Indian Banking Industry News, Banking Industry, Banking Analysis, Banking Sector, Banking Companies in India
Business Today

Business and commercial activities across India were paralysed as employees of public sector and private banks went on a two-day strike to protest proposed reforms in the banking sector.

For the six months ending June 30, Standard Chartered reported a net profit of $2.8 billion compared to $2.5 billion a year earlier.
Oriental Bank of Commerce has reported 10.3 per cent rise in net profit, while total income increased by 54 per cent for the first quarter ended June 30, 2012.
Interest income during the quarter registered a growth of 26.8 per cent at Rs 10,545 crore.
The bank also saw its loan impairment charges or provisions jump by a huge 81 per cent to $94 million during the reporting period.
The total income of the bank in the first quarter rose to Rs 8,550.03 crore, from Rs 7,293.68 crore a year ago.