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Union
Bank Q2 net up 136% to Rs 93 crore
Mumbai: The Union Bank of India (Union Bank) has
reported a steep 136 per cent rise in its net profit at
Rs 93.36 crore for the quarter ended September 2002.
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Union
Bank to team up with StanChart for L/Cs
Mumbai: The Union Bank of India is all set to enter
into an arrangement with Standard Chartered Bank (StanChart)
to issue letter-of-credits through the branches of the
latter in south-East Asian countries.
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BOBL
net rises 12.5% to Rs 9 crore in H1
Chennai: Bharat Overseas Bank Ltd has posted a
12.5 per cent growth in its net profit during the half
year ended September 30, 2002.
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NCR
bags cheque processing orders from ICICI Bank, HDFC Bank
Mumbai: NCR has bagged orders from HDFC Bank and
ICICI Bank for implementing its image-based magnetic ink
character recognition cheque-processing solution ‘ChequeMark’.
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UTI
Bank net up 42% to Rs 80 crore in H1
Mumbai: UTI Bank on Thursday reported a 42 per
cent jump in net profit to Rs 80.15 crore for the first
half of fiscal 2002-03 as compared to Rs 56.32 crore for
the same period in the previous fiscal.
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PNB
bags award for excellent tech
New Delhi: Punjab National Bank (PNB) has bagged
the `Best Bank Award' for excellence in banking technology,
while Canara Bank got a special award in the same category.
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Re
firm; gilts range-bound
Mumbai: The rupee closed almost unchanged on Thursday
at 48.38/39 against the dollar as compared to 48.39 on
Wednesday in the forex market. The supply of the dollar
was seen to be reasonably good in the market, said a forex
dealer.
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Infosys
eyeing global banks for CRM
Hyderabad: Software major Infosys Technologies
Ltd has announced that it is targeting global banks with
its recently launched banking customer relationship management
(CRM) software product - Finacle CRM, which has been designed
to suit the industry requirements.
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Federal
Bank H1 net up 22 pc
Kochi: The net profit of Federal Bank has grown
by 22 per cent to Rs 51.34 crore (Rs 42.12 crore) during
the first half of the current year. The most notable achievement
of the bank was in reducing the net non-performing assets
to 7.36 levels from 9.49 per cent.
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Vysya
Bank Q2 net slips 18.41 pc
Bangalore: The country's first foreign-owned local
bank, Vysya Bank reported a net profit of Rs 18.17 crore
for July-September (second quarter of the current financial
year ). This was lower down by 18.41 per cent sequentially
from Rs. 22.70 crore on the back of increased provisioning.
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IDBI
Bank net up on interest, fee incomes
Mumbai: IDBI Bank has reported a marginal rise
in net profit at Rs 16 crore for the quarter ended September
30, 2002, as compared to Rs 14.7 crore in the corresponding
period the previous quarter.
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Syndicate
Bank moots `structural changes'
Hyderabad: Syndicate Bank could soon find itself
with a surplus staff of around 2,000 and office space
of over four-lakh sq ft.
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Allahabad
Bank IPO fully subscribed
Kolkata: Allahabad Bank's IPO has been fully subscribed,
according to informed sources. The issue on offer was
for mopping up Rs 100 crore. Nearly 90 per cent of the
issue amount was subscribed in the first day itself by
nearly 50,000 retail investors.
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