Business Daily from THE HINDU group of publications
Monday, January 19, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, January 19, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING DEBT MARKET: Bonds rally on deluge in deposits; impetus for credit offtake likely High trade volumes on account of large purchases by mutual funds. Bangalore, Jan. 18 Bonds rallied during last week as banks, flush with deposits, bought into ... PUBLIC SECTOR BANKS: SBI to raise tech upgradation spend State Bank of India proposes to step up spending on technology upgradation by around 25 per cent in 2009-10, according to Mr R.P. Sinha, Deputy Managing Director (Information Technology), SBI. “The target for the current fiscal (2008-09) is ... FINANCIAL PERFORMANCE: PNB Gilts net zooms in Q3 PNB Gilts Ltd, a primary dealer in government securities, has reported a record net profit of Rs 140.01 crore in the third quarter ended December 31, 2008. This represents a 603 per cent increase over the net profit of Rs 19.91 crore recorded in ... GENERAL INSURANCE: Fall in exports may hit marine insurance premium growth ‘Collections linked to volumes of goods and pricing’. Mumbai, Jan 18 General insurers expect fresh premium collections from the marine cargo segment to grow at a much lower rate than expected because of a fall in ... FINANCIAL INSTITUTIONS: SIDBI to open extension branches Mangalore, Jan. 18 Small Industries Development Bank of India (SIDBI) will open extension branch offices in some of the industrial clusters in Karnataka, according to Mr Ramesh Dharmaji, General Manager of SIDBI, ... PUBLIC SECTOR BANKS: SBI hopes to cover one lakh villages next fiscal Vijayawada, Jan. 18 The State Bank of India is planning to open 1,000 new branches across the country to cover one lakh villages in the coming financial year, according to the bank Chairman, Mr O.P. ... FOREX: Import cover declines on fall in forex reserves Mumbai, Jan. 18 Import cover of India’s foreign exchange reserves declined to 11.2 months as at end-September 2008 as against 14.4 months as at end-March 2008 in sync with the fall in reserves, the Reserve Bank of India said in ... PRIVATE BANKS: South Indian Bank annual day ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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