MONEY & BANKING
AWARDS & HONOURS
Margdarsi MD to get Yudhvir award
Mr Shankar S. Melkote, Managing Director of Margdarsi Marketing Company, has been selected for the 17th Yudhvir Memorial Foundation Award. The annual award consisting of a citation and cash amount of Rs 50,000 is presented on April 30, every ...
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INSIGHT
Why sub-prime is not a crisis in India
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FINANCIAL PERFORMANCE
HDFC Bank net rises 37% on higher income
Higher provisioning made; no exposure to sub-prime meltdown
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SBM share demat almost done
Bangalore, April 24 State Bank of Mysore (SBM) is on the verge of completing the dematerialisation of its equity shares. Speaking to journalists here on Thursday, SBM’s Managing Director, Mr P.P. Pattanayak said, “The ...
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Central Bank net falls 15% on high cost of deposits
To raise Tier I capital after June
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Strong retail growth lifts SBT net up 18%
Thiruvananthapuram, April 24 State Bank of Travancore (SBT) has recorded a growth of 18.34 per cent in net profit during the financial year ended March 31.The net profit for the year stood at Rs 386.11 crore as against Rs 326.28 crore in the ...
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GENERAL INSURANCE
Oriental cover for Tata project
Oriental Insurance Company Ltd will be offering comprehensive project insurance for the Tata Power Project at Mundra in Gujarat. The reinsurance support for this project has been oversubscribed, said a press release. The project has been ...
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PRIVATE BANKS
Karnataka Bank board meets
Mangalore, April 24 The board of Karnataka Bank Ltd, which met in Bangalore on Thursday, discussed options about raising capital but it did not take any decision on it. Mr Ananthakrishna, Chairman and Chief Executive Officer of the bank, told ...
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NON-PERFORMING ASSETS
Banks asked to follow legal procedures for taking possession of hypothecated goods
Mumbai, April 24 Banks will have to follow legal procedures while taking possession of goods or property hypothecated to them against loans. The Reserve Bank of India has told banks that the recovery agents appointed by them cannot re-possess ...
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OUTLOOK
RBI to consider controls on working capital credit by banks
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