Corpn Bank Q2 net up 27% to Rs 119 crore
Mangalore: The Mangalore-based Corporation Bank has posted a 27.3 per cent rise in net profit to Rs 118.70 crore for the quarter ended September 2002.
Back to News Review index page  

Syndicate Bank posts Rs 143.54 crore net profit in H1
Mangalore: Syndicate Bank has posted net profit of Rs 143.54 crore in the first half of FY 2003 compared to Rs 128.14 crore in the corresponding period of 2001-2002.
Back to News Review index page  

Crisil report pegs GDP growth at 5-5.2 per cent
New Delhi: The country’s gross domestic product will grow at 5-5.2 per cent and inflation will touch 3.5-4 per cent in the current fiscal, according to Crisil’s Center for Economic Research’s mid-year outlook.
Back to News Review index page  

Drought adds to bank NPAs in Maharashtra
Mumbai: Non-performing assets of banks in Maharashtra, particularly that of regional rural banks, have gone up due to drought in the state during 2001-02, according to the information provided by a few banks to the Lok Sabha Estimates Committee.
Back to News Review index page  

RBI cautions public on schemes
Mumbai: The RBI cautioned the public against investing in certain schemes floated in a manner such as sale of Internet products, multi-level marketing, network marketing, voluntary gift and multi-link investment which are banned under the provisions of prize chits and money circulation schemes(banning) act, 1978.
Back to News Review index page  

SyndicateBank to network 200 branches
Mangalore: Syndicate Bank has chalked out an technology adoption programme involving investments of around Rs 100 crore to be spent over the next 18 months. The bank proposes to implement the centralised banking solution (CBS), envisaging networking 200 of its strategic branches spread across the
country.
Back to News Review index page  

Peerless ties up with MetLife for savings bond
Kolkata: Peerless General Finance & Investment Company Ltd, the oldest and largest residuary non-banking company in the country, has tied up with MetLife India Insurance Company Pvt Ltd to offer free life insurance cover to those who purchase the Peerless Life Savings Bond.
Back to News Review index page  

UCO Bank H1 net up 17 pc
Mumbai: In the first-half of the current financial year (April to
September), UCO Bank posted a 37-per cent growth in operating profit (before provisioning and contingencies) to Rs 272 crore as compared against Rs 197 crore in the same period the previous year.
Back to News Review index page