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FARM CREDIT
Will bank claims get priority over cane dues?
Recovery certificates issued to sugar mills in Uttar Pradesh More

PREFERENTIAL ALLOTMENTS
Banks allowed pref share issue
Banks, facing pressure on their capital due to the increasing demand for credit, may soon have another set of instruments to raise funds. The Reserve Bank of India has allowed them to raise Tier I and upper Tier II capital through preference ... More

FINANCIAL SERVICES
Ease curbs on financial sector: Paulson
Mumbai, Oct 29 ‘Administrative restrictions’ on capital flows can have unintended consequences, cautioned the US Treasury Secretary, Mr Henry Paulson Jr. India should liberalise such restrictions and broaden and deepen the ... More

FOREX
Rupee closes a tad higher
More

FINANCIAL PERFORMANCE
HDFC spreads seen improving
Net up 76% on Intelenet sale More

J&K Bank Q2 net up 30% on higher volumes
New Delhi, Oct 29 J&K Bank has reported a 29.95 per cent increase in net profit for the second quarter ended September 30 at Rs 107.80 crore as compared to net profit of Rs 82.95 crore recorded in the same quarter last year.Net ... More

Cost of deposits pulls down Oriental Bank net profit
New Delhi, Oct. 29 Oriental Bank of Commerce (OBC) has reported a 29.86 per cent decline in net profit for the quarter ended September 30, 2007 at Rs 175 crore compared with Rs 249.51 crore recorded in the same quarter last ... More

Bank of India’s net doubles on all round growth
Mumbai, Oct. 29 Bank of India’s net profit has surged by 100 per cent for the quarter ended September 30, to Rs 425 crore from Rs 212 crore in the same quarter last year. The growth was due to a rise in interest income and robust growth ... More

PUBLIC SECTOR BANKS
SBI to retail gold coins
The Kerala Circle of State Bank of India is launching a scheme for retail of gold coins through selected branches in the State. The scheme will commence from November 1. The scheme intends to broaden the range of services and to extend best ... More

Canara Bank opens branch
The Speaker of the State Assembly, Mr K. Radhakrishnan, on Monday, opened the Thirumala branch of Canara Bank in the city-suburb. Mr P. Mohanan, General Manager of the Kerala Circle of the bank, who presided over the function, said that more ... More

INTEREST RATES
Rates have softened a bit: RBI
More

GOVT BONDS
Bond market remains steady
The bond market was steady ahead of the Credit Policy. A dealer with a public sector bank said there was no movement as traders are waiting for the RBI announcement. One section of the market expects a hike in CRR, as a pre-emptive measure for ... More

CRR & BANK RATES
Slowdown in credit offtake is major concern
CRR hike will push up rates, say bankers More

RBI & Fed: CRR hike, 25 bps cut in prospect
More

NON-PERFORMING ASSETS
PNB net profit rises 7%; to focus on NPA recovery
New Delhi, Oct. 29 Higher pressure on margins notwithstanding, Punjab National Bank (PNB) has reported a 6.63 per cent increase in net profit for the quarter ended September 30, 2007 at Rs 538.48 crore as compared to net profit of Rs 504.99 ... More

CREDIT MARKET
Bank bid to rid Kerala villages of moneylenders
Thiruvananthapuram, Oct. 29 After crossing the milestone of total financial inclusion, Kerala is on way to realising another emerging banking concept, ‘moneylender-free’ villages.The initiative for freeing villages in the ... More

SHORT TERM INSTRUMENTS
Call rates tad higher
More

MERGERS & ACQUISITIONS
IOB plans to buy small branch
Mumbai, Oct. 29 Indian Overseas Bank plans to acquire a small bank of branch strength of about 25-30 by March 08. “We are waiting for approvals from the Reserve Bank of India,” said Mr S. A. Bhat, its Chairman and Managing ... More

EVENTS
‘Service sector is like protein to the body’
Service sector is like protein to the body. As a major contributor to the economy, it has helped lift the other sectors such as agriculture and industry, said Mr N.R. Harihara Krishnan, Assistant General Manager-Commercial, State Bank of ... More

SOCIETY & DEVELOPMENT
‘Helping Hands’ mela by HSBC
The annual Helping Hands “mela”, 2007, was inaugurated at the HSBC Bank here on Monday. The expo, inaugurated by a customer, would be open till November 3. A wide range of garments and other products made by the children of the ... More

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