Business Daily from THE HINDU group of publications
Thursday, May 14, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, May 14, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING GOVT BONDS: G-Sec trading volumes dip over political uncertainty Mumbai, May 13 Uncertainty surrounding Government formation appears to have taken a toll on the Government securities market with traded volumes shrinking by almost 60 per cent between the first phase of polling on April 16 and the fifth ... PUBLIC SECTOR BANKS: PSBs outpace private banks in profit growth ICICI Bank’s performance weighs on private players’ numbers. BL Research Bureau Public sector banks (PSBs) have delivered better profit growth than private sector banks for the fiscal year ended March ... FOREX: Rupee falls by 38 paise vs dollar The rupee fell by around 38 paise against the dollar on Wednesday tracking the domestic equity indices and as investors bought dollars ahead of the election results to cover their positions. The rupee opened stronger at 49.25 and strengthened ... FINANCIAL SERVICES: Merchant banking licence for LSI Fin LSI Financial Services (P) Ltd, a Kolkata-based financial intermediary, has obtained SEBI approval for merchant banking activity. LSI has been an arranger for long-term and short-term debts and working capital for SMEs. It has organised funding ... GOVT BONDS: Bonds close higher Bond prices closed higher on strong bargain hunting as the current levels are attractive to buyers and on hopes that the low yields will bring in more investors, said dealers. “Bond yields have fallen because the sentiment now is that ... SHORT TERM INSTRUMENTS: Call rate ends stable The inter-bank call rate ended at 3.20-3.25 per cent, against the previous close of 3.20-3.30 per cent. Under the liquidity adjustment facility (LAF), there were no bids in the repo auction. In the reverse repo auction, the Reserve Bank of ... NON-PERFORMING ASSETS: Allahabad Bank to raise Rs 1,000 cr this fiscal Posts 56% rise in net profit in Q4. Kolkata, May 13 Allahabad Bank plans to raise about Rs 1,000 crore in 2009-2010 once the interest rates turn conducive, said its Chairman and Managing Director, Mr K.R. ... INTEREST RATES: Banks asked to bring down lending rates further There is considerable scope, says Subbarao. Bangalore, May 13 The Reserve Bank of India has asked banks to further bring down lending rates in response to the ... FINANCIAL PERFORMANCE: Shriram Transport Finance Q4 net up 37% Shriram Transport Finance Company has reported net profit of Rs 154 crore for the fourth quarter of 2008-09, which is 37 per cent higher than in the comparable quarter of last year (Rs ... GENERAL INSURANCE: TPAs: Panel calls for setting up health council Chennai, May 13 A committee set up by the Insurance Regulatory and Development Authority (IRDA) to look into the functioning of third party administrators has suggested that a health council be set ... ALLIANCES & JOINT VENTURES: Oriental Insurance bullish on tie-up with Punjab National Bank New Delhi, May 13 Oriental Insurance Co is expecting a business of Rs 200 crore this fiscal through its tie-up with Punjab National Bank. The agreement is to sell its non-life insurance ... INVESTMENTS: LIC hikes stake in Union Bank Mumbai, May 13 Life Insurance Corporation of India has increased its stake in Union Bank of India by 2.03 per cent over the past four months, a disclosure by the bank to the stock exchanges ... INTEREST RATES: SBI cuts deposit rates by 25-50 bps Mumbai, May 13 State Bank of India has cut deposit rates by 25- 50 basis points in some maturities with effect from May 18 (see ... FINANCIAL PERFORMANCE: AP Grameena Vikas Bank’s PBT grows 91% Hyderabad, May 13 The Andhra Pradesh Grameena Vikas Bank (APGVB) has recorded a profit before tax (PBT) of Rs 103 crore for the year 2008-09 against Rs 54 crore in the previous year, registering a growth of 91 per cent. A regional rural ... LIFE INSURANCE: Correction With reference to the news report ‘IRDA concerned over rise in orphan policies’ that appeared in these columns on May 12, Aviva Life Insurance has clarified that it had registered a lapse ratio of 80 per cent in 2007-08 only ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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