Dena Bank to retail for HDFC MF products
Bangalore: The HDFC Mutual Fund has entered into a strategic alliance with Dena Bank for distribution of its mutual fund (MF) schemes across India.

A joint release has said that the agreement will see the entire bouquet of HDFC Mutual Fund products being offered by Dena Bank at its select branches at 150 centres across the country.
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UBI H1 net up 56 per cent
Kolkata: The United Bank of India (UBI) has posted a net profit of Rs162.08 crore during first half of the current financial year, an increase of 56.1 per cent over the same period previous fiscal.

The bank said that the increase was due to decline in provisioning requirements and rise in non-interest income other than treasury. The bank's overall interest income increased 16.3 per cent to Rs1,329.43 crore in the current H1 as compared to the same period in the previous fiscal.

UBI's total income also increased 5.9 per cent, at Rs1,456.56 crore. Its gross non-performing assets ratio declined from 5.93 per cent in the previous first half to 4.37 per cent in the current H1 and its capital adequacy ratio was 13.37 per cent.

The bank also said that it would explore the option of floating an IPO after its capital was restructured. The bank's total business increased 24 per cent, at Rs48,842 crore, as against its target for the year of Rs55,000 crore.
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Dena Bank Q2 net up 41.35 pc
Mumbai: Dena Bank has posted a net profit of Rs68.75 crore for the second quarter ended September 30, 2006 as compared to Rs48.64 crore reported during the same period last year.

Total income for the quarter has increased to Rs607.57 crore, from Rs514 .37 crore in the year-ago period.
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Bank of Maharashtra Q2 PAT up 396 pc
Mumbai: Bank of Maharashtra has registered 396% growth on its net profit of Rs612.9 million for the quarter ended Sep`06, as compared to Rs123.5 million for the quarter ended September 30, 2005.

Total income has increased to Rs6829.6 million for the quarter ended September 30, 2006 from Rs6295.1 million for the quarter ended September 30, 2005, registering a growth of 8.5%.

The Capital Adequacy Ratio (CAR) of the bank stood at 11.16% in quarter ended Sep`06 as against 11.49% in the corresponding quarter last year.

The amount of net non-performing asset (NPAs) of the bank decreased to Rs3.09 billion as against Rs3.67 billion in the corresponding quarter last year.
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