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   MONEY & BANKING
Tuesday, November 06, 2001 
HDFC Standard Life to up equity exposure
  HDFC Standard Life has decided to get a bit aggressive and is prepared to invest up to the maximum permissible amount in its equity exposure in the domestic market.
Union Bank Q2 net profit up 9.38% to Rs 37 crore
  Union Bank of India has posted a 9.38 per cent rise in net profit at Rs 37.32 crore for the quarter ended September 2001. The net profit for the first half of the year is at 100.35 crore, a 35 per cent jump from the previous year’s first half.
   
HDFC Bank to open 20 branches this year
  HDFC Bank will add another 20 new branches by March as part of its plan to increase its geographical reach. Currently, it has a network of 134 branchesx and 310 ATMs.
Punjab and Sind Bank H1 net dips 22 per cent
  Punjab and Sind Bank has registered a 22 per cent fall in its first-half net profit to Rs 18.80 crore. Its total income, though, grew 8 per cent to Rs 725.55 crore for the half-year ended September 30, 2001.

   OTHER STORIES
BNP Paribas, UTI Bank sign pact for sharing ATMs
Hudco reduces interest rates up to 0.75%
Market Round-up
 
   
 
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