Lord Krishna Bank H1 net at Rs 10 crore
Kochi: Lord Krishna Bank has posted a net profit of Rs 10.25 crore at the end of the first half of this fiscal compared to Rs 9.19 crore during the same period last year. Bank managing director R M Nayak said the bank had registered a 11.53 per cent jump in net profit in spite of the expenses for branch expansion and technology upgrading. The bank's total business was more than Rs 2,500 crore at the end of the first half.

The bank's net worth which stood at Rs 119.28 crore during the first half of the last fiscal was now at Rs 131.53 crore against the RBI benchmark of Rs 100 crore. The CRAR at the end of the first half was 15.75 per cent compared to 12.82 at the end of the last fiscal. The total deposits of the bank grew to Rs 1,790 crore compared to Rs 1,449 crore last year. Total advances went up from Rs 666 crore to Rs 740 crore. Despite the declining interest rate scenario, the net interest income as percentage to average working funds had increased from 0.51 per cent to 0.62. Other income had shown a growth of 48.34 per cent.
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Catholic Syrian Bank has a new logo
Kochi: As a part of its brand-building exercise, Thrissur-based Catholic Syrian Bank (CSB) has introduced a new logo and a corporate image. The logo, which was unveiled at Thrissur by Kerala and Lakshadweep banking ombudsman V Krishnamurthy, was part of the 84th foundation day celebrations of the bank. Bank chairman N R Achan said the new logo is to create a new image for the bank and instil the feelings of dynamism and optimism among the bank staff.

About the logo, he said that it had curves, which formed the 'C, S and B' and was designed to communicate harmony, stability and continuity. The design could also be seen as a ripple effect to progress. There was an intentional effort not to make it symmetrical and thus stagnant, he added. About future plans, he said that the bank, which has 293 branches, will expand it to 300 by year-end. It has 15 online ATMs and another 35 were under installation. It also has a deposit of Rs 3,506 crore at the end of the first half of this fiscal and advances were to the tune of Rs 1,471 crore.
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Bank officers' stir over wage revision
Mumbai: The Bank Officers' Association will hold country-wide demonstrations on 4 and 11 December against the "lackadaisical and lukewarm" approach of the Indian Banks Association (IBA) towards resolving the differences on the issues of wage and allowance revision. They will also observe a daylong strike and the date will be finalised in consultation with workmen unions.

A decision on this was taken jointly by the All India Bank Officers' Association (AIBOA), All India Bank Officers' Confederation (AIBOC), Indian National Bank Officers' Congress (INBOC) and National Organisation of Bank Officers (NOBO), said a press release on Thursday. "There is an inordinate delay in resolving the issues viz, income tax on perks, increment distortion, non-revision of halting allowance, hospitalisation expenses etc. The response from the IBA is far from satisfactory," the release said.
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