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| DCB Q2 net loss at Rs 16.9 crore | 14-OCT-09 |
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| In the quarter ended June 2009, the bank had recorded a net loss of Rs 35.3 crore. It expects a turnaround in 6-9 months. Total income, comprising interest and other income, in the reporting quarter fell to Rs 145.74 crore from Rs 201.31 crore. |
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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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| 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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| Rupee gains as auto sales brighten outlook | 02-JUL-09 |
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| The rupee rose for a fourth day On Wednesday, its best run in a month, as sales growth at local auto-makers buoyed stock markets and spurred optimism that foreigners would add to their holdings. The currency reversed an earlier loss as the the Bombay Stock Exchange’s Sensex climbed 1.1 per cent after Maruti Suzuki said that June sales climbed 23 per cent, adding to signs that demand was picking up in Asia’s third-biggest economy. |
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| India's current a/c surplus, capital balance negative in Q4 | 30-JUN-09 |
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| After a nine-month long hiatus, India's current account balance, representing the country's net income from trade and investments abroad, turned positive at $4.7 billion in the fourth quarter of 2008-09 on decline in import oil and commodities bill. |
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| Share of low-cost deposits slips for PSBs in 2008-09 | 12-MAY-09 |
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| The decrease is attributed to depositors shifting a part of their balances from current and savings bank accounts (Casa) to term deposits as banks paid higher interest rates on these funds for a major part of the year. |
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| Union Bank Q4 net down 10.56 per cent | 08-MAY-09 |
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| Union Bank of India’s net profit for the fourth quarter ended March 2009 declined by 10.56 per cent to Rs 466 crore from Rs 521 crore in January-March, 2008 owing to higher provisioning. |
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| SBI deposits grow Rs 1k cr a day | 30-OCT-08 |
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| Deposits with State Bank of India (SBI) have been growing daily by Rs 1,000 crore on an average in the last 10 days, an executive of the bank said on Wednesday. |
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| Yes Bank net up 40.5% | 23-OCT-08 |
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| Yes Bank on Wednesday reported a 40.5 per cent jump in net profit at Rs 63.62 crore for the second quarter, as against Rs 45.28 crore for the same period last year. |
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