Dena Bank is to issue unsecured, non convertible, redeemable subordinated bonds (tier II bonds series VIII) with a face value of Rs 10 lakh each for cash aggregating Rs 125 crore. According to

Dena Bank to raise Rs 225cr via bonds

Business Standard

Punjab National Bank (PNB) and Allahabad Bank will finalise the plan for a 60:40 joint venture in Kazakhstan with an initial investment of Rs 100 crore in the next two months. O N Singh,

Allbank-PNB JV in Kazakhstan by May

Press Trust of India

The holdings of foreign institutional investors (FIIs) and non-resident Indians (NRIs) in Punjab National Bank (PNB) has gone up to 18.66% of the paid-up equity capital from 14.16% after the bank's

FII, NRI stake in PNB moves up to 18.66%

Dr. Y.V. Reddy, Governor of Reserve Bank of India (RBI), will announce the annual policy statement for 2005-06 on April 28, 2005. "He will announce the policy in a meeting of chief executives

Credit policy on April 28

The spot rupee, which opened at&nbsp; 43.81 per dollar, firmed up to close at 43. 78 per dollar on sustained inflows. Statements of expenditure secretary allaying fears on interest rates

Re moves up to 43.78/$, gilts steady

The government is planning to raise Rs 83,000 crore from the market in the first half of the next fiscal, according to the issuance calender for securities issued by the RBI today. "All the

Govt to raise Rs 83,000cr in H1FY06

The Centre will conduct a market borrowing programme of Rs 83,000 crore in the first half of the new financial year 2005-06. 


Centre to borrow 41% more in H1

The rupee failed to hold onto its early gains as strengthening dollar against the major overseas currencies coupled with fall in the domestic share prices dampened the sentiment. The spot rupee

Re drops to 43.82/$

A special clearing session of the Mangalore Bankers Clearing House will be held on March 31 at 6 pm to facilitate the payment of taxes (corporate tax, income tax, central excise and service tax). 


Special session for bank clearing

Punjab National Bank (PNB) today returned three crore equity shares of Rs 10/- each to the government of India. According to a release issued by the bank to the BSE today, the bank paid Rs 1

PNB returns Rs 1,153cr to government

Indian banks, which have strengthened their balance sheets, will trigger mergers and acquisitions to conform to stringent Basel-II norms coming into effect in 2007. In a report titled Indian

Basel-II norms to trigger M&As: Fitch

The spot rupee, which moved up to 43.79 per dollar in intra-day deals, closed on a steady note at 43.81 per dollar today. Sentiment was bullish&nbsp;in the government securities market today.

Re steady at 43.81/$, gilts rally

The yield on ten-year benchmark 7.38 per cent 2015 paper is likely to close in a wide range of 6.60-70 per cent while the spot rupee stands to close book at 43.80/81 to a dollar on the last day of the

10-year yield may end fiscal at 6.60-6.70 per cent

Public sector banks, foreign banks and primary dealers seem to be divided over the closing levels of the yield on ten-year benchmark paper 7.38 per cent 2015 on March 31, 2005.


Market split on closing level

The spot rupee, which opened at 43.78 per dollar, firmed up to close at 43.74 per dollar on steady inflows. The rupee dropped a marginal 0.01% in fiscal 2005 after appreciating 8.7% in the last fiscal

Re firms up to 43.74/$, gilts subdued

Bank of India (BoI) posted a 12.15 per cent growth in its net profit at Rs 803 crore in the third quarter ended December 2012 on modest growth in interest and fee-based income.

BoI Q3 net up 12% at Rs 803 cr on growth in fee, interest incomes

ICICI Bank Ltd and Axis Bank Ltd, the country&rsquo;s largest and third largest private lenders, have raised deposit rates by 25-30 basis points (bps) on longer tenure maturities, raising doubts on whether banks will cut lending rates even if the central bank eases its monetary policy in tomorrow&rsquo;s review.

ICICI, Axis Bank raise deposit rate ahead of RBI policy

The economy is likely to grow by 5.5 per cent this financial year, according to the Reserve Bank of India&rsquo;s (RBI) survey of professional forecasters. An earlier round of survey had projected GDP growth rate of 5.7 per cent for the year.

RBI forecasters cut growth projection for FY13 to 5.5%

The rupee fell against the dollar today, amid demand from oil importers and uncertainties in the market ahead of the Reserve Bank of India (RBI)&rsquo;s third quarter review of monetary policy tomorrow.

Biggest fall for Re in 3 weeks may rise from current levels

Liquidity, already tight, might get tighter due to the rise in the gap between credit and deposit growth, the Reserve Bank of India (RBI) has said.

Liquidity might get even tighter, says central bank

With inflation falling to levels lower than expected by the Reserve Bank of India (RBI) and economic growth expected to slow further this year, the central bank on Monday said if moderation in inflation continued, it would focus on reviving growth.

RBI raises rate cut hopes

Finance News: Latest investing news and finance headlines straight from Business Standard.

Page 2481 - Finance News