Page 3149 - Finance News
Loan recoveries boost Union Bank's net 57%
Recoveries and upgradation were Rs 627 cr during the period compared with Rs 232 cr in the period last year
SBH net down 8% at Rs 213.43 cr
The bank¿s total income for the quarter rose 16.3% to Rs 3,282 cr, compared with Rs 2,821.91 cr in the year-ago period
Rupee drops to one-and-half month low of 54.25 against dollar
Sustained dollar demand from banks and importers affected the rupee
Inexpensive valuation persuade analysts to recommend 'buy' on PNB shares
It reported close to 12% drop in its July-September net profit on account of 257% rise in provisions for NPA
Corporate debt restructuring cases cross 100-mark in 2012
Data shows a collective debt of close to Rs 64,000 crore
Banks can undertake 'proprietary transactions' in bond mkt: RBI
India has a very advanced G-sec market, but its corporate bond market is relatively underdeveloped
Allahabad Bank Q2 net profit halves
Gross NPA ratio deteriorated 118 basis points y-o-y to 2.95%, while net NPA ratio expanded 141 basis points to 2.1%
Vijaya Bank Q2 net profit drops 39%
The total income for the period went up by 9.6% to Rs 2,301.72 cr as against Rs 2,098.33 cr reported in the same period last year
Money-laundering probe mars HSBC earnings
Bank has set aside $1.5 bn for potential fines and settlements Q3 net profit falls to $2.8 bn against last year's $5.5 bn
Short-term deposit rates may fall on muted loan demand
Banks expecting liquidity tightness to continue despite cash reserve ratio cut
Bank unions set the ball rolling for wage talks
Seek rise in wages and dearness allowance, better provisions for health, housing
LIC looking at PSU equity
Chairman says turnaround has begun in sector expects 10% growth in firm's core business this year