Problems will be resolved once investment is revived: FM
August 18th, 2012 - 4:29 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday said most of the country's economic problems will be solved once investment is revived."Reviving investments is a key challenge ... Read more...
Posted in Business |
SBI profit more than doubles to Rs.3,751.56 crore
August 10th, 2012 - 4:13 pm ICT by IANS
Mumbai, Aug 10 (IANS) The country's largest lender State Bank of India (SBI) Friday said its net profit more than doubled to Rs.3,751.56 crore for the quarter ended June ... Read more...
Posted in Business |
Pranab asks banks to reduce non-performing assets
June 12th, 2012 - 8:45 pm ICT by IANS
New Delhi, June 12 (IANS) Finance Minister Pranab Mukherjee Tuesday asked banks to reduce non-performing assets (NPAs) for the financial health of the sector."I am happy that banks have ... Read more...
Posted in Business |
SBI to approach Moody’s for review and re-rating
May 18th, 2012 - 10:26 pm ICT by IANS
Kolkata, May 18 (IANS) The country's biggest lender State Bank of India (SBI) is mulling to approach global credit ratings firm Moody's Investors Services to "review" its ratings, its ... Read more...
Posted in Business |
HDFC Bank Q4 profit up 30 percent
April 18th, 2012 - 3:40 pm ICT by IANS
Mumbai, April 18 (IANS) HDFC Bank, India's second-largest private lender, Wednesday reported a 30.4 percent increase in its net profit at Rs.1,453.1 crore for the quarter ended March 31, 2012, ... Read more...
Posted in Business |
Reliance Capital Q3 net profit up 229 percent
February 10th, 2012 - 8:22 pm ICT by IANS
Mumbai, Feb 10 (IANS) Financial services major Reliance Capital Friday reported a 229 percent increase in net profit for the quarter ended Dec 31 at Rs.15.2 crore from Rs.4.62 crore ... Read more...
Posted in Business |
HDFC Bank third quarter net profit up 31.2 percent
January 19th, 2012 - 6:08 pm ICT by IANS
New Delhi, Jan 19 (IANS) India's second largest private lender, HDFC Bank, Thursday reported a 31.2 percent increase in its net profit at Rs.1,429 crore for the quarter ended Dec ... Read more...
Posted in Business |
Axis Bank’s net profit up 25.18 percent
October 22nd, 2011 - 6:45 pm ICT by IANS
Mumbai, Oct 22 (IANS) Private lender Axis Bank Saturday reported an increase of 25.18 percent in its net profit for the second quarter of the current fiscal at Rs.920.32 crore, ... Read more...
Posted in Business |
RBI’s rate-hike cycle may continue: Exim Bank
September 16th, 2011 - 10:35 pm ICT by IANS
Kolkata, Sep 16 (IANS) Raising key lending rates by 25 basis points by the Reserve Bank of India (RBI) Friday may not be the last rate-hike by the apex bank ... Read more...
Posted in Uncategorized |
RBI wants to reduce inflation to 6-7 percent
August 12th, 2011 - 10:17 pm ICT by IANS
Kolkata, Aug 12 (IANS) The Reserve Bank of India is looking at bringing down inflation to 6-7 percent in the immediate term, and to between 3-4 percent in the longer ... Read more...
Posted in Business |
Pranab asks banks to improve asset quality
June 17th, 2011 - 8:23 pm ICT by IANS
New Delhi, June 17 (IANS) Expressing concern over the rising non-performing assets (NPAs), Finance Minister Pranab Mukherjee Friday asked banks to adopt better risk management practices and improve the ... Read more...
Posted in Business |
Panel to clean up financial sector laws soon: Mukherjee
November 19th, 2010 - 9:59 pm ICT by IANS
New Delhi, Nov 19 (IANS) The government will soon set up a commission to "rewrite and clean up" financial sector laws, in a bid to make them more relevant to the ... Read more...
Posted in Business |
SBI net profit jumps 25 percent, scrip at all time high
August 12th, 2010 - 4:35 pm ICT by IANS
Mumbai, Aug 12 (IANS) The country's largest lender, State Bank of India, Thursday reported a 25 percent jump in net profit at Rs.2,914.2 crore for the quarter ended June 30, ... Read more...
Posted in Business |
SBI expects 22 percent credit, 15 percent deposit growth (Lead)
May 14th, 2010 - 9:40 pm ICT by IANS
Kolkata, May 14 (IANS) The country's largest lender, State Bank of India, expects credit growth of 21-22 percent and deposit growth of 15-16 percent in the current financial year, a top ... Read more...
Posted in Business |
SBI to open 1,000 semi-urban, rural area branches
March 15th, 2010 - 9:40 pm ICT by IANS
New Delhi, March 15 (IANS) State Bank of India (SBI), India's leading lending institution, plans to open 1,000 branches in rural and semi-urban areas of the country during the 2010-11 financial ... Read more...
Posted in Business |
SBI resumes farm implements loans
May 21st, 2008 - 10:29 pm ICT by admin
Mumbai, May 21 (ANI): The State Bank of India on Wednesday went back on its decision to halt loans for purchasing farm implements, after severe criticism from political parties as well ... Read more...
Posted in National |