Rupee gains
Mumbai: The rupee gained against the greenback even as the US currency weakened against all major currencies. The rupee ended the day at 45.78, up from Friday's close at 45.90/91.

Forwards: The 6-month premium closed at 0.75 per cent (0.68) and the 12-month premium at 0.91 per cent (0.88).

G-Secs: The 7.59 per cent 2016 10-year benchmark paper closed at Rs99.65 (7.65 per cent YTM), up from Friday's close of Rs 99.46 (7.67 per cent YTM). The 9.39 per cent - 5-year-2011 paper closed at Rs108.72 (7.30 per cent YTM).

Call rates: The inter bank call rates remained unchanged between 5.5 and 5.6 per cent.

Reverse repo: In the first one-day reverse repo auction under LAF, Reserve Bank of India received and accepted 30 bids amounting to Rs35,550 crore and in the second one-day reverse repo auction, 41 bids for Rs35,095 crore. There were no repo bids.

CBLO: The CBLO market saw 322 trades aggregating Rs19,652 crore in the 4.97-5.10 per cent range.
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Precious metals move further
Mumbai: Precious metals moved up further on the local bullion market on Monday.

Standard gold prices were up Rs70 at Rs9,580 per 10 gm from Rs9,510 per kg. Pure gold (99.99 fineness) was up Rs65 to close at Rs9,625 per 10 gm from Rs9,560.

Silver (.999 fineness) price was up Rs95 to close at Rs18,665 from previous close of Rs18,570 a kg.
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PNB raises Rs885-cr via bonds
New Delhi: The Punjab National Bank (PNB) has raised fresh capital (tier-II) of Rs885 crore to fund its expected business growth this fiscal. The bank sold bonds aggregating Rs885 crore to domestic investors through a bond programme that closed on May 31.

As on March 31, 2006, PNB's capital to risk asset ratio (CRAR) stood at 11.95 per cent, lower than 14.78 per cent at the end of March 2005. For the financial year ended March 31,2006, PNB reported a net profit of Rs1,439.31 crore compared to net profit of Rs1,410.12 crore recorded in the previous year.
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Catholic Syrian Bank net down at Rs6.14-cr
Kochi: The net profit of Catholic Syrian Bank for the year 2005-06 has touched Rs6.14 crore (Rs10.66 crore), while it has declared an operational profit of Rs36.99 crore. The bank's net advances grew by 18 per cent to Rs2,695 crore (Rs2,289 crore), while deposits grew to Rs4,288 crore (Rs4,021 crore).

The bank was able to contain the net NPA to 2.78 per cent, while the gross NPA stood at 5.76 per cent. The capital to risk assets ratio stood at 11.26 per cent as against the RBI stipulated norm of nine per cent.

The average cost of deposit came down to 5.16 per cent and the net interest income stood at Rs146.18 crore. The credit-deposit ratio of the bank also grew to 62.8 per cent.
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Punjab & Sind Bank hikes NRE, FCNR deposit rates
New Delhi: The Punjab & Sind Bank has hiked the interest rates on foreign currency non-resident (banks) deposits and non-resident external (NRE) deposits from June 1.

A release issued by the bank said interest on NRE deposits has been hiked from 6.33 per cent to 6.43 per cent for maturities of 1 year to less than 2 years; from 6.33 per cent to 6.42 per cent for 2 years to less than 3 years; and from 6.35 per cent to 6.45 per cent for 3 years only.

On FCNR (B) deposits, interest rate on US dollar deposits has been hiked from 5.33 per cent per annum to 5.43 per cent for 1 year to less than 2 years; from 5.33 per cent to 5.42 per cent for 2 years to less than 3 years; from 5.35 per cent to 5.45 per cent for 3 years to less than four years; from 5.39 per cent to 5.47 per cent for four years to less than 5 years; and from 5.43 per cent to 5.50 per cent for five years.

Interest rate on euro, Canadian and Australian dollar deposits under FCNR (B) scheme has also been hiked.
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