H1 net profit rises 30% for Federal Bank
Federal Bank registered a 30 per cent increase in net profit from Rs 182 crore to Rs 237 crore during the first half of this fiscal.
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SBI net rises 10%
Increase in non-interest income helped State Bank of India post a net profit of Rs 2,490 crore in the second quarter, a 10% increase compared with Rs 2,260 crore in the corresponding period last year.
Central Bank Q2 Profit Rs. 314 Crores
Central Bank of India’s net profit rose Rs 314 crore (96 crore in the corresponding period last year) in the second quarter of the current financial year, supported by a substantial growth in other income.
United Bank Posts Net Profit of Rs. 84 Crores
Higher fee-based income saw United Bank of India posting a net profit of Rs 84 crore for the second quarter this year, against a loss of Rs 180 crore for the corresponding period last year.
Syndicate Bank Net Decreases 32%
Syndicate Bank’s net profit for the second quarter of this fiscal stood at Rs 177.81 crore, a decrease of 32 per cent when compared to Rs 261.91 crore for the corresponding quarter, the previous year.
UCO bank to raise Rs 900-950 crores from FPO
The UCO Bank is expecting to raise Rs 900-950 crore from follow-on-public offer after a rousing comeback in the stock market. The revival of the stock market has encouraged UCO bank authorities to revise estimates of premium for the issue from Rs 50 to over Rs 60 a share.
UCO Bank posts 38% rise in net profit
Kolkata-based UCO Bank has reported a 38.40 per cent rise in net profit to Rs 207.72 crore for the second quarter compared to Rs 150.09 crore in the same period last year.
Central Bank eyes 25 pc growth in home loans
A top official of Public Sector lender, Central bank of India said in Mumbai that the bank was expecting its home loan segment to grow by 25 per cent in the current fiscal, which would widen the portfolio size to Rs 10,000-crore.
RBI may keep key rates unchanged: Macquarie Research
According to Macquarie Research, the Reserve Bank of India is likely to keep its benchmark lending and borrowing rates unchanged in its monetary policy review next week, but may start hiking them from April 2010.
Axis Bank – a profile
Axis bank, previously called the UTI bank, was established in 1994, promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI – I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies. It went public on Sept, 1998 with… Read More »