| Provisioning issues | 09-NOV-09 |
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| The broader indices were in the correction mode in the recent past, but the new RBI provisioning stipulations ensured that banking stocks suffered more. The BSE Sensex lost around 5 per cent in the last fortnight whereas the losses for BSE Bankex were nearly double that figure. |
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| Vijaya Bank targets 22% growth in business | 30-OCT-09 |
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| Bangalore-based public sector lender Vijaya Bank today said it is looking to a business growth of 22 per cent, to Rs 1,10,000 crore. This will comprise of Rs 64,000 crore under deposits and Rs 46,000 crore under advances for year-ending March 2010 compared to the last financial year. |
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| CASA BELLA GOLD by Lodha gets unprecedented response | 28-OCT-09 |
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| Following the success of Casa Bella – which saw over 2300 families become a part of the City of Dreams since its launch in March 2009, Lodha Group now introduces Casa Bella Gold. The project, Lodha Group’s largest initiative witnessed an unprecedented response from consumers with over 400 bookings and over 1100 families visiting the venue within just 2 days. |
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| TMB eyes Rs 20,000 cr business | 23-OCT-09 |
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| Tuticorin-based Tamilnad Mercantile Bank (TMB) has set a target of Rs 20, 000 crore business by March 2010 from the present Rs 16,000 crore. |
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| South Indian Bank net profit up by 40% | 13-OCT-09 |
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| Kerala-based South Indian Bank has registered a 40.43 per cent growth in net profit of Rs 72.57 crore for the quarter ended September 30, 2009 as against Rs 51.68 crore in the corresponding previous quarter. |
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| 'Emphasis on Casa means better margins for the bank' | 06-OCT-09 |
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| Tekkar Yashwanth Prabhu, who took charge chairman and managing director of Oriental Bank of Commerce (OBC) in late August, has been quick to adjust to the new surroundings. In his first interview after taking charge, Prabhu tells Manojit Saha that he now understands that the bank needs to improve the share of low-cost deposits and increase its branch presence. |
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| Focus more on Casa deposits, govt tells public sector banks | 29-SEP-09 |
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| The government has asked public sector banks (PSBs) to increase focus on attracting low-cost current account, savings account (Casa) deposits in order to contain their cost of funds. It will also enable them to maintain a softer interest rate regime. |
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| SBI to hire 11,000 this fiscal | 21-AUG-09 |
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| State Bank of India, the country’s largest lender, plans to hire 11,000 people in the current financial year as it expands operations. |
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| In revamp mode | 03-AUG-09 |
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| Even as the June 2009 quarter performance of ICICI Bank was among its worst in terms of operational numbers, the bank’s medium-term strategy of focusing on the four ‘Cs’ seems to be working. This strategy centers around capital conservation, CASA improvement, cost control and credit monitoring. |
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| Andhra Bank sets CASA target of 35 % by 2010-11 | 10-JUL-09 |
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| Public Lender Andhra Bank has set a CASA target of 35 per cent for the next fiscal from the present 31 per cent. To facilitate this,the bank has set a target to add 10 accounts per branch per day. |
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| Positives priced in | 06-JUL-09 |
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| While concerns over asset quality and margin pressure weighed in on the stock of State Bank of India (SBI) till end-March 2009 given the economic slowdown, the stock has done pretty well in the recent past. |
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| SBI: Restructuring blues | 12-JUN-09 |
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| The quality of the bank’s loan book, which has perhaps grown far too fast, is a cause for concern. |
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