 |
 |
Top Stories |
Bancon 2011 to frame strategies to meet growing challenges
Bancon 2011 will serve as a platform for the Indian banking sector to frame strategies to face the challenge of competition and exploit the opportunities for growth over the next decade, according to Mr M. Narendra, Chairman and Managing Director, Indian Overseas Bank.
 |
Indian Financial Institutions |
Dhanlaxmi Bank plans fresh capital infusion
The Thrissur-based Dhanlaxmi Bank has proposed to infuse fresh capital within the next 2-3 months. However, Mr Amitabh Chaturvedi, Managing Director and CEO, declined to give any figure on the amount to be pumped in. The infusion, he said, would be completed within the fiscal ending March 2012.
LVB bullish on growth
The 84-year-old private sector Lakshmi Vilas Bank (LVB) has increased its profit more than three-fold in 2011 to Rs 101 crore from Rs 30 crore in 2010, according to Mr P.R.Somasundaram, Managing Director and Chief Executive Officer of the bank.
Manappuram Finance Q2 net up 125%
Manappuram Finance Limited has registered a 125 per cent growth in its net profit for the quarter ended September 30, to touch Rs 135.3 crore, compared to Rs 60.18 crore for Q2 of last year, 2010. The half-yearly net profit is also up by 129 per cent at Rs 243.13 crore as compared Rs 106.33 crore for H1 of 2010-11.
Italian banks keen on setting up branches in India
Two large Italian banks are likely to open up their branches in India to assist financially Italian businesses set up operations, according to Mr Pierfrancesco Gaggi, Director, Associazione Bancari Italiana or the Italian Banking Association, which represents the Italian credit and financial industry in all international forums.
 |
Insurance |
IRDA approves insurance JV by Videocon, Liberty Mutual
The Insurance Regulatory and Development Authority has given its go ahead to the Videocon Group's general insurance joint venture with the US-based Liberty Mutual Group, said a senior IRDA official.
|
|
IDBI Bank's Aadhaar enrolment
IDBI Bank, one of the registrars for enrolment of residents under the Aadhaar project of UIDAI, has launched its enrolment in Tamilnadu from 10 branches in Chennai for its customers, their relatives and other residents.
 |
Discuss: Click here to tell us your views & see what others have to say about this report. |
 |
Feedback |
Click here to give us your valuable feedback in order to enable us to serve you better.
|
4.11.2011
|
| Currency |
Rate (Rs.) |
Change |
| USD |
49.08 |
0.29 |
| Euro |
67.79 |
-0.20 |
| GBP |
78.65 |
-0.16 |
| Yen (100) |
62.85 |
0.41 |
|
|
4.11.2011 16.00
|
| |
Index |
Change |
| NIFTY |
5284.2 |
18.45 |
| SENSEX |
17562.61 |
80.68 |
|
 |
Market Updates |
Sensex shrugs off mid-session setback, ends 81 points up
Despite suffering a sharp setback around mid afternoon, the market, which opened on a high note on global cues and traded firm for over four hours, managed to sign off on a positive note with modest gains on Friday thanks to some strong buying in metal and capital goods stocks.
|
|
|
