Rupee eases another nine paise
Mumbai: The rupee ended at 44.1550 in its value against the dollar, sliding lower from its previous closing at 44.06/07.
Forward Markets- The six months premium closed at - 0.77 per cent (-0.68 per cent) and the one-year premium ended at - 0.39 per cent (-0.31 per cent).
G-Secs- The 7.37 per cent 2014 paper ended at Rs 117.87/89, while the 8.07 per cent 2017 paper closed at Rs 125.33/35 (Rs 125.30).
Call rates- Slightly higher at 4.50 per cent.
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RBI extends credit concessions in J&K to '05
Mumbai: The Reserve Bank of India has informed the chiefs of all commercial banks that the concessions and credit relaxations to borrowers in Jammu and Kashmir has been extended up to March 31, 2005. This has been done with a view to ensuring larger flow of credit to trade and industry in the State, the RBI has said in a circular to all scheduled banks.
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Vijaya Bank announces dividend of 25 per cent
Bangalore: Vijaya Bank's net profit for 2003-04 has more than doubled to Rs 411.31 crore from Rs 196.56 crore a year back. The bank has reported total income of Rs 2,465.78 crore for 2003-04, up 22 per cent from Rs 2,016.83 crore. It has also announced a dividend of 25 per cent for the year.

Vijaya Bank expects to report a total business close to Rs 43,000 crore in 2004-05, of which Rs 28,000 crore is likely to come from deposits and Rs 15,000 crore from advances. NPAs fell by Rs 105.84 crore or 51.42 per cent during the year from Rs 205.81 crore a year earlier, pushing the NPA ratio to 0.91 per cent from 2.61 per cent.
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BoBCard to launch pre-paids
Chennai: BoBCards Ltd, a wholly owned subsidiary of Bank of Baroda, intends to introduce two pre-paid cards, a dollar card for international use and a rupee card for local use.
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