Shriram Transport Finance Company has reported a 34 per cent increase in the net profit during the third quarter ended December 31, 2008 to Rs 149.31 crore as against Rs 110.70 crore for the same period last year.

Shriram Transport Fin net profit up 34%

Business Standard

Indiabulls Financial Services today said its consolidated net profit for the third quarter ended December 31 declined nearly 58 per cent at Rs 68.06 crore over the corresponding period a year ago.

Indiabulls Fin Services Q3 net dips 58%

Press Trust of India

State Bank of India, the country&rsquo;s largest lender, today reported a 51 per cent rise in consolidated net profit for the third quarter, helped by robust growth in loans and treasury income.

SBI net rises 51% on loan growth, treasury income

ICICI Bank, the country&rsquo;s largest private sector lender, reported a 39.29 per cent rise in consolidated net profit to Rs 1,559.76 crore for the quarter ended December 31, 2008, compared to the year-ago period.

ICICI beats the Street with 39% rise in net

Private sector Dhanalakshmi Bank has successfully wooed several senior professionals from various banks and corporate houses to build a top-quality management team and transform itself into a next-gen banking powerhouse.

Senior ICICI, HSBC, IDFC executives join Dhanalakshmi Bank

Unwilling to divest in a hurry its holding in dividend-paying blue chip companies, Life Insurance Corporation of India (LIC) today asked the insurance regulator Insurance Regulatory &amp; Development Authority (IRDA) for guidance on how and by when it should comply with the regulation to cap an insurance firm's exposure in individual firms at 10 per cent.

No hurry to divest blue chip stakes to below 10%: LIC

As a part of its technological modernisation initiative, the public sector Andhra Bank will cover all the branches in Orissa under the Core Banking Solution (CBS) by end of the current fiscal.

Andhra Bank to cover all branches under CBS by March

Chennai-based IndBank Merchant Banking Services, a subsidiary of Public-sector lender Indian Bank, is planning to open 30 branches and 200 terminals over the next 15-24 months. The bank is also planning to invest Rs 18 crore through equity once the market condition improves.

IndBank plans to open 30 branches

Andhra Bank expects an overall business growth of 23 per cent in the eastern region by the end of this fiscal.

Andhra Bank eyes 23% growth in East

The Centre along with the Reserve Bank of India (RBI) has extended credit to the tune of Rs 7,200 crore to Small Industries and Development Bank of India (Sidbi) for the development of the medium, small and micro enterprises (MSME) sector, which contributes 8 per cent to the country&rsquo;s GDP and 40 per cent to the total exports.

Sidbi gets Rs 7,200 cr for MSMEs

Universal Sompo General Insurance Company Limited, a venture between Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments and Sompo Japan Insurance Inc, is eyeing a 2-3 per cent share in the domestic general insurance market in the next two to three years.

Universal Sompo eyes 3% pie of general insurance market

The Life Insurance Corporation of India (LIC) is all set to pump in an additional over Rs 4,000 crore (about $1 billion) in the equity market by March 2009, a move that could bolster the volatile bourses.

LIC to pump in Rs 4K cr more in stocks by March

According to the RBI report, India's economy may grow at its weakest pace in&nbsp;five years in the current fiscal year, dismantled by the global recession.

Economy may witness moderation: RBI survey

Dutch financial services major ING today said it would slash as many as 7,000 employees globally as part of its cost-cutting exercise, adding that it expects its net loss for the financial year 2008 to be at euro 1 billion ($1.30 billion).

ING to cut 7,000 jobs, expects FY08 loss at euro 1 bn

Barclays PLC said Monday it expects pre-tax profits of over 5.3 billion pounds ($7.3 billion) for the full year 2008 despite writing down 8 billion pounds on bad assets.

Barclays 2008 pre-tax profit over 5.3 bn pounds

This reduced its relative contribution to the real GDP growth, the Reserve Bank of India said today.

Services sector growth in single-digit after 14 quarters

Kharif foodgrains production at 115.3 million tonnes, as per the first advance estimates, is likely to be lower by around five per cent as compared to the previous year, the Reserve Bank of India (RBI) said.

Kharif production likely to be 5% lower: RBI

Financial services major Barclays today said it will write down 8 billion pound relating to credit market exposures in Barclays Capital.

Barclays to write down 8 billion pound

Barclays Plc jumped the most in at least two decades of London trading after saying it won&rsquo;t need funding from the government because revenue increased last year.

Barclays soars after saying it won&#39;t need capital from UK

Forecasters&rsquo; survey puts GDP growth at 6.8% in the current financial year, 6.3% next year.

Slowdown ahead, signals RBI

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

Page 2940 - Finance News

Shriram Transport Fin net profit up 34%

Indiabulls Fin Services Q3 net dips 58%

SBI net rises 51% on loan growth, treasury income

ICICI beats the Street with 39% rise in net

Senior ICICI, HSBC, IDFC executives join Dhanalakshmi Bank

No hurry to divest blue chip stakes to below 10%: LIC

Andhra Bank to cover all branches under CBS by March

IndBank plans to open 30 branches

Andhra Bank eyes 23% growth in East

Sidbi gets Rs 7,200 cr for MSMEs

Universal Sompo eyes 3% pie of general insurance market

LIC to pump in Rs 4K cr more in stocks by March

Economy may witness moderation: RBI survey

ING to cut 7,000 jobs, expects FY08 loss at euro 1 bn

Barclays 2008 pre-tax profit over 5.3 bn pounds

Services sector growth in single-digit after 14 quarters

Kharif production likely to be 5% lower: RBI

Barclays to write down 8 billion pound

Barclays soars after saying it won't need capital from UK

Andhra Bank eyes 23% growth in East