| Better times ahead for banking sector | 19-NOV-09 |
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| Better times are ahead for the banking sector as a revival in economic activity coupled with inflation is likely to boost credit growth in the second half of current financial year, says a study. |
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| 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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| IndusInd Bank net jumps 130% to Rs 78 crore | 15-OCT-09 |
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| Aided by strong growth across its core and non-core businesses, IndusInd Bank registered a 130 per cent rise in net profit to Rs 77.82 crore in the quarter ended September 2009 as against Rs 33.6 crore in the year-ago quarter. |
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| Axis Bank net growth slows to 32% | 13-OCT-09 |
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| Continuing the good run in its trading room, India’s third-largest private sector lender Axis Bank saw a 32 per cent increase in net profit to Rs 531.64 crore for the quarter ended September 30, 2009 as against Rs 402.91 crore in the corresponding period last year. |
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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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| 'There will be some small changes, but no dramatic shifts' | 08-OCT-09 |
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| Axis Bank, the country’s third-largest private sector bank, has traditionally grown at a breathtaking pace, but Shikha Sharma believes that pace will need to come off somewhat. Sharma who took over as the chief executive officer and managing director in June this year is, however, confident that the bank will continue to beat the industry growth rate and sustain the margins and return ratios. |
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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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| The Zuma show | 18-SEP-09 |
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| Bharti/MTN: Politicking around the alliance of MTN and Bharti has spilled into the open. Some noise was always to be expected. But the sudden step-up in rhetoric should unnerve investors in the emerging-market telecom giants. |
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