|
|
MONEY & BANKING
FINANCIAL PERFORMANCE:
Rise in interest income lifts Andhra Bank’s Q4 net by 62%
Plans to enhance fee-based income, re-model retail strategy. Hyderabad, May 8 Andhra Bank’s net profit increased 62 per cent at Rs 201 crore in the fourth quarter ended March 31, 2009 compared with Rs 124 crore the corresponding quarter of ...
FINANCIAL PERFORMANCE:
UCO Bank net up 35%
Posts higher treasury, other incomes. Kolkata, May 8 Buoyed by higher treasury and other incomes, UCO Bank posted a 35 per cent growth in net profit at Rs 558 crore for the year ended March 31, 2009, against Rs 412 crore during the corresponding ...
INTEREST RATES:
Karnataka Bank cuts deposit rates
Karnataka Bank Ltd has slashed rate of interest on domestic term deposits by 50 basis points on all maturities. A bank release said here on Friday that the revised rate of interest on domestic term deposits will come into effect from May ...
FIXED DEPOSITS:
SBI to review deposit rates by end-May
Kolkata, May 8 Low inflation and adequate liquidity in the system might further soften interest rates thereby boosting the credit demand, according to Mr O.P. Bhatt, Chairman, State Bank of India. “There is a trend for interest rates ...
RIGHTS ISSUE:
SBI may raise Rs 20,000 cr thru rights, other options
Kolkata, May 8 State Bank of India might raise Rs 20,000 crore in 2009-10 preferably by way of a rights issue in order to fund its growth needs, according to its Chairman, Mr O.P. ...
PUBLIC SECTOR BANKS:
Evolution of SBI
...
FOREX:
Forex reserves fall by $1.3 b
Mumbai, May 8 The country’s foreign exchange reserves fell by $1.389 billion to $251.702 billion for the week ended May 1, according to figures released in the Reserve Bank of India’s weekly ...
PUBLIC SECTOR BANKS:
Syndicate Bank expanding presence in TN
Coimbatore, May 8 Syndicate Bank is bullish on growth and expanding its presence in ...
LIFE INSURANCE:
Max New York Life Insurance to launch new product
...
CORPORATE BONDS:
Corp Bank raises Rs 500 cr
Mangalore, May 8 Corporation Bank has raised Rs 500 crore through Upper Tier-II ...
PEOPLE:
Samir Bhatia quits Barclays Bank
New Delhi, May 8 Barclays Bank has confirmed that Mr Samir Bhatia, head of its retail and commercial business in India, has put in his ...
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
|
RSS Feeds