While bank credit growth seems to be showing signs of revival, deposits could soon emerge as the new area of concern for bankers.

Bank deposits contract on advance tax payment

Business Standard

Kolkata-based United Bank of India (UBI) has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offer (IPO). The issue size will be Rs 50 crore. The bank had appointed SBI Capital Markets (lead merchant banker), Enam Securities and Edelweiss Capital as merchant bankers for the issue, T M Bhasin, executive director, UBI, said.

United Bank files for IPO

Punjab and Sind Bank Ltd had sought government approval for its proposed initial public offer, a source close to the development said today.

Punjab & Sind Bank seeks govt OK for IPO

Kolkata-based United Bank of India (UBI) has filed draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), for an initial public offering (IPO), with the issue size of Rs 50 crore.

UBI files DRHP for IPO to raise Rs 50 cr

India&rsquo;s 10-year bonds ended two days of losses as yields at their highest level in three weeks attracted buyers.

Bonds rise as yields lure investors

Islamic investment bank Gulf Finance House (GFH) has booked a $300 million provision over its exposure to a Dubai development project.

Gulf Finance House books $300 mn provision over Dubai exposure

Press Trust of India

Standalone health insurer Apollo Munich Health today said it plans to invest Rs 275 crore in the next 5 years to grow its business.

Apollo Munich Health to infuse Rs 275 cr in 5 yrs

At the behest of the central government, Exim Bank of India has extended a $30 million Line of Credit (LOC) to government of Cote d'lvoire, a West African country, for financing an electricity interconnection project between Cote d'lvoire and Mali.

Exim Bank inks $30 mn LOC pact with West African country

Public sector Andhra Bank today said its net profit for the quarter ended September 30 grew 70 per cent to Rs 274 crore from Rs 162 crore in the corresponding period last year.

Andhra Bank posts Rs 274 cr net profit

Public sector lender Bank of Maharashtra&rsquo;s net profit for the July-September quarter rose 22.86 per cent to Rs 86.68 crore from Rs 70.55 crore in the same period a year ago.

BoM net up profit 23%

Private sector lender Lakshmi Vilas Bank today reported a nearly four-fold rise in net profit to Rs 44.66 crore for the six months ended September 2009 on the back of growth in all verticals.

LVB H1 net jumps four-fold

City Union Bank has reported a 21.5 per cent rise in net profit for the quarter ended September 30 at Rs 45.75 crore as compared to Rs 37.65 crore. Total income rose 30.53 per cent to Rs 284.98 crore from Rs 218.32 crore.

City Union net up

State Bank of India (SBI), the country&rsquo;s largest lender, today said that its consolidated net profit rose 28.29 per cent to Rs 3,133.16 crore for the quarter-ended September 30 from Rs 2,458.04 crore in the same quarter of the previous year.

SBI net rises 28%

State Bank of India Chairman OP Bhatt addressed a press conference to announce the bank&rsquo;s results and dwell on his expectations in the months ahead.

'Need to provide Rs 5,000 crore to increase coverage ratio'

The Reserve Bank of India's (RBI) decision to up commercial real estate property loan provision of banks may force the lenders to hike lending rates to the sector in the near term, said bankers.

Banks to hike lending rates on commercial realty loans

The British government is planning to pump in an additional capital of up to 19 billion pound into the Royal Bank of Scotland (RBS) and hike its stake to as much as 84 per cent, a move that would virtually nationalise the bank.

RBS to get virtually nationalised; govt to hike stake to 84%

Indian Bank has set a target to double its international business to Rs 8,000 crore in the next three years.

Indian Bank aims to double overseas biz

The British government is planning to pump in an additional capital of up to &pound;19 billion into the Royal Bank of Scotland and hike its stake to as much as 84 per cent, a move that would virtually nationalise the bank.

RBS to get nationalised; govt to hike stake to 84%

Encouraged by rising profits in the second quarter, ICICI Bank Chief Excecutive Officer (CEO) Chanda Kochhar has said the lender would consider rewarding its employees with bonus, which it skipped last year on account of poor performance.

ICICI staff may get bonus as bank's profitability soar

Rating agency Moody's today said the Reserve Bank of India's (RBI) stricter norms for non-performing loans and for loans to commercial real estate would hurt banks' profits.

RBI's stringent norms to hit banks' profits: Moody's

Several banks and housing finance companies have come under the scanner of the competition watchdog for imposing penalty on pre-payment of loans.

Banks under CCI scanner for pre-payment penalty on home loans

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