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BoI
Q2 net rises 44% to Rs 194 crore
Mumbai: Bank of India has posted a 44 per cent
rise in net profit at Rs 194.43 crore for the second quarter
ended September 2002 on the back of a rise in non-interest
income of Rs 356.08 crore, up 36.76 per cent.
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BoB
Q2 net up 39% to Rs 137 crore
Mumbai: Bank of Baroda on Monday reported 39.39
per cent rise in net profit during the second quarter
of the current fiscal to Rs 137.22 crore, up from Rs 98.44
crore reported in the corresponding period of the previous
fiscal.
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Andhra
Bank Q2 net up 74%
Hyderabad: Andhra Bank has reported a sharp growth
of 73.66 per cent in net profit at Rs 148.08 crore in
the second quarter ended September 30, 2002 as against
Rs 85.27 crore during the same period last year.
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Insurance
cos must refund excess motor premium
New Delhi: Transporters seems satisfied after the
Insurance Regulatory and Development Authority of India
(IRDA) yesterday decided that all general insurance companies
would have to refund the entire excess premium charged
by them from transport operators over the maximum motor
tariff limits stipulated by the regulatory authority.
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RBI
committee calls for ban on securities trading by LABs
Mumbai: A group of banking specialists appointed
by the Reserve Bank of India to review the funtioning
of the LABs recommended that LOCAL Area Banks (LABs) should
be prohibited from trading in Government securities.
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PNB
first-half net at Rs 411 cr
New Delhi: Punjab National Bank has registered
a net profit of Rs 411.09 crore for the first half of
the current financial year ending September 2002 compared
to Rs 329.09 crore registered in the corresponding period
last year.
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UCO
Bank bond placement
Kolkata: UCO Bank is issuing unsecured redeemable
bonds on private placement basis with a view to strengthening
its Tier-II capital structure. The issue size is Rs 100
crore with green-shoe option of Rs 50 crore.
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