A recent press report said that the growth in lending loans have not shown any positive signs during this festival season. The fall in the credit growth from 21.5 percent to 19.45 percent starts at the beginning of the financial year. The negative growth in lending loans starts from first week of October, amount to… Read More »
According to a recent press report the net profit of Dewan Housing finance Limited has gone up to Rs. 72crore from Rs. 58 crore when compared with the previous year September quarter 30, 2010. Mr. Prashant Chaturvedi, Head Finance Dewan Housing finance Limited said that the extraordinary income Rs 35 crore which the company already… Read More »
A recent press report said that State Bank of Travancore (SBT), has said that its net profit has fallen by 28.51% to Rs 116.95 crore in the second quarter ended September 30, 2011. The bank had posted a net profit of Rs 163.59 crore for the July-September period of 2010. Reports said that the total… Read More »
A recent press report said that YES bank’s profit has increased from 176 crore to 235 crore in the July – September 2011 compared to the previous year. Mr. Rana Kapoor, CEO and Managing Director YES Bank said that the growth in the profit was through the Diversification of income said by. The net interest… Read More »
According to a recent press report, Dalmier India Commercial vehicle (DICV) and HDFC Bank have tied up for financing commercial vehicles. The CEO and Managing Director Mr. Marc Llistosella of DICV and Mr.Aditya Puri, Managing Director,HDFC Bank signed the MoU for their combined operations. Reports said that HDFC Bank will analyse the requirements of their… Read More »
According to a recent press report, the net profit of Dhanalaxmi Bank has increased from Rs.1.62 crore to Rs.4.35 crore as on September 30, 2011. Reports said that the Bank’s profit has gone up due to strong growth in their income levels. The bank’s net interest income was Rs 68 crore, other income Rs 44… Read More »
A recent press report said that the Reserve Bank of India’s hike in the interest rates will depend upon the inflation persistence. Dr. Subir Gokran the Deputy Governor Reserve Bank of India told the press that the if central Bank raises the interest rate and it is not the end in itself, if the problem… Read More »
According to the recent report from Insurance Regulatory and Development Authority, the apex body has planned create a database that will make sure that the insurers get the information regarding the claim history of individual borrowers. Reports said that the information collected by the IRDA will be a one single data that helps the insurers… Read More »
According to a recent press report the Reserve Bank of India, as part of its green initiative has asked all the non-banking financial companies (NBFCs) to shift to electronic payment system. Reports said that the government has also adopted this green initiative and has asked all the financial sectors including NBFCs to follow this method… Read More »
According to a recent press repot, Mr. George Alexander, Managing Director, Muthoot Finance Limited Company has said that the company has recorded growth in profit of about 88 percent in the second quarter. The company has attained a net profit Rs. 215 core during the second quarter September 30, which is Rs. 100 core more… Read More »