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HDFC
Bank posts 31% higher first half profit at Rs 172 crore
Mumbai: HDFC Bank on Friday declared a 31 per cent
increase in net profit to Rs 172.1 crore for the half
year ended September 30, 2002 as compared to Rs 131.4
crore in the first half of the previous financial year.
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State
Bank CGMs not keen on inter-circle transfers
Kolkata: Circle-heads or chief general managers
of the country’s biggest public sector commercial
bank, State Bank of India, are reluctant to listen to
the appeal of the bank’s central office for allowing
inter-circle transfers.
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Jalan
for stronger corporate governance norms in NBFCs
Mumbai: The Reserve Bank of India’s governor,
Bimal Jalan, on Friday sought a stronger corporate governance
code specially in deposit taking non-banking finance companies
in order to safeguard interests of the small depositors.
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Share
of private sector in debt placements up: RBI
Mumbai: The share of the private sector in the
private placement market has been growing vis-a-vis the
public sector, even as the share of financial entities
both public and and private
has come down partly because of the limit imposed on raising
of Tier-2 capital by banks.
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Workmen’s
compensation tariff likely to be reworked
New Delhi: For the first time in nearly five decades,
the tariff advisory committee plans to rationalise the
workmen’s compensation tariff used by the general
insurance industry.
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SBI
disburses Rs 1,922-cr housing loans in first half
State Bank of India has disbursed housing loans of nearly
Rs 1,922 crore in the first-half of the current fiscal
and expects to disburse another Rs 2,500 crore in the
second-half, P.N. Venkatachalam, Managing Director (National
Banking Group), told here in the press conference.
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Banks
told to adhere to RBI fiat on IFR
Mumbai: Commerical banks have been asked to adhere
to the RBI directive on maintenance of Investment Fluctuation
Reserves (IFR). The RBI Deputy Governor, G.P. Muniappan,
told a meeting of bank chiefs that some banks were not
complying with the RBI rules and regulations.
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KVB
to focus on fee-based business
Karur: Karur Vysya Bank (KVB), in a bid to increase
its income stream, is planning to focus on increasing
fee-based business, cutting costs and building business
volumes.
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BoI
plans bonds to raise Rs 450 cr
Mumbai: Bank of India plans to tap the debt market
to raise around Rs 450 crore through Tier-II bonds shortly.
A senior bank official said details regarding the tenor
and coupon rate were still being worked out.
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Canara
Bank reduces deposit rates
Bangalore: Canara Bank has brought down its maximum
time deposit rate by 50 basis points to 7 per cent. The
maximum rate is applicable for tenures upwards of 3 years.
However, the bank has retained its minimum time deposit
rates at 4.25 per cent and 5 per cent.
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Vijaya
Bank's on the prowl, targets BoR, BoP
New Delhi: Vijaya Bank is on the lookout for a
north Indian bank to acquire. According to banking division
sources, the bank is chalking out a marketing strategy
to go in for inorganic growth. Market analysts point out
two banks fit into Vijaya Bank’s requirements as
per its balance sheet size.
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