MONEY & BANKING
FINANCIAL PERFORMANCE:
Bank of India net profit up 7% at Rs 810 crore
Subdued credit growth, high interest burden exert pressure. Mumbai, April 29 Bank of India’s net profit grew by 7 per cent to Rs 810 crore, for the quarter ended March 31, 2009, from Rs 757 crore in the corresponding quarter last year. ...
FINANCIAL PERFORMANCE:
High interest income lifts Canara Bank Q4 net by 55%
To go slow on overseas expansion: CMD. Bangalore, April 29 Public sector Canara Bank has slowed down its international branch expansion plans in view of the global ...
FINANCIAL PERFORMANCE:
Dhanalakshmi Bank net doubles
The net profit of Dhanalakshmi Bank has grown by 101 per cent to Rs 57.45 crore (Rs 28.46 crore) for the year 2008-09. The operating profit grew to Rs 87.90 crore (Rs 44.50 crore). Having surpassed its annual business targets by comfortable ...
FINANCIAL PERFORMANCE:
SBH net down 7.5% in Q4
Hyderabad, April 29 State Bank of Hyderabad’s (SBH) net profit declined 7.5 per cent at Rs 172 crore in the fourth quarter ended March 31, 2009 compared with Rs 186 crore in the corresponding quarter of the ...
FINANCIAL PERFORMANCE:
Dena Bank net profit flat at Rs 111 cr
Mumbai, April 29 Dena Bank registered a flat net profit of Rs 111.18 crore for the fourth quarter ended March 2009, as against 110.99 crore in the corresponding quarter last ...
NON-PERFORMING ASSETS:
West Bengal co-op bank to step up recovery drive
Kolkata, April 29 West Bengal State Co-operative Bank (WBSCB), according to its Chairman, Mr Samir Ghosh, is to step up its recovery drive in order to bring down non-performing assets (NPAs) and increase its lending to the agricultural ...
FINANCIAL PERFORMANCE:
Crisil’s net profit grows 27% in Q4
Mumbai, April 29 Led by an increased demand for bank loan ratings, rating agency Crisil’s standalone net profit for the fourth quarter ended March 31, 2009 rose almost 27 per cent, to Rs 36.43 crore from Rs 28.7 crore in the ...
LIFE INSURANCE:
‘Max Vijay’ may garner Rs 300 cr premium income in 3 years
Max New York Life expects it new policy ‘Max Vijay’, targeted at daily wage earners, to grow by 100 per cent and garner a premium income of about Rs 300 crore in the next three ...
PEOPLE:
City Union Bank non-exec chairman
Mr P. Vaidyanathan has assumed charge as part-time non-executive Chairman of City Union Bank. He will function in that position for two years. A chartered accountant by profession, Mr Vaidyanathan has been a member of the bank’s ...
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