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ICICI
Bank Q2 net at Rs 285 crore
Mumbai: ICICI Bank on Thursday announced a 13 per
cent rise in its net profit at Rs 285 crore for the quarter
ended September 2002 over the preceding quarter ended
June 2002.
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State
Bank cuts lending rates by 25 basis points
Mumbai: The State Bank of India on Thursday took
the lead to offer cheaper credit to industry. It decided
to slash its prime lending rate, medium-term lending rate
and short-term advance rate, each by 25 basis points across
the board.
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Srei
profit before tax up 20 per cent in first half
Kolkata: Srei International Finance Ltd, the infrastructure
finance and infrastructure project finance company, has
reported a 20 per cent growth in profit before tax for
the first half of 2002-03, compared with the same period
of the previous fiscal.
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Magma
aims at 80 pc rise in business
Kolkata: Magma Leasing Ltd, a mid-segment player
in the truck, car and construction equipment financing
segments, has projected a business of Rs 600 crore for
the current financial year, an increase of nearly 80 per
cent over the Rs 335 crore achieved in 2001-2002
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New
series in Rs 10 notes
Mumbai: The Reserve Bank of India (RBI) will shortly
issue Rs 10 notes in the Mahatma Gandhi series with capital
letter `T' inset in numbering panel bearing the signature
of Dr Bimal Jalan, Governor, RBI.
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Cholamandalam
rights issue to raise Rs 30 cr - Q2 profit up 60 pc
Chennai: Cholamandalam Investment and Finance Co
Ltd (CIFCL), the Chennai-based non-banking finance company,
yesterday announced a rights issue to raise Rs 30 crore.
The board of directors of the company which met here approved
the proposal.
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Ashok
Leyland Finance first-half net up 27 pc
Chennai: Ashok Leyland Finance Ltd has reported
a net profit of Rs 19.07 crore for the first six months
of the current year, which represents a growth of 27 per
cent over the corresponding period of last year.
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IndusInd
posts 2-fold rise in Q2 net profit
Mumbai: Increase in other income helped IndusInd
Bank Ltd to report a two-fold growth in net profit at
Rs 25.38 crore for the second quarter of 2002-03 as against
Rs 12.66 crore in the corresponding period in the previous
year.
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PNB
donates Rs 5 cr to PM Relief Fund
New Delhi: Punjab National Bank (PNB) has donated
Rs 5 crore to the Prime Minister's Relief Fund at New
Delhi yesterday.
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Interest
on recap bonds props up Indian Bank - H1 operating profit
at Rs 198.66 cr
Mumbai: Indian Bank has reported an operating profit
of Rs 198.66 crore for the first six months of the current
year, as against Rs 40.26 crore for the same period last
year.
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Corpn
Bank opens another ATM in Mangalore
Mangalore: Corporation Bank, which claims to have
the second largest ATM network among all the public sector
banks in the country, has opened yet another ATM in Mangalore.
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