13 january 2002

uti bank q3 net up 55.27%
mumbai: uti bank ltd has recorded a 55.27 per cent rise net profit at rs 35.76 crore for third quarter ended 31 december, compared to rs 23.03 crore for the same period of previous fiscal.

total income increased to rs 394.04 crore in the reporting quarter as against rs 265.85 crore in q3 of last year.

provisions and contingencies, which includes provision for non-performing assets as well as standard assets made by the bank sharply increased to rs 47.51 crore (rs 2.91 crore in the corresponding quarter of last year).

in the reporting quarter, uti bank has raised additional tier i and tier ii capital of rs 157.59 crore and rs 112 crore respectively.

12 january 2002

hdfc q3 net up 22%
mumbai: housing development finance corporation ltd (hdfc) has increased its profits by 22 per cent in the third quarter.

the company's profit for the quarter have now touched rs 121 crore as opposed to rs 99 crores recorded in the same quarter last year.
on the sales front, hdfc touched rs 665 crores, a rise of almost 15 per cent.

11 january 2002

icici bank launches echeque
mumbai: icici bank has launched `icici bank echeque', an online payment facility under which funds can be transferred from an icici bank account to any other bank account. the facility would initially be available in ahmedabad, bangalore, chennai, hyderabad, kolkata, mumbai, nagpur and new delhi, and would later be extended to seven more cities.