Banking Finance News
Karur Vysya Bank net profit in quarter rises 8%
Press Trust of India: Chennai, May 24, 2013 at 1515 hrs ISTFor the financial year ending March 31, 2013, net profit rose by 9.68 per cent to Rs 550.32 crore.
Indian rupee down 10 paise against US dollar
PTI: Mumbai, May 24, 2013 at 1118 hrs ISTIndian rupee today weakened further by 10 paise to 55.69 against the US dollar.Ponzi: RBI, Sebi to get more teeth
Arun S, Ashish Sinha: New Delhi, May 24, 2013 at 0350 hrs ISTSebi will get the power to attach immovable properties, search and seize assets and seek information from any entity...Indian rupee partially recovers after sinking below 56-mark
Press Trust of India: Mumbai, May 23, 2013 at 2156 hrs ISTThere were no signs of RBI intervention today: Ashtosh Raina
Don't panic over the Indian rupee, says Raghuram Rajan
Press Trust of India: May 23, 2013 at 1734 hrsRupee fell below 56-level against US dollar today, forcing top adviser to FinMin to calm markets.RBI to issue Rs 5 coins on Vaishno Devi Shrine Board's silver jubilee
Press Trust of India: New Delhi, May 21, 2013 at 2126 hrs ISTRBI said these coins are legal tender and the existing coins shall also continue to be legal tender.
Reserve Bank of India likely to cut policy rates at its June 17 meeting: Experts
PTI: New Delhi, May 19, 2013 at 1135 hrs ISTBarclays further added that we expect the repo rate to be cut to 7 per cent (another 25 bp cut).‘Srei Infrastructure to buy Austrian bank unit’
VIENNA, May 23, 2013 at 0257 hrs ISTSrei Infrastructure Finance Ltd is poised to buy the domestic banking unit of nationalised Austrian lender Hypo Alpe Adria for euro 65.5 million, the newspaper Die Presse said.
Indian rupee hits 6-month low at 55.41, loses staggering 30p vs US dollar
Press Trust of India: Mumbai, May 21, 2013 at 1823 hrs ISTIndian rupee touched high of 54.80 at initial stages on rally in equities but fell back later.
State Bank of India profit in quarter plunges 18%, NPAs surge, shares drop
Reuters: May 23, 2013 at 1318 hrsSBI, the country's largest lender, posted its first quarterly net profit drop in two years.
Indian rupee at a new 6-month low of 55.83, down 37 paise vs US dollar
PTI: Mumbai, May 23, 2013 at 1001 hrs ISTThe rupee today declined by a hefty 37 paise to trade at a fresh six-month low of 55.83 in early trade.
Saradha group chit fund scam: Sudipta Sen sent to judicial custody
Press Trust of India: May 18, 2013 at 1741 hrsPolice did not seek his further remand for Sudipta Sen, the chairman of the Saradha Group.
Indian Rupee snaps initial gain vs US dollar, down 4 paise
Reuters: May 22, 2013 at 0942 hrsIndian rupee opened higher at 55.35 per dollar as against the previous closing level of 55.41.
ING tests waters to exit ING Vysya, approaches banks to consider deal
ENS Economic Bureau: Mumbai, May 22, 2013 at 0255 hrs ISTING Vysya had exited its life insurance business in India by selling 26 per cent stake.
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