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BANKING / Revenue growth 38%
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Corporation Banks profit up 23 pc
Corporation Bank posted a 22.79 per cent increase in its net profit to Rs 177. 11 crore for the first quarter ended June 2007, Corporation Bank Chairman & Managing Director B. Sambamurthy announced on Saturday in Bangalore. |
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TELECOM / Overall growth of 4.1 per cent
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Six million GSM mobile users added in June 07
Within the B circle, the highest growth was recorded by Uttar Pradesh (West) circle at 6.5 per cent, closely followed by West Bengal and the Andaman & Nicobar circle at 6.1 per cent. |
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Allahabad Bank launches reverse mortgage loan
Allahabad Bank, which reported a 56 per cent hike in net profit in the first quarter at Rs 200.40 crore, rolled out on Saturday reverse mortgage loan scheme for senior citizens and doorstep banking services. |
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RBI asks banks to slash interest rates on export finance
The Reserve Bank of India (RBI) on Saturday directed all commercial banks to reduce interest rates on export finance by two percentage points following governments decision to grant subsidy to exporters hit hard by rise in rupee value. |
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Industry against job quota in pvt sector
Apex chambers of Trade and Industry on Saturday conveyed to the government that they were dead against any legislation on job reservation in the private sector. |
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ECGC presses exporters for insurance cover |
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IN BRIEF |
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From left, CII President Sunil Bharti Mittal, ASSOCHAM president Venugopal Dhoot, and former president FICCI K.K. Modi addressing media persons in New Delhi on Saturday. PTI
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Click Here for DH Photogallery
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| Market Notes |
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| Gold (Bangalore) (10gm) |
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8,984 |
| Silver (per kg) |
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18,600 |
| Gold (Mum)(10gm) |
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- |
| US dollar * |
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40.68 |
| Pound * |
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83.22 |
| Euro * |
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56.53 |
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| DH Forum |
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| Holidays for mourning? |
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Should a holiday be declared for educational institutions and banks for mourning a former Prime Minister or President? Please express your views in 100 words.
Responses may be sent to Deccan Herald, No 75, M G Road, Bangalore - 560001 or e-mail: editordh@deccanherald.co.in latest by 2 pm on Saturday.
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