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Rupee
weakens further
Mumbai: The rupee closed marginally weaker on Tuesday
at 46.10/12 a dollar, as against Monday's closing levels
at 46.09.
Forward Market: The one-year forward closed softer
at 1.75 per cent (1.90 per cent).
G-Secs: The 10-year benchmark, the 7.37 per cent
2014 paper closed lower at Rs. 111.18. The 8.07 per cent
2017 paper remained unchanged at Rs 116.35 per cent.
Call rates remained at around 4.25 per cent in
the inter-bank market.
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Canara
Bank Q1 net up 32 per cent
Bangalore: Canara Bank has registered a 32-per
cent net profit growth in the first quarter of this financial
year at Rs 336.44 crore, up from Rs 255.85 crore posted
in the corresponding period of the previous year. Total
income in Q1 was Rs 2,185 crore, up from Rs 2,063.22 crore
during the corresponding quarter of the last financial
year. The bank also made lower provisions this year of
Rs 127 crore (Rs 148 crore) on non-performing assets.
As a result, the operating profits went up to Rs 644.64
crore (Rs 497.10 crore). The bank, Mr Shastri said, planned
to reach a business level of Rs 1,55,000 crore by March
2005 of which at least Rs 56,000 crore was expected to
come from advances.
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LogicaCMG
anti-money laundering tool for ING Vysya
Bangalore: LogicaCMG has said that it has won a
contract for the implementation of its anti-money laundering
(AML) solution at ING Vysya Bank in Bangalore. The solution
enables the bank to monitor customers' profiles and 'suspicious'
financial transaction activity, through advanced statistical
analysis and transaction monitoring. It also provides
extensive case management and reporting facilities, said
a company press release.
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