Dewan Housing Finance has emerged as the front-runner to buy IDBI Bank's home finance subsidiary, IDBI Home Finance, having put the highest bid amongst the three shortlisted bidders.

Dewan Housing top bidder for IDBI's home loan unit

Press Trust of India

LIC Housing Finance has posted 26.7 per cent rise in its net profit at Rs&nbsp; 134.33 crore for the third quarter ended December 31, 2008 as against Rs 106.02 crore for the corresponding period last year.

LIC Housing Q3 net up 27% at Rs 134 cr

Business Standard

Compared with the disappointing results coming in for manufacturing and services firms, headline numbers for banks in the December 2008 quarter have been fairly robust.

Pricing power helps, but future is tense

Tata Capital, IIFCL line up debenture issues.

Bond market for retail investors set for action

Commercial vehicle finance companies have sought more sops from the Reserve Bank of India, including halving the risk weights for the segment to 50 per cent.

Vehicle finance companies lobby for more sops

LIC Housing Finance has reported a 26.70 per cent rise in its net profit to Rs 134.33 crore for the quarter ended December 31, 2008, compared with Rs 106.02 crore in the corresponding quarter last year.

LIC Housing Fin profit up 27 per cent

Reliance Capital On Tuesday posted a 11.34 per cent rise in its third quarter consolidated net profit to Rs 131.54 crore, thanks to the 36.11 per cent growth in its operating income.

R-Capital net rises 11% to Rs 132 crore

Weak sentiment in domestic market, global banking woes put pressure on the currency.

Rupee slides 1.2%, closes at 49.23

Issuance of six-month certificates of deposit (CDs) by banks rose On Tuesday on rising demand from mutual funds for these papers, dealers said.

Banks issue 6-month CDs as MFs step up buys

After mopping up over Rs 2,500 crore in the first two days, the state-owned India Infrastructure Finance Company (IIFCL) is targeting to raise more than Rs 5,000 crore through tax-free bonds, which opened on January 19 and will close tomorrow.

IIFCL to raise Rs 5,000 cr via tax-free bonds

Government bonds declined the most in more than a week as concerns mounted that debt supply will increase after an official said spurring growth tops the government&rsquo;s agenda.

10-yr yield up 8 bps

The rupee today depreciated further by 9 paise against the greenback in early trade on the dollar gaining strength against some regional currencies and funds outflows from domestic markets in line with Asian bourses, which too opened weak.

Re falls further by 9 paise vs $ in opening trade

With a view to strengthen its distribution, LIC Housing Finance (LICHFL) plans to launch a financial services subsidiary this quarter, a top company official said.

LIC Hsg Fin to launch financial services arm

Housing Development Finance Corporation (HDFC) today recorded a 15.73 per cent decline in its net profit at Rs 546.83 crore for the quarter ended December 31, 2008, as compared to Rs 648.93 crore in the same period last year.

HDFC Q3 net down 16% at Rs 547 cr

Yes Bank, the country's new age private sector bank, has posted a net profit of Rs 105.7 crore for the quarter ended December 31, 2008, as compared to Rs 54.2 crore for the quarter ended December 31, 2007, up by nearly 95 per cent.

Yes Bank Q3 net nearly doubles at Rs 106 cr

State-run UCO Bank today reported a two-fold growth in net profit at Rs 171.63 crore for the third quarter ended December 31, 2008, as compared to Rs 82.78 crore in the same quarter a year ago.

UCO Bank Q3 net up two-fold at Rs 172 cr

Barclays Plc, the UK bank that turned down government funding last year, declined for a seventh straight day in London trading on speculation that it may be forced to take more writedowns and be nationalised.

Barclays falls on nationalisation concern

French President Nicolas Sarkozy agreed to provide a further &curren;10.5 billion ($13.5 billion) in aid to the country&rsquo;s biggest lenders in exchange for their top executives giving up bonuses.

French banks to get $13.5 bn

Foreign direct investment in developing nations will drop by $180 billion, or 31 per cent, this year as a global recession prompts multinationals to cut spending on factories and mines, according to the World Bank.

Emerging markets face $180 bn investment decline

Dewan Housing bid below advisor&rsquo;s valuation; high exposure posing problems.

IDBI Home Finance sale faces hurdles

HDFC, the country&rsquo;s largest housing finance company, today reported a 15.73 per cent decline in its third quarter net profit to Rs 546.83 crore as against Rs 648.93 crore registered in the corresponding period last year.

HDFC net dips 15.7% to Rs 546 cr

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