FINANCIAL PERFORMANCE
IndusInd Bank net drops
IndusInd Bank's net profit has fallen 45 per cent to Rs 17.18 crore (Rs 31.49 crore) during the quarter ended September 30. "The profits were lower mainly due to absence of profit on securitisation in the second quarter and increase in the cost ... More

Central Bank net doubles in H1
Central Bank of India's net profit surged 99.07 per cent for the six-month period March-September 30 to Rs 215 crore (Rs 108 crore) on growth in advances and less NPAs. The bank saw an increase of 39.65 per cent in gross advances to Rs 43,245 ... More

Can Fin Homes Q2 net up 69%
Can Fin Homes recorded a 69-per cent growth in its net profit at Rs 14.87 crore for the quarter ended September 30, compared to Rs 8.8 crore for the same quarter in the previous year. The Canara Bank subsidiary also had a ... More

LIFE INSURANCE
Aviva ties up with six more banks
Aviva said it has tied up with six more banks, all of which have a rural focus. These operate in Maharashtra, Bihar, West Bengal, Andhra Pradesh, Gujarat and Jharkhand. The bancassurance tie-ups are in addition to the 15 tie-ups with ... More

GENERAL INSURANCE
Govt wants insurers to improve rural coverage
Defaulters may face penalties, says IRDA chief More

Aviva Life to expand BPO operations
Plans to come up with newer products More

PRIVATE BANKS
ICICI Bank branch extension
ICICI Bank has inaugurated an extended area of the branch at Emgee Square in Padma Junction on MG Road. Mr Navas Meeran, Chairman, CII, Kerala Region, inaugurated the branch. The branch will remain open for customer transaction ... More

PUBLIC SECTOR BANKS
BoI corporate banking branch in Hyderabad
The Hyderabad zone of the Bank of India (BoI) would have a corporate banking branch, exclusively catering to the needs of the corporate clientele. The branch would be opened during the current financial year. BoI also plans to open six new ... More

GOVT BONDS
Bond prices gain marginally
Bond prices gained around ten paise and yields dropped by two basis points tracking US yields. Total traded volume on the order matching system also increased to Rs 3630 crore (Rs 3,610 crore). "The market has taken the RBI's ... More

CREDIT MARKET
`Some credit growth is okay'
Reddy for deposit-credit balance More

BoB retail loan factory
Bank of Baroda (BoB) will launch its retail loan factory at Hyderabad. It would be an addition to the bank's many customer-centric initiatives being taken up under Project Parivartan. The initiative will be launched by the ... More

SHORT TERM INSTRUMENTS
Call rates at 6.85-6.95 pc
Call ruled between 6.85 per cent and 6.95 per cent against 6.80-6.90 per cent. In the first one-day reverse-repo auction under LAF, the RBI received and accepted two bids amounting to Rs 260 crore. There were no repo bids. In the ... More

FIXED DEPOSITS
Banks raise NRE, FCNR deposit rates
ICICI Bank, Syndicate Bank, State Bank of India and Union Bank of India have uniformly hiked NRE and FCNR deposit rates. For FCNR (B) deposits in US dollars, rates have been revised to 5.34 per cent per annum for maturity of one year to less ... More

DCB raises deposits rates
The Development Credit Bank has raised its interest rates on term-deposits below Rs 15 lakhs. The rates on 46-87 days have been revised to 6 per cent per annum (4.75 per cent per annum) and on deposits for 88 to 177 days it ... More

OUTLOOK
SBI Bengal circle targets Rs 2,957-cr addl deployment
State Bank of India, Bengal Circle, covering West Bengal, Sikkim and Andaman & Nicobar Islands, has a set target of Rs 2,957 crore of additional deployment of funds in the current fiscal. In the first half of the year, the additional ... More