Business Daily from THE HINDU group of publications
Wednesday, July 22, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, July 22, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING CONSUMER FINANCE: Customers now drive to public sector banks for vehicle loans Competitive interest rate, ease of operations key factors. Kolkata, July 21 Mr Sanjay Mukherjee, a government employee based in Kolkata, got his four-wheeler loan sanctioned in a couple of hours by United Bank of India and that too at a more ... INTEREST RATES: Interest rates: The ‘unimportance’ of inflation The Government has announced its borrowing programme for the first half of the current financial year, frontloading the market resource-raising exercise. Early days yet, but there has been no strong adverse reaction in ... TECHNICAL ANALYSIS: Rupee faces resistance at 48 The rupee reversed from the low of 49.4 against the dollar to appreciate towards 48. This rally was aided by unrelenting strength in equity markets that made Sensex gain 13 per cent in just five sessions. Other global equity markets ... FINANCIAL SERVICES: Reliance Cap plans stake sale in life insurance arm Eyes private equity, investment banking biz. Mumbai, July 21 Reliance Capital is considering a stake sale or an IPO in its life insurance business, and may also enter private equity and investment ... GOVT BONDS: Marginal rise in bond prices Bond prices were up marginally on Tuesday amidst thin trading volumes. The prices rose in the first half of trade after US treasury yields fell, said a dealer with a private bank. However, profit booking by investors pulled the prices down, ... SHORT TERM INSTRUMENTS: Call rate ends at 3.25-3.30% The inter-bank call rate ended at 3.25-3.30 per cent, against the previous close of 3.20-3.30 per cent. Under the Liquidity Adjustment Facility (LAF) conducted by the Reserve Bank of India, there were no bids in the one-day repo auction. In ... FINANCIAL PERFORMANCE: YES Bank net surges 85% on income growth Mumbai, July 21 Private sector bank YES Bank’s net profit increased by 85 per cent to Rs 100 crore for the quarter ended June 30, from Rs 54 crore in the corresponding period last year. The rise in profits was on account of strong ... PUBLIC SECTOR BANKS: BoB expands in TN region Coimbatore, July 21 Four branches of Bank of Baroda at Peelamedu in Coimbatore, Villupuram, Sivakasi and Pudukottai in the Tamil Nadu region were operationalised simultaneously coinciding with the 102nd Foundation Day of ... FINANCIAL PERFORMANCE: Oriental Bank Q1 profits rise 16.7% New Delhi, July 21 Oriental Bank of Commerce has reported a 16.73 per cent rise in net profit for the first quarter of the current fiscal at Rs 257.41 crore against Rs 220.52 crore in the same period of the ... TRADE & LABOUR UNIONS: Bank officers want pay offer improved Mangalore, July 21 The All-India Bank Officers’ Confederation (AIBOC) has said that the Indian Banks’ Association should improve its offer on salary revision and should call the unions for a ... FINANCIAL PERFORMANCE: ING Vysya Bank advances up 12% in Q1 Bangalore, July 21 Private sector ING Vysya Bank has reported a 48-per cent rise in net profit at Rs 60.3 crore in the first quarter of the current fiscal over the corresponding period in the previous ... PRIVATE BANKS: LVB offers mobile banking Coimbatore, July 21 Lakshmi Vilas Bank has tied up with PayMate for mobile ... FOREX: Rupee range-bound as dollar strengthens Mumbai, July 21 The rupee weakened against the dollar on Tuesday and traded in a narrow range as the greenback gained overseas. The rupee was also tracking the domestic stock market which was volatile, said ... FINANCIAL PERFORMANCE: LIC Housing June quarter profit up 18% Mumbai, July 21 LIC Housing Finance reported an 18 per cent growth in net profit at Rs 124 crore in the first quarter of this fiscal, against Rs 105 crore in the corresponding quarter ... OUTLOOK: Kerala mulls FI based on Islamic banking norms for Gulf returnees Thiruvananthapuram, July 21 The State Government is examining the possibility of setting up a special financial institution based on Islamic banking principles to provide entrepreneurial loans to people returning to Kerala from the West ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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