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Scrips
of DPC lenders dip after termination notice
SCRIP prices of the State Bank of India (SBI), ICICI
and the Industrial Development Bank of India (IDBI) have dipped after
the Dabhol Power Corporation (DPC) gave its preliminary termination notice
last Saturday.
US
treasuries rise on dim inflation fears
US treasuries edged up on Monday with long-dated issues outperforming
for the fourth straight session, as investors bet inflation pressures
will remain muted and the Fed’s avalanche of rate cuts will soon end.
A stream of steep Federal Reserve interest rate cuts this year have lopped
2.5 percentage points off key overnight bank lending rates in less than
five months, lifting hopes for an economic rebound by the second half
of the year.
Indian
FIs may skip lenders meet in June
THE Indian lenders of the Dabhol Power Company (DPC) may skip
the forthcoming two-day global lenders meet during June 4-6 in Singapore
to discuss the implication of the pre-termination notice served by the
former to the Maharashtra State Electricity Board (MSEB).
J&K
Bank profits rise 39% to Rs 167.56 crore
THE Jammu & Kashmir Bank (J&K Bank) has reported
a 39.44 per cent rise in its net-profit for the fiscal 2000-2001 to Rs
167.56 crore from the Rs 120.17 crore notched up in the preceding fiscal.
Gross profit is up by 21 per cent to Rs 281 crore (Rs 232 crore). The
board has recommended a 40 per cent dividend for the fiscal 2000-01.
No
takers for SBI top job in Gujarat post bullion scam
IT’S a classic Catch-22 situation for the State Bank
of India (SBI) in Gujarat. The bank is believed to have incurred a loss
of over Rs 80 crore in the recent bullion scam, and is finding it tough
to get a suitable replacement for its top job in the state.
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