MONEY & BANKING
FOREX
Rupee ends lower, breaches 40
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FINANCIAL PERFORMANCE
Oriental Bank writes off entire losses of GTB
Net down 39% in fiscal 2008; board declares 47% dividend
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Indian Bank posts strong growth in interest income
Q4 net profit marginally up at Rs 242 cr
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CREDIT RATING
Crisil lowers outlook on 4 Citi-promoted companies
Mmbai, April 23 Crisil has lowered its outlook on the long-term ratings of Citicorp Capital Markets Limited, Citicorp Finance (India) Limited, Citicorp Maruti Finance Limited and CitiFinancial Consumer Finance India Limited to ...
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HUMAN RESOURCES
ICICI Bank may go slow on hiring, promotions
SLOWDOWN FALL-OUT
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RBI & OTHER CENTRAL BANKS
Ministry to take up licensing of local area banks with RBI
New Delhi, April 23 The Finance Minister, Mr P. Chidambaram, has said that the Finance Ministry would soon take up with the Reserve Bank of India (RBI) the issue of resuming licensing of local area banks (LABs). Addressing the members ...
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PUBLIC SECTOR BANKS
SBI says clients’ losses could be above Rs 600 cr in currency derivatives
Mumbai, April 23 The losses suffered by the corporate clients of State Bank of India on account of currency derivatives could range between Rs 600 crore and Rs 700 crore in the just ended fiscal, said Mr O.P. Bhatt, Chairman of SBI. While the ...
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Protest rally by SBT staff
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GOVT BONDS
Bonds fall on profit booking
Bond prices fell by around 10-15 paise on profit booking. Total traded volumes on the order-matching system were at Rs 2,640 crore (Rs 5,200 crore). Dealers said that there was some profit booking seen on the newly auctioned 10-year paper. ...
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CREDIT MARKET
The changing face of film funding
As the business of entertainment gains pace, the Indian film industry has easier access to finance.
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Corporation Bank, IIM-A ink pact
Mangalore, April 23 Corporation Bank and the Indian Institute of Management-Ahmedabad have tied up for providing educational loans to the institute’s students. A bank release said here that as part of the MoU both Corporation Bank and ...
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SHORT TERM INSTRUMENTS
Call rates steady
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CO-OPERATIVES
ICICI Prudential ties up with dist co-op bank
Kochi, April 23 ICICI Prudential AMC has entered into a strategic alliance with Ernakulam District Co-op Bank for distribution of its mutual fund schemes to further strengthen its distribution reach. Ernakulam District Co-op Bank will ...
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