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

State-run lender Bank of Baroda says it plans to open 15 new international branches this fiscal, all of them in countries where it already has a presence.

 
 
The 5.5 year fixed rate note carry a coupon of 4.75 per cent, ICICI Bank said in a statement. These notes were issued through the bank's Dubai branch.
The Asia-focused bank said both its consumer banking and wholesale banking division posted "good momentum" in the quarter ended March 31.


 
 
The present cash allowance consisting of leave travel allowance, house rent allowance and medical reimbursement has been clubbed into supplementary allowance.
Public sector lender Union Bank of India reports a marginal increase of 0.69 per cent in net profit to Rs 597.6 crore for the fourth quarter ended March 31, 2011.
Revenues for the first quarter of 2011 increased 31 per cent to $75.8 million from $57.9 million in the first quarter of 2010.
Total income rose 31.2 per cent to Rs 8,586 crore in the latest quarter compared to Rs 6,460.7 crore in the same period last year.


The Reserve Bank has capped interest rates charged by micro finance institutions from small borrowers at 26 per cent, but opened the bank credit line for MFIs.
Advertisement