CALL RATES CLOSE AT 15-25% LEVELS
Article Abstract:
Call rates opened at 20-25 percent, went as high as 35 percent and closed at 15-25 percent in the inter-bank call money market on January 15, 1999. Dealers said that this volatile trend was being seen because banks had still not covered their reserve requirements and there were tight liquidity conditions in the system. The trend is expected to change only on January 18, 1999 when about Rs3000 crore is likely to flow into the system through the redemption of 1999, zero coupon bonds. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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GLOBAL TRUST BANK
Article Abstract:
Global Trust Bank has increased its deposits to Rs3285 crore in March 1998 against Rs1324 crore in March 1996. The company has earned a net profit of Rs80.13 crore on a net worth of Rs241.72 crore which translates into a return on equity of 33.15 percent in 1997-98. The bank has increased its number of branches which is expected to reduce the cost of deposits. The bank has a capital adequacy ratio of 10.28 percent against the Reserve Bank's stipulation of 8 percent. (khr)
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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- Abstracts: CALL RATES CROSS AT 7.75%. TCS TO ENTER GLOBAL BRANDED SOFTWARE ARENA. L&T FINANCE OPTS TO ENTER STRUCTURED FINANCE BUSINESS
- Abstracts: CALL RATES CLOSE HIGHER AT 8.75-8.80 PER CENT. BLOWING HOT, BLOWING COLD. FEELING THE PULSE
- Abstracts: CALL RATES CLOSE AT 5-6 PER CENT. GOVT WITHDRAWALS UNDER WMA RISE TO Rs3,820 CR
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