1 november 2003

bank net up 40 per cent
mumbai: an increase in net interest income has helped icici bank post a 40.6 per cent rise in net profit at rs 401.40 crore for the second quarter ended september 30,2003, as compared with rs 285.30 crore in the year-ago period. the net interest income increased 47 per cent to rs 402 crore (rs 307 crore).

bank of baroda q2 net profit up 89 per cent
mumbai: bank of baroda has recorded a 89.16 per cent jump in its net profit for the second quarter of the ongoing fiscal at rs 259.56 crore as compared to rs 137.22 crore in the corresponding period of last fiscal. total income grew during the period to rs 2,049.31 crore (rs 1,907.97 crore).

corpn bank h1 net up 25.1 per cent
new delhi: corporation bank today announced a 25.1 per cent jump in net profit to rs 271.36 crore for the half-year ended september 30, compared to the previous year's corresponding figure of rs 216.91 crore. gross profit went up 18.9 per cent from rs 412.68 crore to rs 490.69 crore.

sundaram finance q2 net rises
chennai: sundaram finance has reported a net profit of rs 14.18 crore for the second quarter of the current year, compared to rs 13.51 crore in the corresponding quarter of last year.

pfc nets rs 1,174-cr profit
new delhi: power finance corporation has recorded a net profit of rs 1,174 crore for the first six months of current fiscal, a massive 127 per cent rise over the corresponding period last year.

indusind q2 net zooms 200 per cent
mumbai: indusind bank has posted a 200 per cent jump in net profit for the second quarter ended september 30,2003, at rs 76.23 crore, against rs 25.38 crore in the corresponding period, the previous year.

travelex to open forex outlets in key cities
mumbai: travelex, the world's largest retail foreign exchange business entity, is all set to open forex outlets in eight major indian cities, which include the four metros.

31 october 2003

syndicate bank to introduce centralised banking facility
mangalore: the chairman and managing director of syndicate bank, mr michael bastian, has said that centralised banking solutions would be introduced in 180 branches of the bank by march next.

kvb net jumps 82 per cent in q2
coimbatore: karur vysya bank's net profit has jumped by 82 per cent to rs 45.36 crore for the quarter ended september 2003 as against rs 24.90 crore registered during the corresponding quarter of the earlier fiscal.

ing vysya life launches special services for nris
kochi: ing vysya life has chalked out special services by setting up guidelines for them to buy life insurance plans from the company, mr yvo metzelaar, managing director and ceo, said.

royal sundaram nets rs 5 crore
chennai: royal sundaram alliance insurance company has made a net profit of rs 5 crore so far this year. the company has earned premium income of about rs 150 crore and expects to close the year with a premium income of rs 300 crore, the company's managing director, mr micky brigg said here on thursday.

federal bank ties up with ecgc for insurance
kochi: the aluva-based federal bank has tied up with ecgc in a corporate agency arrangement to sell insurance cover through the bank's branches. the mou was signed between mr k.p. padmakumar, chairman of the bank and mr s. prabhakaran, executive director of ecgc in kochi in kochi.

moody's upgrades union bank rating
mumbai: the international credit rating agency, moody's investors service, has upgraded the financial strength rating of union bank of india to `d-' from `e+'.

30 october 2003