For a sign of how the mood has changed at the World Economic Forum in Davos this week, consider the speakers at an invitation-only client lunch hosted by Paul Calello, who runs Credit Suisse Group AG&rsquo;s investment bank.

Bankers at Davos recoil in political backlash

Business Standard

Bangalore-based public-sector lender Vijaya Bank reported a 20.65 per cent decline in net profit to Rs 124.57 crore for the third quarter-ended on December 31, 2009, compared with Rs 156.99 crore in the corresponding quarter last year. The bank has attributed the dip to low earnings from treasury and provision of Rs 113.17 crore for a non-performing asset.

Vijaya Bank net down 20.65%

State-owned lender Andhra Bank reported a 29.1 per cent increase in net profit to Rs 275 crore for the quarter ended December 31, 2009, as compared with Rs 213 crore during the same period last year.

Andhra Bank net up 29 pc

The US dollar remains under continued pressure from factors such as recovery hopes and inflation worries. However I question whether the market has correctly assessed the reasons why this is the case. In this article I analyse the issue and provide my conclusions on what is really behind this continued dollar weakness.

Explaining USD weakness: the real reasons

The credit growth of banks stood at 13.5 per cent for the fortnight ended January 15 compared to 22 per cent in the same period a year ago.

Credit offtake improves to 13.5%

Press Trust of India

Backed by a healthy growth in core fee-income, Bank of Baroda (BoB), overcame challenging market conditions to post a 17.5 per cent jump in net profit in the third quarter, overshadowing the muted earnings posted by many of its peers.

BoB Q3 profit up 18% on strong growth in fee-income

After swelling to a nine-month high in the previous fortnight, the outstanding credit of Indian banks decreased by Rs 11,898 crore in the 15 days up to January 15 &mdash; its first fall in two and half months.

Credit growth slows after quarter-end spurt

Doha Bank is planning to expand its operations in India by entering into new segments. The Qatar-based bank had in 2007 acquired a 49 per cent stake in Kochi-based brokerage firm Select Securities.

Doha Bank to enter new segments in India

With a modest rise in net interest income (NII) and decline in treasury income, Bank of Borada (BoB) has posted a net profit growth of 17.5 per cent to Rs 832.49 crore for the quarter ended December compared to Rs 708.37 crore recorded in the same period of the previous year.

BoB net jumps 17.5%

Punjab National Bank (PNB) on Wednesday reported a marginal rise in its net profit for the third quarter of the current financial year at Rs 1,011 crore, up 0.54 per cent from Rs 1,005 crore in the corresponding period of 2008-09. Total income also remained flat at Rs 6,236.55 crore in the quarter. In the year ago period, it stood at Rs 6,236.16 crore led by treasury gains.

PNB net flat due to treasury hit

Infrastructure Development and Finance Corporation (IDFC) reported a 46 per cent jump in consolidated net profit to Rs 269 crore for the third quarter of 2009-10 from Rs 184 crore in the year-ago quarter.

IDFC consolidated net profit up 46 per cent

Financial services firm, Morgan Stanley today said its Indian Chief Executive and Country Head Narayan Ramachandran will step down from his current role next month.

Morgan Stanley India head to resign

Public sector lender Bank of India (BoI) today said its net profit declined by 53.50 per cent to Rs 405.50 crore for the third quarter ended December 31, over the same period corresponding fiscal.

Bank of India Q3 net dips 53% to Rs 405 cr

Public Sector lender Central Bank of India today said its net profit declined by 13.25 per cent to Rs 306.44 crore for the third quarter ended December 31, over the corresponding period last fiscal.

Central Bank Q3 dips 13% to Rs 306 cr

A median forecast released by the Reserve Bank of India (RBI) in the pre-policy 'Macroeconomic and Monetary Developments: Third Quarter Review 2009-10' this evening raised the economic growth projection to 6.9 per cent from the 6 per cent projected three months ago.

RBI survey raises GDP forecast to 6.9%

Private sector lender Yes Bank today said it has raised $225 million (about Rs 1,034 crore) through private placement of shares to institutional investors.

Yes Bank raises $225 mn via share sale

The leading Kerala-based private sector lender Federal Bank today said its net profit declined by 45.92 per cent to Rs 110.25 crore for the third quarter ended December, over the corresponding quarter last fiscal.

Federal Bank Q3 net plunges 46%

To safeguard the interest of policyholders and ensure transparency, the sectoral regulator the Insurance Regulatory and Development Authority (Irda) today came out with public disclosures norms for insurers and has asked them to follow it from the next fiscal.

Insurers asked to disclose key financial info from April

The Reserve Bank of India (RBI) may signal the end of easy monetary policy by sucking out some liquidity from the market by way of Cash Reserve Ratio (CRR) hike, State Bank of Hyderabad (SBH) managing director Renu Challu today said.

'RBI may signal end of easy monetary policy by hiking CRR'

Bangalore-based public sector lender, Canara Bank, is aiming to double its home loan portfolio to around Rs 17,500 crore by December 2010. The bank&rsquo;s home loan portfolio stands at Rs 8,464 crore, little over 5 per cent of the total advances, as of December 2009, the bank&rsquo;s executive director K L Jagadish Pai said.

CanBank aims to up home loan portfolio

Contrary to popular perception on interest rate movement, expected to head north following a likely central bank action on monetary tightening, banks may actually end by cutting rates in the below-prime lending rate region for at least their corporate clients.

Undisbursed loans may lead to rate war, even if RBI tightens

Finance News: Latest investing news and finance headlines straight from Business Standard.

Page 2740 - Finance News