Vishwas Fd Interest Rates Revised

The Commercial Bank of Korea Ltd (CBK) has become the first South Korean bank to start operations in New Delhi. Licence for operation in India was obtained earlier this year, senior bank officials said yesterday. Set up in Seoul in 1899, the bank is one of the top six banks in South Korea and one of the top 200 in the world in terms of capital and total assets. It has a total asset of $50 billion and a paid-up capital of over $one billion. CBK posted net profit of US$136 million last year, bank officials said.

Brazil's commercial and financial foreign exchange contracts posted a $1.052

 

billion surplus on May 8 in the commercial forex market,Central Bank data suplied to banks said. Dealers estimated at least $1.1 billion from financial buy was due to the payment for part of a controlling stake in state mining firm CVRD.