The Hindu Business Line : Tuesday, January 22, 2008

FINANCIAL PERFORMANCE
Loans buoy Kotak Mahindra Q3 net
Mumbai, Jan 21 Kotak Mahindra Bank (KMB) has reported a 124 per cent growth in Q3 net profit at Rs 102 crore on a standalone basis against Rs 45 crore in the corresponding quarter of the previous year.Mr Jaimin Bhatt, Chief Financial ... More

State Bank of Indore’s biz tops Rs 40,000 cr
The business level of State Bank of Indore, a subsidiary of SBI, during the quarter ended December 31, 2007, has crossed the Rs 40, 000 crore-mark and this growth from Rs 30,000 crore has come in a period of just 18 months, the bank said in a ... More

HDFC Bank posts strong growth; net up 45%
Share of low cost deposits at 51% More

Centurion Bank net rises 44%
Mumbai, Jan. 21 Centurion Bank of Punjab posted net profit of Rs 48.27 crore for the quarter ended December 31, 2008, up 44 per cent from Rs 33.51 crore in the corresponding quarter last year, on account of growth in income. The bank ... More

RBI & OTHER CENTRAL BANKS
‘Global outlook more uncertain now’
Mumbai, Jan. 21 The US sub-prime crisis and global financial uncertainties seem to list high on the RBI Governor, Dr Y.V. Reddy’s list of concerns, a week before the quarterly review of the monetary policy on January 29. Speaking ... More

PUBLIC SECTOR BANKS
SBI subsidiaries likely to reach Basel compliance by fiscal end
Equity floats not yet approved; consolidation moves apace More

SBI, lead bank for Ariyalur
The Reserve Bank of India has notified State Bank of India as the lead bank for the newly-carved out Ariyalur district. An official communication from the District Collector, Mr V.M. Xavier Chrisso Nayagam, here on Monday said that the ... More

TRADE & LABOUR UNIONS
‘No fresh hiring for 15 years by RBI’
Kolkata, Jan 21 The Reserve Bank of India (RBI) has not inspected the operations of the authorised dealers of foreign currencies for the past three years, thus marking a sharp departure from the earlier practice of undertaking regular ... More

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