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Finance & Banking News

Public lender State Bank of India has reported 20.9 percent increase in net profit at Rs.4,050 crore during the quarter ended March 31, 2012. The...
18 May, 2012 - 13:39
Indian Government has collected Indirect taxes of Rs.33, 045 crore in April, an increase of 10.4% over a year. The tax collection was increased...
18 May, 2012 - 11:24
The rating agency, Moody Investors Service has downgraded 26 Italian Banks on Monday due to an increase in bad debts. The agency has downgraded long...
15 May, 2012 - 13:28
On a recent visit to India, Mr R. Seetharaman, Group CEO, Doha Bank, shared his perspective on how the Gulf states, particularly Qatar, are a...
15 May, 2012 - 12:19
Indian bank has posted a decline of 21% in its net profit to Rs.345 crore for the quarter ended March 31, 2012 as compared to Rs.439 crore reported...
11 May, 2012 - 16:23
Canara Bank has announced that its net earnings slipped 8% to Rs.829 crore during the quarter ended March 31, 2012 as against Rs.899 crore in the...
10 May, 2012 - 15:53
In order to offset rupee depreciation, the Reserve Bank of India has asked exporters to convert 50% of their foreign currencies into rupees....
10 May, 2012 - 12:45
Union Bank of India has registered a robust growth of 29% in its net profit at Rs.773 crore during the March 2012 quarter as compared to Rs.597 crore...
9 May, 2012 - 13:55
Government has collected Rs.4.93 lakh crore Direct Tax during the financial year 2011-12 as against the estimation of Rs.5.32 lakh crore.The Minister...
9 May, 2012 - 11:38
Dena bank has recorded a robust growth of 62% in its fourth quarter net profit at Rs.255 crore as against Rs.157 crore registered in the same period...
8 May, 2012 - 16:10
Kotak Mahindra Bank has posted a rise of 6% in its consolidated net profit at Rs.521 crore during the quarter ended March 31,2012 as compared to Rs....
8 May, 2012 - 14:31
Bank of India has purchased 51% stake in Bharti AXA Mutual Fund from Bharti Enterprises and Axa Investment Managers Asia Holdings. The transaction...
8 May, 2012 - 14:25
South Indian bank has reported an increase of 37.29% in its net profit at Rs.401.66 crore during the financial year ended March 31,2012 from Rs.292....
8 May, 2012 - 13:38
SKS Microfinance has widened for the fifth straight quarter due to huge bad debt and loan write off. During the March 31, 2012 quarter, the net loss...
8 May, 2012 - 13:03
HDFC net profit has surged 17% to Rs.412 crore during the quarter ended March 2012 as compared to Rs.353 crore in the same period of the prior...
7 May, 2012 - 15:35

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