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IFCI
Records Rs 95-cr Net Loss In Dec Quarter
New Delhi: With its re-engineering exercise taking
shape, IFCI Ltd has registered a small operating profit
of Rs 137 crore for the three-month period of the current
year. It was at Rs 26.92 crore in October-December 2001.
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PNB
plans to demonstrate against defaulters in UP
New Delhi: What may turn out to be trend-setter
for the banking industry, the East Uttar Pradesh Zone
of Punjab National Bank has planned to demonstrate before
the business premises of big loan defaulters to expose
them and to get them to return the loan amount that they
had taken from the bank.
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SHGs
help improve rural banks' finances
Mumbai: Regional Rural Banks avail 100 per cent
refinance from Nabard at 6.5 per cent and lend to self-help
groups at about 12 per cent.
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BoI
Q3 net up 27 pc
New Delhi: Bank of India (BoI) has reported a 27-per
cent rise in net profit at Rs 196.89 crore for the third
quarter ended December, 2002, compared to Rs 155.16 crore
in the corresponding period of the previous year.
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NPA
slide drives Dena Bank net up
Mumbai: Lower
cost of funds and decline in non-performing assets have
helped Dena Bank Ltd record a net profit of Rs 25.04 crore
for the third quarter ended December, 2002 as compared
to a net loss at Rs 1.09 crore in the corresponding period
in the last year.
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European
Investment Bank upbeat on India
New Delhi: The European Investment Bank (EIB),
the long-term financing arm of the European Union (EU)
and the world's largest multilateral funding institution,
has finally given a thumbs-up to India.
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To
fund prepayment of external loans - Govt to place with
RBI bonds for Rs 13,600 cr
New Delhi: The government will go for a private
placement of bonds with the Reserve Bank of India to raise
rupee resources for prepayment $2.8 billion loans to World
Bank and Asian Development Bank.
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AP
Govt floats development loans
Hyderabad: The Andhra Pradesh government has floated
`AP State Development Loans, 2013, which carry an interest
rate of 6.60 per cent
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