The impact of global sub-prime crisis on Indian banks with overseas operations has prompted the Reserve Bank of India (RBI) to propose cross-border supervision of overseas branches of Indian entities.

RBI seeks cross-border supervision

Business Standard

Swiss banking giants - UBS and Credit Suisse - continue to be pummeled by the unending credit and liquidity bubble.

UBS, Credit Suisse not to scale down India plans

HDFC Bank today said its non-tax provisions and contingencies had risen 74.1 per cent to Rs&nbsp;465 crore in the fourth quarter of 2007-08.

HDFC Bank sets aside Rs 465 cr

Seeking to counter the Congress' manifesto for the Karnataka Assembly polls, the BJP came out with its own freebies on Thursday, promising free power to farmers, colour TVs, rice at Rs 2 per kg for the poor and cybercafes in all villages.

BJP promises free TVs

Andhra Bank today posted a 10.4% drop in its fourth quarter net profit at Rs 124.25 crore as against Rs 138.7 crore in January-March 2007 due to sharp rise in interest costs.

Andhra Bank Q4 down 10% at Rs 124cr

The Reserve Bank of India may relax the asset classification norms for infrastructure loans to push lending for the sector.

RBI may relax NPA norms for infra loans

&nbsp;Of the eight state-run banks, two banks have reported a drop in profits. 
&nbsp;The rising cost of deposits seems to have put pressure on the bottomlines of public sector banks.

Falling net interest income hits PSBs

Vijaya Bank has reported 72% decrease in net profit to Rs 17.78 crore for the fourth quarter ended March 31, 2008, as against Rs 63.60 crore in the corresponding quarter a year ago.

Vijaya Bank net down 72% at Rs 18cr

IDBI today reported 14.7% increase in net profit for the fourth quarter ended March 31, 2008, at Rs 244.99 crore as against Rs 213.55 crore in the corresponding quarter a year ago.

IDBI Q4 net up 14.7% at Rs 245cr

ICICI Bank today reported 14.1% rise in consolidated net profit for the fourth quarter ended March 31, 2008, at Rs 636.12 crore as against Rs 557.63 crore in the corresponding quarter a year ago.

ICICI Bank Q4 net up 14% at Rs 636cr

Bank of India's profit had already crossed Rs 1,250 crore till December 2007, compared to the overall figure of Rs 1,123 crore last fiscal and so it 'would achieve good growth and performance' in the just concluded financial year, a top bank official said here today.

BoI FY08 earnings expected to be good

Press Trust of India

State Bank of Hyderabad (SBH)has reported a 6.67 per cent dip in net profit to Rs 186.23 crore for the fourth quarter from Rs 199.54 crore during the same period last year.

SBH net dips 6.67%

Industrial Development Bank of India (IDBI) has posted 15.02 per cent rise in net profit at Rs 245 crore for the fourth quarter ended March 2008.

IDBI net up 15% at Rs 245 cr

Bangalore-based public sector Canara Bank&#39;s net profit slipped 8.12 per cent to Rs 464.06 crore for the fourth quarter ended March 31, 2008, compared with the corresponding quarter last fiscal.

Canara Bank net down 8.12% on high expenses

Bank suffers MTM losses on credit derivatives exposure; Q4 net profit rises 39 per cent.

ICICI Bank makes additional $45 mn provisioning

Mangalore-based public sector Corporation Bank has reported a robust 73.55 per cent rise in net profit at Rs 205.60 crore for the fourth quarter ended March 31, 2008, compared with the corresponding quarter last year.

Corporation Bank net rises 73% to Rs 205 cr

Vijaya Bank has reported a 72 per cent decrease in net profit to Rs 17.78 crore for the fourth quarter ended March 31, 2008, against Rs 63.6 crore in the yero ago period.

Vijaya Bank profit declines 72%

In order to offer a level playing field to co-operative banks, the Reserve Bank of India (RBI) may allow them to use new products for raising funds from the debt market.

More fund-raising options for co-op banks

The Reserve Bank, which is in an unenvious position due to surging inflation, is bound to be hawkish when it unveils its monetary policy on April 29, experts have said.

Economists split on  hawkish RBI policy

Indian Overseas Bank has posted a modest 5.5% increase in net profit at Rs 306 crore for the quarter ended March 31, 2008, when compared with Rs 290 crore reported in the corresponding quarter a year ago.

Indian Overseas Bank Q4 net up 5%

ICICI Bank defers IPO for I-Sec following clarification.&nbsp;In a move that could significantly ease bank investment in their non-banking activities such as insurance and financial services, the Reserve Bank of India (RBI) has exempted their joint ventures and overseas subsidiaries from an investment limit on affiliates.

RBI eases norms for bank subsidiaries

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