UTI Bank `top arranger' in H1FOR arrangers, the debt placement sweepstakes are changing rapidly. UTI Bank, followed by I-Sec and AK Capital, now leads the rankings chart, which has lately seen pronounced ups and downs. The league tables released by Prime Database have put ... More FINANCIAL SERVICES Financial services offshoring moves up the value chain FINANCIAL services offshoring to India is moving up the value chain, with global financial firms increasingly transferring specialised functions such as share transfer registry work, superannuation fund accounting and trust administration ... More FOREX Rupee tad lower; bond prices down MUMBAI: The rupee fell marginally against the US dollar on Wednesday to close at 45.77/78, about three paise lower than Monday's level of 45.73. The rupee had opened at 45.78/80 and traded in the range of 45.74-45.84, said dealers. ... More FINANCIAL PERFORMANCE 
South Indian Bank H1 net at Rs 14 crSOUTH Indian Bank has posted a net profit of Rs 13.94 crore (loss of Rs 13.12 crore) for the first half of the current year. Net profit for the second quarter touched Rs 8.63 crore. Emphasising that the bank had posted impressive growth on all ... More HOUSING FINANCE Banks pare home loan exposure TAKING a cue from the RBI's repeated cautions, public and private sector banks have started containing exposures to housing loan assets. This has been resorted to for restricting the build-up of non-performing assets in their balance sheets. ... More LIFE INSURANCE 
SBI Life targets Rs 200-500 cr of IMD redemptionSBI Life Insurance aims at tapping around Rs 200-500 crore from the redemption of Indian Millenium Deposits, due next month. It hoped to rake in this amount especially through its recently launched insurance policy "Dhana Vridhi", said Mr S. ... More PUBLIC SECTOR BANKS Chidambaram may discuss capital raising at bankers' meet THE issue of raising additional capital for banks is expected to come up at the meeting the Finance Minister, Mr P. Chidambaram, will have with the chairmen of banks in New Delhi on November 18. According to a senior bank official, issues such ... More NON-PERFORMING ASSETS GTB defaulters keen to negotiate settlement: OBC chief Oriental Bank of Commerce has filed FIRs with the CBI against 29 cases involving 50 borrowal accounts, totalling NPAs worth more than Rs 1,300 crore. More SHORT TERM INSTRUMENTS T-bill auctions fully subscribed THE auctions of the 91-day and 182-day Treasury Bills were fully subscribed, according to a press release from the Reserve Bank of India. The notified amount for both T-Bills was Rs 500 crore. For the 91-day T-Bill, the RBI received 50 ... More MERGERS & ACQUISITIONS Left not softening stand on merger of PSU banks THE resolve of the Left parties to oppose the merger of PSU banks does not appear to have diminished despite the upping of the sales pitch by the Finance Minister, Mr P. Chidambaram, in recent days. In an indication that the Government could be ... More INTERVIEW 
`Public issue by January likely'THE Chairman and CEO of South Indian Bank, Mr V.A. Joseph, says that the bank's NPA has come down to 3.09 per cent from 4.61 per cent. The bank hopes to hit the market by January with a public offer. The following are the excerpts from CNBC ... More PUBLIC OFFER 
Union Bank gets nod for public issueTHE Union Bank of India said it has received approval from the Government for its second public issue. The public issue of 4.5 crore equity shares will be through a book-building process, said a press release. Post issue, the Government stake ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Focus FDI in retail sector Indian Aviation: Sky is the limit India Inc's bonus bonanza Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Nov. 6-Nov. 12 Insurers keen on high coupons only Differences over valuation — Federal Bank, Lord Krishna call off merger plan India, Pakistan agree to open bank branches Exporters revert to dollar invoices as euro weakens Centre allows 49 pc FDI in ARCs — To help clean up bad assets in banks Fall in currency assets pulls down forex reserves by $1 b |
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