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MONEY & BANKING
OUTLOOK:
Rupee nearly breaches 46
Mumbai, Oct. 14 The rupee gained 35 paise against the dollar on Wednesday and came very close to breaching the 46 level, on the back of sustained FII ...
FINANCIAL PERFORMANCE:
HDFC Bank net grows 30% on ‘other income’
Credit growth likely to be 17-18% this fiscal. Mumbai, Oct. 14 HDFC Bank’s net profit grew by 30 per cent to Rs 687 crore in the second quarter ended September 30, 2009, against Rs 528 crore in the same period last ...
FINANCIAL PERFORMANCE:
IndusInd Bank net up 131% on strong overall show
Mumbai, Oct. 14 IndusInd Bank reported a 131 per cent rise in net profit to Rs 78 crore in the second quarter of this fiscal, against Rs 34 crore in the corresponding ...
CREDIT MARKET:
Central Bank’s retail gold scheme
The Central Bank of India expects incremental credit growth of 9.1 per cent for the second quarter of the current fiscal. “Our loan book will be at Rs 92,000 crore as of September 30,” said Mr S. Sridhar, Chairman of Central Bank ...
SHORT TERM INSTRUMENTS:
Call rate ends marginally lower
The inter-bank call rate ended marginally lower at 3.25-3.30 per cent, against the previous close of 3.30-3.35 per cent. Under the liquidity adjustment facility conducted by the Reserve Bank of India, there were no bids in the one-day repo ...
PERFORMANCE:
24% growth in Q1 bank deposits
Rs 491-cr increase in credit flow of banks in Thiruvananthapuram dist. Thiruvananthapuram, Oct.14 Deposits with banks in Thiruvananthapuram district have grown 23.80 per cent year-on-year during the first quarter of 2009-10 while advances ...
FINANCIAL SERVICES:
India Post mulls foray into micro finance
Chennai, Oct. 14 The Department of Posts is mulling entry into micro finance. The idea is being discussed internally and is seen as being both profitable and aiding inclusive growth, according to Mr M.S. Ramanujan, Post-Master General, ...
GENERAL INSURANCE:
Star Health plans to invest Rs 180 cr
Star Health and Allied Insurance expects to invest Rs 180 crore during the current financial year to grow its health insurance ...
PUBLIC SECTOR BANKS:
PNB prepaid gift cards to be out soon
Expecting to cash in on the gifting spree this festival season, Punjab National Bank (PNB) has said it is planning to launch a prepaid gift card ...
AGRICULTURAL INSTITUTIONS:
Nabard scheme for biz correspondents
Kolkata, Oct.14 The National Bank for Agriculture and Rural Development, in association with the Indian Institute of Banking & Finance (IIBF), Mumbai, plans to introduce a scheme to support the capacity building needs of ...
SHORT TERM INSTRUMENTS:
Call rate ends marginally lower
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PRIVATE BANKS:
ING Vysya Bank opens ATM
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