Vepa Kamesam Is Sbi Md

The Karur Vysya Bank Ltd has declared a net profit of Rs 71.14 crore as against Rs 37.04 crore last year, registering a growth of 92 per cent. It has recommended at dividend of 60 per cent for its shareholders. The Saraswat Co-Op Bank Ltd has posted an operatirig profit of Rs 77.88 crore (up by 70:12 per cent).

The RBI has rejected the application for certificate of registration submitted by Franzaan Capitals Ltd. Following the same, it Cannot transact the business of a non-banking financial institution.

UK's Export Credits Guarantee Department, has signed an MoU with ICICI and IDFC for export credit loans to Indian companies, denominated in rupees.