RBI cuts SLR by 1 percent
July 31st, 2012 - 5:24 pm ICT by IANS
New Delhi, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday announced a reduction in the statutory liquidity ratio (SLR) from 24 percent to 23 percent with effect from ... Read more...
Posted in Business |
ICICI Bank quarterly net profit rises 36 percent
July 27th, 2012 - 3:40 pm ICT by IANS
Mumbai, July 27 (IANS) ICICI Bank Friday posted a 36 percent rise in net profit at Rs.1,815 crore for the quarter ended June 30 on strong loan growth and improving ... Read more...
Posted in Business |
Sensex rebounds after government defers GAAR (Roundup)
May 7th, 2012 - 6:58 pm ICT by IANS
Mumbai, May 7 (IANS) A benchmark index for Indian equities markets Monday clawed back into green after Finance Minister Pranab Mukherjee deferred the general anti-avoidance rules (GAAR) by a ... Read more...
Posted in Business |
Sensex falls 193.40 points, banking stocks slump (Lead)
May 7th, 2012 - 4:27 pm ICT by IANS
Mumbai, May 7 (IANS) A benchmark index for Indian equities markets was trading 193.40 points down at around 2.00 p.m. Monday, led by selling pressure in banking, metals and ... Read more...
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Sensex falls 302 points, banking stocks slump
May 7th, 2012 - 2:36 pm ICT by IANS
Mumbai, May 7 (IANS) A benchmark index for Indian equities markets was trading 301.66 points down at around noon Monday, led by selling pressure in banking, consumer goods, metals ... Read more...
Posted in Business |
Sensex falls for second week on earnings and negative cues (Weekly Market Review)
May 5th, 2012 - 6:18 pm ICT by IANS
Mumbai, May 5 (IANS) Concerns over weak earning results, negative global cues and an uncertain regulatory environment weighed heavy on Indian equities markets as a benchmark index closed lower ... Read more...
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Sensex slides 320 points to close below 17,000 (Roundup)
May 4th, 2012 - 6:54 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets Friday slid 320 points to close below 17,000 for the first time in more than three months over ... Read more...
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Sensex falls below 17,000 points (Lead)
May 4th, 2012 - 5:04 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets was trading 300.43 points down at around 3 p.m. Friday, led by selling pressure in banking, consumer goods, ... Read more...
Posted in Business |
Sensex falls, banking and consumer goods stocks slump
May 4th, 2012 - 2:25 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets was trading 126 points down at around noon Friday, led by selling pressure in banking, consumer goods, metals ... Read more...
Posted in Business |
Sensex closes flat; ICICI rallies on Q4 earnings (Roundup)
April 27th, 2012 - 6:42 pm ICT by IANS
Mumbai, April 27 (IANS) A benchmark index for Indian equities markets Friday closed flat amidst choppy trade. ICICI Bank emerged the top gainer after the private lender announced robust ... Read more...
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Sensex closes 0.2 percent higher at 17,392.39 points (Intro Roundup)
April 18th, 2012 - 8:30 pm ICT by IANS
Mumbai, April 18 (IANS) A benchmark index for Indian equities markets closed 34.45 points or 0.2 percent higher Wednesday, a day after the Reserve Bank of India (RBI) announced ... 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 |
Federal Bank to open 100 branches in a single day
March 6th, 2012 - 8:32 pm ICT by IANS
Mumbai, March 6 (IANS) Kerala-based Federal Bank would expand its footprint opening 100 more branches on a single day, March 10, across India, taking the total branch network to 938, ... Read more...
Posted in Business |
ICICI’s third quarter net profit up 20.25 percent
January 31st, 2012 - 4:02 pm ICT by IANS
Mumbai, Jan 31 (IANS) India's largest private lender ICICI Bank Tuesday reported a 20.2 percent rise in net profit for the quarter ending December at Rs.1,728.1 crore from Rs.1,437.02 crore ... Read more...
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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 |
Vodafone, HDFC Bank launch mobile banking in Rajasthan
November 26th, 2011 - 8:10 pm ICT by IANS
Chomu (Rajasthanr), Nov 26 (IANS) Leading telecom service provider Vodafone India and private lender HDFC Bank Saturday launched "m-paisa", a mobile banking service in Rajasthan to enable millions of ... Read more...
Posted in Business |
Kingfishers’ stock rises by two percent
November 21st, 2011 - 2:51 pm ICT by IANS
Mumbai, Nov 21 (IANS) The scrip of the Vijay Mallya-led Kingfisher Airlines Monday rose by two percent on the back of news that the government has asked the Life ... Read more...
Posted in Business |
Moody’s downgrades Indian banks, stocks tumble
November 9th, 2011 - 8:07 pm ICT by IANS
Mumbai, Nov 9 (IANS) Global rating agency Moody's downgraded the outlook for Indian banks saying the asset quality of various lenders could deteriorate in the next 18 months given ... Read more...
Posted in Business |
ICICI Bank Q2 net profit rises 21.6 percent
October 31st, 2011 - 9:16 pm ICT by IANS
Mumbai, Oct 31 (IANS) India's leading private lender ICICI Bank Monday posted an increase of 21.6 percent in net profit at Rs.1,503.19 crore for the quarter ended Sep 30 as ... 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 |
HDFC Bank net profit up 31.48 percent
October 19th, 2011 - 5:50 pm ICT by IANS
Mumbai, Oct 19 (IANS) The country's second largest private lender, HDFC Bank, Wednesday reported a 31.48 percent increase in net profit at Rs.1,199.35 crore in the second quarter ended Sep ... Read more...
Posted in Business |
Reliance Communications bags HDFC’s Rs.1,400 crore order
September 8th, 2011 - 8:17 pm ICT by IANS
New Delhi, Sep 8 (IANS) The Anil Ambani-led Reliance Communications (RCom) Thursday said it has bagged a Rs.1,400 crore order from private lender HDFC for building and maintaining its data ... Read more...
Posted in Business |
HDFC Bank net profit rises 34 percent in first quarter
July 19th, 2011 - 4:36 pm ICT by IANS
Mumbai, July 19 (IANS) The country's second largest private lender, HDFC Bank Tuesday reported almost a 34 percent increase in net profit at Rs.1,085 crore in the first quarter ended ... Read more...
Posted in Business |
HDFC Bank profit soars 33 percent in fourth quarter
April 18th, 2011 - 9:20 pm ICT by IANS
Mumbai, April 18 (IANS) HDFC Bank, India's second largest private lender, said Monday its net profit rose 33.23 percent to Rs.1,114.71 crore in the fourth quarter of 2010-11, led by ... Read more...
Posted in Uncategorized |
Sensex climbs 191 points on positive global cues (Roundup)
March 16th, 2011 - 7:41 pm ICT by IANS
Mumbai, March 16 (IANS) A benchmark index for Indian equities markets advanced over one percent Wednesday, taking cues from the rebound in other Asian markets on bargain buying.The 30-share ... Read more...
Posted in Business |
ICICI Bank’s net profit jumps 30.5 percent in third quarter
January 24th, 2011 - 4:31 pm ICT by IANS
New Delhi, Jan 24 (IANS) One of India's largest private lenders ICICI Bank Monday reported an increase of 30.5 percent in its net profit for the quarter ended Dec 31, 2010, which ... Read more...
Posted in Business |
Sensex holds on to gains (Lead)
January 24th, 2011 - 4:19 pm ICT by IANS
Mumbai, Jan 24 (IANS) A benchmark index for an Indian equities market Monday held on to its gains, about an hour before the closing bell, as bank stocks rose as a ... Read more...
Posted in Business |
RBI may hike key interest rate by 25-50 basis points
January 13th, 2011 - 6:07 pm ICT by IANS
Gandhinagar, Jan 13 (IANS) India's central bank is likely to raise key interest rate by 25-50 basis points when it reviews the monetary policy later this month, said the chairman of the ... Read more...
Posted in Business |
State Bank of India hikes deposit rates up to 150 basis points
December 6th, 2010 - 7:44 pm ICT by IANS
Mumbai, Dec 6 (IANS) India's largest lender, the government-run State Bank of India (SBI) Monday hiked its deposit rates by up to 150 basis points, in a move that should encourage ... Read more...
Posted in Business |
HDFC Bank net profit rises 32.7 percent
October 19th, 2010 - 7:16 pm ICT by IANS
Mumbai, Oct 19 (IANS) India's second largest private lender HDFC Bank Tuesday reported a 32.7 percent rise in net profits at Rs.912.1 crore for the quarter ended Sep 30.Net revenues of the ... Read more...
Posted in Business |
Axis Bank Q2 profit rises 38 percent to Rs.735.14 crore
October 14th, 2010 - 5:05 pm ICT by IANS
Mumbai, Oct 14 (IANS) Private lender Axis Bank said Thursday its second quarter profit jumped 38.27 percent to Rs.735.14 crore on higher interest revenues.The bank posted a net profit of Rs.735.14 ... Read more...
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IndusInd Bank raises $253 mn through QIP
September 27th, 2010 - 10:15 pm ICT by IANS
Mumbai, Sep 27 (IANS) IndusInd Bank Monday said it has raised $253 million through its second Qualified Institutional Placement (QIP) offer.
"This second QIP offering has made the bank well capitalised and it ... Read more...
Posted in Business |
ICICI Bank’s Q1 net profit up 17 percent
July 31st, 2010 - 5:47 pm ICT by IANS
New Delhi, July 31 (IANS) India's largest private lender ICICI Bank Saturday reported an increase of 17 percent in net profit for the first quarter of this fiscal at Rs.1,026 crore as ... Read more...
Posted in Business |
HDFC’s first quarter net profit up 33.9 percent
July 19th, 2010 - 7:41 pm ICT by IANS
New Delhi, July 19 (IANS) India's second largest private lender HDFC Bank Monday reported a 33.9 percent rise in net profit at Rs. 811.7 crore for the first quarter of this fiscal ... Read more...
Posted in Business |
Lending rates will move up over next year: Kochhar
July 19th, 2010 - 5:58 pm ICT by IANS
New Delhi, July 19 (IANS) Loans will gradually become costlier over the next year with demand for credit increasing substantially in the second part of the fiscal, India's largest private lender, ICICI ... Read more...
Posted in Business |