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HDFC
net rises 21 per cent to Rs 147 crore in Q3
Mumbai: Housing Development Finance Corporation
on Tuesday announced a 21.19 per cent growth in net profit
for the quarter ended December 31, 2003 to Rs 146.65 crore
as compared to Rs 121.01 crore in the corresponding period
of the previous fiscal.
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CIFCL
plans Rs 30-cr rights issue in April
Chennai: Cholamandalam Investment and Finance Company
Ltd, the Murugappa group promoted non-banking finance
company, is planning to come out with a rights issue of
shares for Rs 29.52 crore in April 2003.
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Sicom
to tap Vysya Bank for $5.2 million foreign currency loan
Mumbai: The non-banking financial company, Sicom
Ltd, would go in for a foreign currency loan of $5.20
million, equivalent to Rs 25 crore, from Vysya Bank.
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SBBJ
to spruce up staff training
New Delhi: With large outflow of employees under
the voluntary retirement scheme, the State Bank of Bikaner
and Jaipur has decided to upgrade efficiency of its existing
staff to take on competition.
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SBH
quarterly net profit rises to Rs 178 crore
Hyderabad: State Bank of Hyderabad has posted a
net profit of Rs 177.77 crore for the quarter ended December
31, 2002 compared to Rs 151.26 crores as on December 31,
2001 registering a growth of 17.53 per cent.
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Revised
backstop facility rates
Mumbai: The Reserve Bank of India has revised the
method of fixing rates for backstop facility available
to banks and primary dealers.
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Vysya
Bank renamed as ING Vysya
Mumbai: Vysya Bank Ltd will be known as ING Vysya
Bank Ltd following ING Group's recent acquisition of 23.99
per cent equity, taking its overall stake to 43.99 per
cent to emerge as the largest shareholder in the bank.
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Nabard
cuts CG bond rates again
Mumbai: The National Bank for Agriculture and Rural
Development (Nabard) has decided to further reduce the
interest rate on its capital gains bonds by 75 basis points.
On January 2, the rates were lowered to 6 per cent from
6.5 per cent.
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Hind
Copper bond on rating watch
Mumbai: Crisil has placed the outstanding AAA (so)
rating assigned to Hindustan Copper Ltd's Rs 15-crore
non-convertible bond programme on rating watch with developing
implications.
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Cabinet
clears Nedungadi Bank merger with PNB
New Ddelhi: The Union Cabinet yesterday approved
the proposal for amalgamation of Nedungadi Bank Ltd (NBL)
with Punjab National Bank (PNB), which clears the way
for the Ministry of Finance to notify the merger.
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Corpn
Bank, Dena to share ATMs
Mangalore: Corporation Bank and Dena Bank has signed
an agreement in Mumbai for the mutual sharing of automated
teller machines (ATMs).
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