Public-sector lender Indian Bank has reported a growth of 11 per cent at Rs 368.15 crore in net profit for the first quarter, ended June 30, as compared to Rs 331.66 crore during the corresponding quarter of the last fiscal.

Indian Bank net up 11%

Business Standard

RBI to issue discussion paper on new licence conditions this week.

New banks may have to reach out to rural india

Chinese banks may struggle to recoup about 23 per cent of the $1.1 trillion they&rsquo;ve lent to finance local government infrastructure projects, according to a person with knowledge of data collected by the nation&rsquo;s regulator.

Chinese banks see risks in 23% of $1.1-tn loans

The Indian rupee gained 3 paise to 46.90 against the US dollar in early trade today on the Interbank Foreign Exchange, largely on the back of fresh foreign capital inflows into equities.

Rupee gains 3 paise against dollar in early trade

Press Trust of India

Public sector lender Union Bank of India today reported a growth of 36.01 per cent in net profit for the first quarter ended June 30 to Rs 601.42 crore.

Union Bank of India Q1 net profit up 36%

City-based Dena Bank today reported a net profit of Rs 138.79 crore, an increase of 20.66 per cent for the quarter ended June 30, 2010 as against a net profit of Rs 115.02 crore reported in the same quarter a year ago.

Dena Bank Q1 at Rs 138cr

The Reserve Bank is likely to increase key policy rates by at least 25 basis points in its first quarterly review of the monetary policy tomorrow to tame inflationary expectations.

RBI likely to raise key policy rates tomorrow: Experts

State-owned Bank of Baroda (BoB) is the second most productive lender among nationalised banks in terms of profit per employee during 2009-10, RBI said in a report.

BoB ranks 2nd highest in staff productivity

Hinting at a hike in its key rates tomorrow, the Reserve Bank of India (RBI) today said it would continue exiting from its easy money regime to check double-digit inflation, while ensuring stable economic growth.

RBI hints at hike policy rates to contain inflation

The possibility of the Reserve Bank of India (RBI) hiking key rates will lead to increase in lending rates, a Union Bank's Chairman and Managing Director M V Nair said here today.

Union Bank sees hike in lending rates

The grip of insurance giant Life Insurance Corporation's (LIC) on the market only got cemented this quarter further with the state-run behemoth cornering nearly three-fourths of the new premiums in the first quarter with Rs 18,740-crore business.

LIC grabs nearly 75% new biz in Q1 with Rs 18,740 cr

The rapid rise in housing prices could spike general price levels and pose a danger to financial stability, the Reserve Bank of India (RBI) said today, ahead of its quarterly review tomorrow.

RBI concerned over rising housing prices

State-owned IDBI Bank today said that it has received a capital infusion of Rs 3,119.04 crore from the government.

IDBI Bank gets Rs 3,119 cr aid from govt

Public sector lender Union Bank of India on Monday posted a 36 per cent growth in net profit to Rs 601 crore in quarter ended June 30 from Rs 442 crore a year ago on the back of strong growth in interest income.

Union Bank net up 36%

Public sector Dena Bank on Monday reported a 20.67 per cent increase in net profit for quarter ended June 30 to Rs 138.79 crore from Rs 115.02 crore in the corresponding quarter last year.

Dena Bank profit up 21%

Indiabulls Financial Services on Monday reported an 82.7 per cent growth in net profit to Rs 131.49 crore in the quarter ended June, as compared to Rs 71.9 crore in the corresponding period of the previous year.

Indiabulls Finserv net up 83% to Rs 131 crore

The Reserve Bank of India today indicated that the trend of rising interest rates would continue until inflation and inflationary expectations were contained, even as it stressed the need to improve supplies to bring down prices.

RBI says inflation remains a target lest it hurt growth

Professional forecasters raised their growth estimate in the year to March 2011 to 8.4 per cent from the 8.2 per cent they had forecast in April as the economy picks up further from the recovery in the last few months of 2009-2010, the Reserve Bank of India (RBI) said in its macroeconomic and monetary report ahead of the first quarter monetary policy review.

Growth estimate raised from 8.2% to 8.4%

RBI asks banks to beef up deposit mobilisation

Reflecting the strong growth in demand for credit from the commercial sector, fund flow to the sector increased three-fold in the first quarter of the financial year &mdash; driven mainly by credit flow from the banking system, housing finance companies and demand for funds for initial public offers (IPOs).

Credit to commercial sector up three-fold in April-June

The rupee rose on Tuesday, towards a more than 1-week high touched in the previous session, as mild gains in local shares and the $'s losses versus majors helped.

Re rises towards 1-wk highs on $ drop

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