Tata Fin net loss at Rs 9.76 cr
Mumbai: Tata Finance has registered a net loss of Rs 9.76 crore for the first quarter ended June 30,2002. The company has changed its accounting year from July - June to April - March.
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Srei International net up 8.25 pc
Kolkata: Srei International Finance has recorded a 8.25 per cent growth in net profit for the quarter ended June 30, 2002 at Rs 2.55 crore, from Rs 2.47 crore during the same quarter of last financial year.
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Third party administrators : Insurance companies call interviews
New Delhi: The travails of the third party administrators (TPAs) are continuing. With General Insurance Public Sector Association (GIPSA) finally deciding to scrap its TPA panel.
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Mild rally in bonds expected: BoA
Mumbai: A mild rally in the bond market can be expected given the flush liquidity conditions, continued primary supply of securities at the long-end of the yield curve, mildly rising headline inflation, steady currency rates.
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ICICI Bank Q1 net at Rs 253 cr
Mumbai: ICICI Bank Ltd has posted a net profit of Rs 252.90 crore for the first quarter ended June 30, 2002 against Rs 65.25 crore in the previous corresponding period.
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Will truck finance give banks the mileage?
New Delhi: A couple of banks may have ventured into commercial vehicle financing as a natural extension of their car financing business, but how successful they will be in this sector is yet to be seen.
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Dhanalakshmi Bank posts higher net in Q1
Kochi: Dhanalakshmi Bank has recorded a 43 per cent increase in operating profits to Rs 15.99 crore during Q1 of the current fiscal from Rs 9.10 crore in the corresponding period last year.
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KVB net up
Coimbatore: Karur Vysya Bank's (KVB) has registered a 13.81 per cent jump in net profit to Rs 22.25 crore during the first quarter of the current fiscal compared to Rs 19.55 crore in the corresponding quarter of the previous year.
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Interest income boosts Q1 net for Allahabad Bank
Chennai: In the first quarter of the current financial year (April-June 2002-03), Allahabad Bank posted a 43 per cent jump in net profit at Rs 28.48 crore as compared to Rs 19.91 crore in the same period of the previous year.
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SBH net rises 44 pc
Hyderabad: State Bank of Hyderabad (SBH) has registered a growth of 44.22 per cent in net profit for the first quarter of current fiscal year ended June 30, 2002 on a marginal growth of 7.72 per cent in turnover.
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APSFC targets Rs 415-cr sanctions
Hyderabad: The Andhra Pradesh State Finance Corporation (APSFC) has targeted to sanction Rs 415 crore and disburse Rs 310 crore for the financial year 2002-2003.
Back to News Review index page   Borrowing limit of PDs in call market to be cut
Mumbai: The Reserve Bank of India has said that borrowing limits of primary dealers in the inter-bank call money market will be reduced in two stages while lending will be permitted only up to 25 per cent of their net owned funds
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HSBC H1 net seen declining 21%
Mumbai: Banking giant HSBC Holdings is expected to report next week that bad debt charges doubled in the first half of the year, dragging down net profit by as much as 21 per cent, as the global economy remained weak.
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Sundaram Finance clocks Rs 9.4-crore net in June-quarter
Chennai: Sundaram Finance Ltd on Wednesday reported a net profit of Rs 9.37 crore for the quarter ended June 30, 2002, marginally up from Rs 9.12 crore it clocked during the same period in the previous year.
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CIFCL to enhance share capital to Rs 70 crore
Chennai: Cholamandalam Investment and Finance Company Ltd has decided to enhance its authorised share capital to Rs 70 crore from the present level of Rs 21 crore.
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Vibank Housing eyes Rs 25-cr loan disbursal
Mumbai: Vibank Housing Finance Limited, a Vijaya Bank subsidiary, is organising a month-long "own your home festival" from Thursday, eyeing to disburse loans to the tune of Rs 25 crore, a top VHFL official said on Wednesday.
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