Rupee ends marginally lower
Mumbai: The rupee declined by four paise on Wednesday on dollar demand from oil companies.

The rupee opened at 44.24/26 and touched an intra-day high of 44.22 to finally close at 44.28/29 against Tuesday's 44.23/24. The dollar gained marginally against the yen and euro.

Forwards: The six-month forward premia closed at 3.79 per cent (3.68 per cent) and the one-year closed at 3.20 per cent (3.16 per cent).

Bonds: Bond prices fell by almost seven paise as global oil prices went up to $55 per barrel.

Total traded volumes on the order matching system were at Rs2,875 crore (Rs2,620 crore).

G-secs: The 8.07-10 year-2017 benchmark paper opened at Rs101.05 (7.91 per cent YTM) and closed at Rs101.30 (7.87 per cent YTM) against Tuesday's Rs101.37 (7.86 per cent YTM).

The 7.59 per cent-9 year-2016 paper opened at Rs98.15 (7.87 per cent YTM) and closed at Rs98.29 (7.85 per cent YTM) against Rs98.60 (7.8 per cent) on Tuesday.

Call rates: Call rates closed at 7.75-7.85 per cent against Tuesday's close at 7.7-7.9 per cent.

Reverse repo: In the first one-day reverse repo auction under the liquidity adjustment facility, the RBI accepted two bids for Rs160 crore and in the repo auction, there were 10 bids for Rs3,455 crore.

In the second one-day reverse-repo auction, the RBI accepted and received four bids for Rs145 crore and in the repo auction, there were 17 bids for Rs7,040 crore.

CBLO: The CBLO market saw 312 trades aggregating Rs18,754.7 crore in the 7.17-7.4 per cent range.
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BoI exits MF biz, certificate cancelled
Mumbai: Bank of India (BoI) has moved out of the mutual fund business and market regulator Sebi has cancelled the Certificate of Registration sought by the bank.

Subsequent to the surrender of certificate to the market regulator on January 6, BoI Asset Management Company, a wholly owned subsidiary managing the BOI Mutual Fund, has merged with the bank. The scheme of amalgamation has been approved by the Bombay High Court.

The bank did not have any live scheme on the day the certificate of registration was surrendered and the unclaimed redemption amounts of the schemes of BOIMF had been taken over by the bank, while the payments were made to investors in accordance with regulatory guidelines, it said.
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Bank of Baroda registers 63-pc rise in Q3 net
Mumbai: Bank of Baroda has registered a 62.8 per cent growth in Q3 net profit at Rs329.13 crore, against Rs202.18 crore in the corresponding period of the previous year.

Net interest income rose by 18.1 per cent to Rs960.77 crore, against Rs813.36 crore in the previous year. Total income was up 32.9 per cent at Rs2,720.7 crore (Rs2,047 crore) while total expenditure was higher by 34.15 per cent at Rs2,063.8 crore (Rs1,538.42 crore). In the first nine months of the fiscal, the cost of domestic deposits has risen to 4.74 per cent against 4.29 per cent in the previous year. Deposits have grown by 23.5 per cent to Rs90,421 crore. The yield on advances has inched up to 8.61 per cent (7.15 per cent). Domestic advances have grown by 41.4 per cent to Rs62,146.5 crore. Retail credit was up 49.2 per cent at Rs12,240.9 crore.

The BoB scrip ended on Wednesday at Rs246.05 on the BSE, up from the previous close at Rs235.25.
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Mahindra Finance posts 50 pc rise in Q3 net
Mumbai: Mahindra & Mahindra Financial Services has registered a 59 per cent rise in net profit to Rs26 crore in the third quarter ended December 31, 2006 against Rs16 crore in the corresponding period year-ago.

Total sales jumped 45 per cent to Rs578 crore, said a press release by the company. The company attributed its performance in Q3 of 2007 to the increasing demand from the rural markets of India and said the jump in topline was mainly due to the overall growth in the auto industry. The company has expanded its branch network to 400 locations across the country. Total income increased to Rs216.93 crore (Rs141.29 crore) and total expenditure rose to Rs178.21 crore (Rs117.56 crore).
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Centurion Bank reports 44 pc rise in net
Mumbai: Centurion Bank of Punjab has registered a growth of 44 per cent in net profit at Rs33.5 crore in Q3 of the present fiscal, against Rs23.3 crore in the corresponding period in the previous year. Net interest income was up 40 per cent at Rs146.5 crore against Rs104.5 crore in the previous year. Total income was up 51.7 per cent at Rs248.2 crore (Rs163.6 crore). Other income increased 72 per cent to Rs101.8 crore (Rs59.1 crore). The net advances of the bank grew by 66 per cent to Rs9,427.6 crore in the third quarter. Net retail advances rose by 60 per cent to Rs6,499.7 crore and now constitute 69 per cent of the bank's total advances. Deposits grew 46 per cent to Rs12,530.7 crore. The net interest margin was slightly lower at 4.7 per cent against 4.8 per cent in the previous year, while the cost of deposits inched up to 5.6 per cent from 4.7 per cent.
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HDFC Q3 net up 25 pc
Mumbai: Housing Development Finance Corporation's third quarter net profit rose 25 per cent as loan disbursements increased and interest spreads were maintained. Net profit for the quarter rose to Rs355.5 crore, up from Rs284.5 crore in the corresponding year-ago quarter. Interest income grew 41.4 per cent, to Rs1,358 crore (Rs960 crore). Total income amounted to Rs1,459 crore (Rs1,055 crore), rising 38 per cent, while total expenditure rose 44 per cent, to Rs1,009 crore. Gross profit for the quarter amounted to Rs449.5 crore (Rs357 crore).

Disbursements in the nine-month period amounted to Rs17,465 crore against Rs13,805 crore a year ago.

The company's loan portfolio grew 24 per cent, to Rs54,633 crore, from Rs43,927 crore a year ago. HDFC's capital adequacy ratio stood at 13.7 per cent of the risk weighted assets, against the minimum requirement of 12 per cent, said the company. Tier 1 CAR stood 8.1 per cent, against a minimum requirement of 6 per cent.
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