The buoyant foreign capital flows in debt instruments since the beginning of 2010 could weigh on the Reserve Bank of India&rsquo;s decision on whether to raise policy rates.

Capital inflow surge, rupee rise to weigh on RBI policy action

Business Standard

Spurred by good growth in home loan disbursals, the country&rsquo;s largest mortgage financier HDFC reported a 23 per cent rise in net profit to Rs 671 crore in the December 2009 quarter from Rs 546 crore in the year-ago period.

HDFC net up 23% on strong disbursals

The government will review the business model of IFCI, the New Delhi-based finance company, before taking a decision on converting the debentures it holds into shares.

Decision on IFCI bond conversion after review of business model

The bank&rsquo;s net interest income, or the difference between interest earned and interest paid, grew 70 per cent to Rs 211 crore. Non-interest income fell 33 per cent to Rs 128 crore, mainly due to a sharp fall in treasury income to Rs 28 crore, from Rs 148 crore in the December 2008 quarter.

Yes Bank net up 19%

Public sector lender State Bank of Hyderabad on Wednesday said its net profit rose 8.93 per cent to Rs 220.98 crore for the third quarter ended December over the year-ago period.

State Bank of Hyderabad net up

Press Trust of India

Muthoot Capital Services has posted a 33 per cent rise in its net profit to Rs 1.73 crore in the third quarter of the current financial year against Rs 1.29 crore in the same quarter a year ago. Its profit before tax increased 33 per cent to Rs 2.61 crore from Rs 1.97 crore during the year-ago period. For the quarter ended December, the total income from operations increased 22 per cent to Rs 5.57 crore from Rs 4.57 crore last year.

Muthoot Capital profit up 33%

Financial services firm India Infoline&rsquo;s net profit doubled to Rs 59.50 crore for the third quarter ended December 31, 2009, compared to last year. Its income rose 39 per cent to Rs 319.48 crore during the same period.

India Infoline net doubles

State Bank of India (SBI), which had lowered its loan growth target in the current financial year on account of low credit offtake, on Wednesday said credit growth in 2010-11 was likely to improve to around 20 per cent.

Credit growth seen at 20% next year: SBI

State Bank of India (SBI) is planning to launch 3 million more SBI Tiny cards with biometric identification within a year. The move is significant as it will help the bank keep pace with the financial inclusion process in the country.

SBI plans 3mn Tiny cards in 1yr

Axis Bank, the country&rsquo;s third-largest lender, is set to have its own headquarters (HQ) soon. The bank is close to finalising a deal with the Wadias to move its headquarters from the leased premises at Maker Towers in Cuffe Parade to the sprawling Bombay Dyeing mill complex at Parel in central Mumbai.

Axis Bank homes in on new headquarters

The rupee today fell by 10 paise to trade at two-week low of 46.03 a dollar in early trade following weakness in stock markets amid firm dollar overseas.

Rupee down 10 paise at 46.03 in early trade

Foreign lender HSBC today said that there is no immediate pressure on lending rates even if the Reserve Bank squeezes money supply to contain inflationary expectations.

No immediate pressure on interest rates: HSBC

Bharti Axa Investment Managers today announced the launch of its Bharti AXA Focused Infrastructure Fund.

Bharti AXA launches focused infrastructure fund

Exim Bank of India has extended a Line of Credit (LOC) of $60 million to the government of Rwanda for financing construction of Nyabarongo Hydro Power project.

Exim Bank of India gives LOC of $60 mn to Rwanda govt

Private sector, ICICI Bank, today said its Board of Directors has appointed Homi R Khusrokhan and V Sridar as the non-executive directors.

ICICI Bank appoints Khusrokhan, Sridar as non-exec directors

Private sector lender Yes Bank today said it raised $250 million (about Rs 1,140 crore) by private placement of shares to fund its expansion plans, which include opening up to 250 branches next year.

Yes Bank raises Rs 1,140 cr via share sale to boost biz

Country's largest lender State Bank of India (SBI) today said it is not looking at acquisition of any other bank outside SBI-fold, even as speculations are rife that consolidation in the banking sector may gather pace.

SBI not eyeing acquisition of another bank: Bhatt

Unique Identification Authority of India (UIDAI) is looking at registering 600 million users by 2014. UIDAI aims to check fraud or impersonation by collecting multiple identification details of a person on a biometric system.

UIDAI aims to register 600 million users by 2014

Despite a 55.44 per cent rise in its net interest income, the Bangalore-based State Bank of Mysore (SBM), an associate bank of SBI, has posted a 22.6 per cent drop in its net profit to Rs 141.31 crore for the third quarter ended December 31, 2009 compared to the corresponding quarter last year. Its total income for the quarter stood at Rs 995.07 crore, a marginal drop of 5.3 per cent compared to the same quarter a year ago.

SBM net drops 22.6% in Q3

State Bank of Hyderabad (SBH) reported an 8.93 per cent rise in net profit to Rs 220.98 crore during the quarter ended December 2009, compared with a profit of Rs 202.86 crore posted during the corresponding quarter last year.

SBH net up 9%

Treasury income, muted net interest income growth result in the fall.

ICICI Bank net drops 26%

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