The Hindu Business Line : Friday, April 24, 2009

MONEY & BANKING

FINANCIAL PERFORMANCE: LIC Housing Fin Q4 net up 33% on improved margins, biz growth
Demand for housing improving, pricing reasonable: R.R. Nair. Mumbai, April 23 LIC Housing Finance’s net profit rose 33 per cent to Rs 157.55 crore in the fourth quarter of 2008-09, against Rs 118 crore in the corresponding quarter of ...

TECHNICAL ANALYSIS: Positive bias in rupee
Heightened volatility was witnessed in forex markets over the past few sessions as currencies gyrated on rising and ebbing risk-aversion caused by the slew of corporate earnings and renewed fears regarding the health of banks. Dollar ...

FINANCIAL PERFORMANCE: HDFC Bank Q4 net rises 34%
HDFC Bank’s net profit increased by 34 per cent to Rs 631 crore for the quarter ended March 31, 2009 from Rs 471 crore in the corresponding quarter last year. The rise in profits was on account of substantial growth in fee ...

NON-PERFORMING ASSETS: IBA to come up with norms on compromise settlement of loans
Mumbai, April 23 The Indian Banks’ Association, the apex self-regulatory body for banks in India, plans to come up with dos and don’ts on compromise settlement of loans by assimilating the best practices on the subject from ...

CREDIT RATING: Gross NPAs of banks to triple by 2011: Crisil
Mumbai, April 23 Gross non-performing assets of the banking sector are likely to touch 5 per cent by 2011, from 2.3 per cent in 2008. In absolute terms, the gross NPAs would increase to about three times from the March 2008 level of Rs ...

CREDIT RATING: RBI to review, monitor credit rating agencies
Mumbai, April 23 Reserve Bank of India has decided to review and monitor the performance of credit rating agencies, for continuation of their accreditation. The move is aimed at ensuring greater accountability in the quality of the rating ...

OUTSOURCING: Outsourcing: Banks told to submit compliance certificate
Mumbai, April 23 The Reserve Bank of India, as part of its guidelines on outsourcing of financial services by banks, has directed banks to submit an annual compliance certificate giving the particulars of outsourcing contracts, the ...

FOREIGN BANKS: IMF-World Bank meetings begin today
New Delhi, April 23 Finance Ministers and central bank governors from around the world will come together in Washington on April 24-26 for the spring meetings of the International Monetary Fund (IMF) and World ...

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Markets (April 23)

Nifty (at close)	3423.70(+93.40)
US Dollar (Buy/Sell)	49.92/94
Brent crude (a bbl) Rs	2,488
Gold (a gram) Rs	1,344
Silver (a kg) Rs	21,140

Cross Currency Rates

In Focus
Nano - The People's Car

Mandate 2009

Who is hiring?

More

Other Top Stories
Penny stocks make it the most

Is the worst really over?

Goldman Sachs CEO sees hopeful signs of US recovery

Gem & jewellery exports post 1.45% growth

Nano bookings may near 10-lakh mark

TCS aims to double revenues from home turf

IBA to come up with norms on compromise settlement of loans

Looking back
Apr. 12-Apr. 18
Yields retreat on high liquidity, fall in inflation

Polaris to focus on insurance sector

‘Fear of bad credit has led to some holding back in lending’

Bank stocks outperform benchmark indices

SBI sees 25% growth in credit

Four cos get RBI nod to set up credit bureaus

Financial institutions hike stake in Maytas Infra