MONEY & BANKING
INVESTMENT BANKING
RPG Retail: Enam, SSKI, UTI in the fray to lead manage IPO
RPG Retail, which reportedly plans an initial public offer of Rs 100 crore in the first quarter of the next financial year, has three merchant bankers in the fray to secure the mandate for its IPO: Enam Financial Consultants, SSKI and UTI ...
More
AWARDS & HONOURS
Outstanding Manager award
MANGALORE: The Mangalore Management Association presented the `Outstanding Manager Award 2004' to Mr Anantakrishna, Chairman and Chief Executive Officer of Karnataka Bank Ltd, in Mangalore on Wednesday evening. Replying to the ...
More
INSIGHT
Why dollar is in the doldrums
While a major withdrawal from the US market has not taken place so far, there is a limit to the investment by foreign banks because of the ever-increasing risk of over-exposure to a fall in the dollar.
More
FOREX
Rupee sheds 36 paise; gilts range-bound
MUMBAI: The rupee eroded gains for the second consecutive session as it ended at 44.07/08 against the dollar, 36 paise weaker than Tuesday's close at 43.71/73. Recovery of the US currency globally in addition to corporate demand for ...
More
LIFE INSURANCE
Birla Sun Life to hike capital
BIRLA Sun Life Insurance plans to infuse another Rs 50-60 crore capital by February next year. The company's existing paid up capital stands at Rs 350 crore. "The fresh infusion of about Rs 50-60 crore could take place around February 2005, ...
More
PRIVATE BANKS
HDFC Bank hikes deposit, lending rates
HDFC Bank has raised deposit rates by 25 basis points to 50 basis points across different tenors. The new rates will be effective from December 10. The bank has also introduced a new maturity bucket of 5 to 8 years in its domestic term ...
More
Prudential Bank staff ready to revive bank
"The bank has repaid deposits to the tune of Rs 66 crore and currently has Rs 105 crore in cash."
More
SIB in new premises
KOCHI: The renovated premises of South Indian Bank's Ernakulam regional office, which accounts for more than Rs 1,300 crore business, has been inaugurated on Wednesday. The Bank's Directors, Mr Babu Alappat, Mr A.S. Narayan Moorthy and ...
More
GOVT BONDS
Buying interest in long-term papers
Analysts say that there have been substantial shifts in the holdings of most traders from short tenor papers to securities with long-term maturities.
More
RBI `on-tap' sale closed for 19 states
THE Reserve Bank of India on Wednesday said the Rs 4,000-crore `on-tap' sale of 7.32 per cent 10-year State Development Loan, 2014, closed in nineteen States. The States, which received target amounts on Wednesday, are Andhra Pradesh, Arunachal ...
More
TRADE & LABOUR UNIONS
Merger proposals alarm bank union
INTERNAL mergers of public sector banks do not automatically add to strength beyond the total capital and reserve base of the merging entities, according to a resolution passed by the 12th conference of the ongoing Canara Bank Staff Union here. ...
More
CO-OPERATIVES
RBI cancels Prudential Bank's licence; liquidator takes over
EVEN as over 1.84 lakh depositors of Prudential Bank were awaiting repayment of over Rs 275 crore of their hard-earned savings for the last couple of years, the Reserve Bank of India has cancelled the licence of the city-based ailing urban ...
More
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds