Page 3175 - Finance News

CRISIL downgrades IDF's long-term credit facility

Banks push for consortium lending format

With rise in NPAs, want more corporate loans to go for the arrangement

Strong growth in loan book helps Kotak Bank Q2 net profit rise 16% to Rs 502 cr

Interest margins, treasury profit push OBC net 80%

Corporation Bank to trim bulk deposit level

Bank plans to shed around Rs 8,000 cr bulk deposits in second half of FY13

IOB to merge UCO & Bank of India RRBs Bank IOB's RRB

After the amalgamation the Bank will float a new entity called Odhisa Grammia Bank

UCO, Bank of India RRBs to be merged with IOB's rural bank

New entity called Odisha Grammia Bank ti be formed post amalgamation wirh book size of Rs 10,000 cr

Canara Bank to offer financial literacy classes for KV students

There are more than 1,000 students under Kendriya Vidyalaya

'Citi chairman planned Pandit's exit over months'

Sources cite Chairman Michael O'Neill telling Pandit that the board had ?lost confidence' in him and was given an ultimatum to resign immediately or be fired

ICICI Bank net up 30%

Higher interest income, stable margin help earnings grow

PNB net down 11.6% as NPA provisioning rises

Increase in provisioning towards NPAs by 257% resulted in decline in net profit for the quarter: K R Kamath

NII from treasury and foreign exchange operations drive UBI profit up 16%

The gross NPA ratio went up 40 bps to 3.88%. Higher provisions against bad loans allowed bank to cap the net NPA ratio at 1.95%

PSB net profit tumbles 21%

IDFC profit dips 9%

Non-interest income fell 51 per cent to Rs 137 cr

IOB net down 24%

The bank had to restructure some big accounts, which affected the profit: M Narendra

Corp Bank to sanction Rs 7,000 cr loans in festive season

Bank expects to achieve 40-48 per cent growth in retail portfolio, including home and car loans during the year

Corp Bank seeks RBI nod to open branches in Dubai, Hong Kong

Currently, Corporation Bank does not have any branch abroad

UBS plans to cut up to 10,000 jobs

Fixed income unit to be separated, wound down cuts would follow more than 3,500 already announced

Bankers want RBI to focus more on growth in review

The Reserve Bank's second quarter monetary policy review is scheduled for October 30

Market would prefer a CRR cut

Favours this to action on policy rates, given tight liquidity, says this is likely to lead to less borrowing cost