Union Bank of India has posted a 24.12 per cent jump in net profit for the quarter ended September 30, 2004 at Rs 211 crore, up from Rs 170 crore in the corresponding period of the previous year

Union Bank net rises 24%

Business Standard

The credit card division of ICICI Bank expects to scale up its point of sale machines to 45,000 from the current 30,000 by the end of the current financial year.


ICICI Bank credit card arm plans to have more e-data systems

The Reserve Bank of India (RBI) is set to restructure the gold loan scheme to meet the demand for good quality gold from domestic manufacturers.


Mint Road set to restructure gold loan scheme

Net profit of Bank of Rajasthan in the quarter ended September 30, 2004, plunged by 42.93 per cent to Rs 19.92 crore from Rs 34.91 crore in the corresponding quarter last fiscal. 


Bank of Rajasthan Q2 net dips 43% at Rs 19.92 crore

The Reserve Bank of India (RBI) is believed to be considering a proposal to allow exclusivity to the primary dealers (PDs) in treasury bill auctions.


T-bills deals may become exclusive PD domain

The Central government is learnt to be considering a proposal for recapitalisation of regional rural banks (RRBs).


Recapitalisation for rural banks in the offing

Steps growth-oriented, says SBI chairman Purwar.


RBI moves not to hamper growth: FM

Private sector insurance company, SBI Life Insurance has emerged the single largest group policy seller among private players by capturing as much as 10 per cent of the total market till August 2004

SBI Life tops private insurance list

Corporation Bank has launched a campaign to mobilise savings bank accounts. For each account opened during the campaign, between October 25-31 the bank will donate Rs 5 to HelpAge India, a non-profit

Corp Bank starts deposit campaign

Armed miscreants robbed Rs 6 lakh from the Valsad district branch of the Bank of Rajasthan on Monday afternoon.


Armed robbery at Valsad bank

The State Bank of India (SBI) has taken a plunge into the credit derivatives market to cope with the risk arising from its growing loan portfolio. 


SBI enters credit derivatives mart

ICICI&nbsp;Bank yet to decide on rate hikes.


Housing loan rates may go up

Affirmation on improvement in SBI's loan quality and satisfactory profitability.


S&P retains SBI, ICICI Bank ratings

Think big and act global, Chidambaram tells bankers.


Foreign banks can control Indian banks: FM

Press Trust of India

Private life insurance players do not see a case for hiking foreign direct investment (FDI) in the sector from the current 26 per cent. 


Pvt risk players do not see case for FDI hike

Punjab National Bank has reported a 37.6 per cent increase in net profit at Rs 412.55 crore during the second quarter of the current financial year as against Rs 299.76 crore in July-September 2003.

PNB net rises 37.6%

H1 bottomline up 13%; net interest margin moves up to 3.15%. 


SBI Q2 bottomline up 9%

Industrial Development Bank of India (IDBI), which might take over IFCI Ltd, has offloaded 4 per cent of its stake in the ailing institution in the last few months.


IDBI pares 4% stake in IFCI

Banks need to start looking at inclusive markets as a growth opportunity rather than as a 'cost to business' as they can build a profitable business serving a large market of about 500 million people in India. Banks can achieve this objective if they follow the DNA model â€“  building a Different DNA, creating new organisation structure, products and aligning with new partners, according to PwCâ€™s report titled 'DNA model for inclusive financial services; Driving Profitability.'

Banks should consider inclusive markets as growth opportunities: PwC

With a total first premium collection of Rs 92 crore as on August 31, 2004, Life Insurance Corporation of India (LIC)'s Ernakulam division has notched the top spot among the 100 divisions in the

Ernakulam division posts 200% growth

The representatives of federations of urban and rural co-operative banks in a meeting with the Reserve Bank of India (RBI) governor Yaga Venugopal Reddy yesterday urged the central bank to design a

Urban co-op bankers seek roadmap from RBI

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