Punjab National Bank (PNB) today announced 100 basis points increase in lending rate and 75-100 basis points increase in Deposit Rates following the Reserve Bank's decision to increase Repo Rate and

Punjab National Bank hikes lending rate by 100 bps

Business Standard

The Manipal-headquartered Syndicate Bank, the 7th largest public sector lender (in terms of total business), today reported 60.18 per cent drop in its net profit at Rs 87.89 crore for the first

Syndicate Bank Q1 net down 60%

A day after the Reserve Bank of India&rsquo;s (RBI) monetary-tightening measures, banks on began raising interest rates, effecting the hike for the second time in a month.
Punjab National Bank (PNB),

PNB, Axis Bank raise rates

Reserve Bank of India Governor YV Reddy brought the central bank &ldquo;ahead of the curve&rdquo; again, just weeks ahead of demitting office, with an &ldquo;extreme&rdquo; interest rate hike so as to

Reddy drives RBI ahead of the curve

Riding on higher interest income, Punjab National Bank (PNB) on Wedesday reported a 20.6 per cent increase in net profit to Rs 512 crore during the first quarter of 2008-&rsquo;09 compared with Rs 425

PNB profit rises 21%

Reliance Capital profit rises 5%
Reliance Capital today posted a 5 per cent rise in consolidated net profit to Rs 343.1 crore in the quarter ended June 2008 against Rs 325.3 crore in the

Reliance Capital, DCB & J&K Bank Q1 results

City Union PAT rises 22 per cent
City Union Bank reported a 22 per cent increase in its profit after tax to Rs 26.24 crore in the first quarter of 2008-09 from Rs 21.36 crore in the same period last

City Union bank & Cholamandalam Q1 results

SREI Infrastructure Finance Limited, which recently entered into a a 50:50 joint venture (JV) with BNP Paribas Lease Group (BPLG), the leasing arm of BNP Paribas, for managing the asset finance and

SREI eyes more JVs

Federal Bank has posted 2 per cent rise in net profit at Rs 68.15 crore in the first quarter of the current fiscal as compared to Rs 66.94 crore in the corresponding period last year.
Total income of

Federal Bank's net rises 2%  at Rs 68.15 cr

The State Bank of India (SBI), India's largest bank, has decided to expand its global operations and expects more than threefold increase in its international business in the next five years, its

SBI aims double digit growth in intl buz in five years: Bhatt

Press Trust of India

Private sector lender Yes Bank today announced a jump of 50.9 per cent in the net profit for the quarter ended June 30, 2008, to Rs 54.33 crore over the year-ago period.
The bank had a net profit of

Yes Bank net up 51% at Rs 54.33 cr

State-run Central Bank of India today announced a decline in its net profit at Rs 59.32 crore for the quarter ended June 30, a 39.6 per cent decrease over the corresponding period a year ago.
The

Central Bank net dips 39% at Rs 59 cr

Country's second largest PSU lender Punjab National Bank today said it does not see any jump in its Net Interest Margin (NIM) in 2008-09, compared to last year's margin following the tight monetary

PNB to maintain last year's level of NIM in 2008-09

Home loan lender, HDFC, has upped its retail prime lending rate (RPLR) by 0.75 per cent to 15 per cent with effect from August 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The increase in RPLR will affect

HDFC ups its retail prime lending rate by 0.75% to 15%

The British Bankers&#39; Association (BBA) decided not to change the way the London interbank offered rate is set, rebuffing investors and strategists who said the measure has become unreliable as a gauge of borrowing costs.

BBA refrains from Libor changes

&nbsp;India's first MF scheme ends its 43-year journey. 
&nbsp;Sharjah-based marketing executive Vijay Raghavan has sent the 264 bonds he got in lieu of the Unit Scheme 64 certificates he held since 1990 to the Special Undertaking of UTI.

Unit Scheme 64: RIP

State-run Union Bank of India (UBI) is planning to launch mobile banking by June-end and has finalised Chennai-based BK Systems as its technology partner to roll out the service, a top UBI official said.

UBI to launch mobile banking

The amount of municipal bonds that have defaulted this year is already more than triple of what it was for all of 2007.

Muni bonds new sub-prime woe

The country's under-utilised rural market holds tremendous growth opportunities for life insurance companies with their revenues expected to grow as much as four times to reach Rs 7,800 crore ($2.9 billion) by 2015, a latest report says.

Rural life insurance to grow 4-fold by 2015

&nbsp;Need for banks to realign credit portfolio triggers spurt. 
&nbsp;After maintaining a low profile in the last two years, the securitisation activity in the country gathered pace in 2007-08.

Securitisation volumes grow 3 times in FY08

Rupee today appreciated strongly by 23 paise to 42.23/24 against dollar in late morning trade on heavy dollar selling by exporters.

Rupee surges by 23 paise

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