HDFC Bank net up 31 per cent on higher treasury gains
Mumbai: Buoyed by treasury profits, HDFC Bank recorded a 31% growth in net profit to Rs 98.9 crore during the third quarter ended December 30, '02 against Rs 75.5 crore in the corresponding period of the previous year.
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IDBI Bank to raise Rs 40 crore tier-II funds
Mumbai: IDBI Bank’s board of directors on Wednesday gave an in-principle nod for a Rs 40 crore tier-II capital issue. FE had reported on December 31 that IDBI Bank may look at raising tier-II capital as a stop-gap measure to overcome its immediate capital adequacy requirements.
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Reserve Bank to hold Rs 11,000-crore OMO today
Mumbai: The Reserve Bank of India will conduct open market operations on Thursday, to suck out Rs 11,000 crore from the inter-bank system.
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Central Bank cuts deposit rates by 25 Bps
Mumbai: State-run Central Bank of India has lowered its term deposit rates by 25 basis points for select slabs with effect from January 15.
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Union Bank Of India net rises 45 per cent to Rs 144 crore
Mumbai: Union Bank of India has posted a 45 per cent rise in its net profit for the quarter-ended Dec 2002 at Rs 143.58 crore. It has reported a total income of Rs 1,281.33 crore, which is up 9.06 per cent when compared to that of the same quarter previous year.
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