| 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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| Better times ahead for banking sector | 17-NOV-09 |
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| Better times are ahead for the banking sector as a revival in the economic activity coupled with inflation is likely to boost the credit growth in the second half of current financial year, says a study. |
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| Banks need 12 lakh biz correspondents for rural area | 16-NOV-09 |
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| The Indian Banking sector needs at least 12 lakh business correspondents to work in rural areas to bring six-lakh villages of the country into banking arena, Krishna Mohan, regional director, Reserve Bank of India (RBI) said here today. |
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| Positive IIP numbers fail to enthuse markets | 13-NOV-09 |
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| The markets chose to ignore the strong index of industrial production (IIP) numbers to shed nearly one per cent in a volatile session of trade. The Sensex closed at 15696.03, lower by 153.57 points, and the Nifty faced resistance around the 5,000 mark to end at 4,952.65, down 51.30 points. Realty, metal and banking sectors were the major draggers. |
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| Govt, RBI mull new FDI norms for banking | 04-NOV-09 |
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| The government is holding consultations with the Reserve Bank on the contentious issue of whether banks, which have over 50 per cent foreign ownership but are run by Indians should be exempted from the new FDI norms. |
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| Karur Vysya Bank Q2 net up 45% at Rs 91 cr | 30-OCT-09 |
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| Karur Vysya Bank reported a 45 per cent increase in its net profit for the quarter ended September 30, 2009 to Rs 90.90 crore as compared to Rs 62.24 crore,a year ago. |
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| ICICI Bank net rises 76% at Rs 1,145 cr | 30-OCT-09 |
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| Total income declined to Rs 14,595.85 crore during the July-September quarter from Rs 15,590.46 crore in the same period a year ago, ICICI Bank said in a filing to the Bombay Stock Exchange(BSE). |
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| PNB UK arm gets Moody's rating | 30-OCT-09 |
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| Punjab National Bank (International), the UK-based wholly-owned subsidiary of India's second largest state-run lender PNB, has been awarded 'Investment grade' ratings with 'stable outlook' by rating agency Moody's. |
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| PNB to acquire 63% stake in Dana Bank of Kazakhstan | 29-OCT-09 |
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| The country's second-largest public sector lender, Punjab National Bank (PNB), today said it plans to buy a majority stake in a bank in Kazakhstan, for an estimated $24 million, which would be its first overseas acquisition. |
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| Banking: Profit taking creates value | 29-OCT-09 |
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| The RBI quarterly monetary policy review, which emphasized an ‘exit’ from the expansionary stance, provided a backdrop for a flurry of profit-taking in bank stocks. |
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| Vijaya Bank net up 36% at Rs 108 cr | 29-OCT-09 |
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| Bangalore-based public sector lender, Vijaya Bank, today reported 36 per cent rise in its net profit at Rs 108.4 crore for the second quarter ended September 30, 2009 compared to the corresponding quarter last year. Its operating profit for the quarer went up by 55.4 per cent to Rs 233.9 crore compared to the year ago period. |
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| Deutsche Bank Q3 profit triples at euro 1.4 bn | 29-OCT-09 |
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| German lender Deutsche Bank today reported third quarter profit of 1.4 billion euro, which has nearly tripled from that of the year-ago period supported by tax benefits and rise in revenues. |
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| StanChart mulls listing in India | 29-OCT-09 |
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| The UK-based global banking giant, Standard Chartered, today said it is actively considering listing of its shares in India and discussions were on with the relevant authorities in the country. |
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