With economic recovery firmly under way, the Reserve Bank of India (RBI) has trained its guns on containing inflation and providing a supportive climate for sustaining growth.

RBI projects year-end inflation at 6%

Business Standard

A day after Reserve Bank of India (RBI) tightened the monetary policy, leading private sector lender HDFC Bank decided to raise deposit rates by up to 0.75 per cent today.

HDFC Bank hikes FD rates by up to 0.75%; loans to be dearer

Press Trust of India

The Reserve Bank of India (RBI) today said that it expects the tight money supply condition, created by the huge outgo towards payment on spectrum by telcos, to ease by next week.

Liquidity pressure likely to ease next week: RBI

Credit growth of banks stood at 21.26 per cent during the one-year period ended July 16, up from 14.70 per cent a year ago, the Reserve Bank of India (RBI) said today.

Banks credit offtake up 21.26%

The entire undertaking of State Bank of Indore shall be transfered to and vested in State Bank of India from August 26, SBI informed the Bombay Stock Exchange (BSE).

State Bank of Indore merger with SBI to begin by Aug 26

The banking sector in Karnataka has disbursed Rs 31,020 crore under priority sector during 2009-10 as against the projection of Rs 34,940 crore, thereby attaining 88.7 per cent of the target.

Banks achieves 88.7% of priority sector target

Healthy growth in net interest income (NII) and fee income helped government-owned Corporation Bank report a 27.76 per cent increase in net profit to Rs 333.78 crore for the quarter ended June 30, as compared with Rs 261.25 crore in the same period of the previous year.

Corporation Bank profit rises 28%

Cholamandalam Investment and Finance Company plans to raise around Rs 250 crore through qualified institutional placement (QIP) and preferential issues. Meanwhile company&rsquo;s Chairman today M A Alagappan today stepped down at the company&rsquo;s 32nd annual general meeting (AGM) today. The succession plan is likely to be announced tomorrow.

Cholamandalam Investment plans for QIP

ICICI Bank has joined the United Stock Exchange (USE) shareholder base by acquiring a 1.33 per cent stake. The bank is a major participant in the forex market. A statement issued by USE pointed out that the move by India&rsquo;s largest private sector bank further strengthens the bank shareholder base of the exchange, which is all set to launch operations in the currency derivatives segment.

ICICI Bank buys 1.33% in USE

SBI raises issue at post-policy meet with RBI.

Bankers pitch for allowing sub-base rate lending

More easing expected next week as govt begins spending, says Subbarao.

Bond redemptions help banks turn net borrowers after two months

It had posted a net profit of Rs 257.41 crore for the first quarter of the previous fiscal, Oriental Bank of Commerce said in filing to the Bombay Stock Exchange.

Oriental Bank Q1 net up 41% to Rs 363 cr

Hyderabad-headquartered Andhra Bank has registered a net profit of Rs 320.41 crore for the first quarter of the 2010-11 fiscal, with total business touching Rs 1,31,844 crore, Chairman and Managing Director R S Reddy said today.

Andhra Bank Q1 net up 25% to Rs 320 cr

State-run Central Bank of India today posted a 26 per cent jump in its net profit at Rs 337 crore for the quarter ended June 30, 2010, as against Rs 267 crore in the same period last year, aided by a jump in its interest income.

Central Bank net up 26%; plans to raise Rs 2,500 cr

Bank of Maharashtra today reported a growth of 16.34 per cent in net profit of Rs 118.43 crore for the quarter ended June 30, 2010, over the same period last year.

Bank of Maharashtra Q1 net up 16% at Rs 118 cr

Private sector lender Axis Bank is likely to raise deposit rates shortly, after Reserve Bank of India raised key rates yesterday. However,the bank expects the credit growth to moderate in the coming quarters.

Axis Bank may raise deposit rates

Momentum expected to continue; Rs 2,000-crore bond issue on the cards.

Surge in loans, deposits lift Bank of Baroda net 25.4%

State-run Central Bank of India on Thursday posted a 26 per cent jump in its net profit for the quarter ended June 30 to Rs 337 crore as compared to Rs 267-crore in the same period last year, helped by healthy growth in loans, despite lower trading gains.

Central Bank net up 26%

State-owned Oriental Bank of Commerce on Thursday reported 41 per cent growth in net profit at Rs 363 crore for the first quarter ended June 30, against Rs 257 crore in the same quarter last year, on the back of healthy growth in interest income of 118 per cent.

OBC profit up 41%

State-owned Andhra Bank posted a 25.04 per cent rise in net profit to Rs 320.4 crore for quarter ended June 30, compared with Rs 256.22 crore in the corresponding period last year, on the back of a sharp increase in net interest income (NII).

Andhra Bank net rises 25%

Bank of Maharashtra today reported a growth of 16.34 per cent in net profit of Rs 118.43 crore for the quarter ended June 30, over the same period last year.

BoM net up 16%

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