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City Union Bank stock surges on Q4 numbers

India Infoline News Service | Mumbai | May 25, 2015 16:10 IST

The bank reported 18.9 percent jump in Q4FY15 net profit at Rs. 99.08 crore when compared with Rs. 83.35 crore in Q4FY14.

Canara Bank Q4 net profit at Rs. 613 cr; Net NPA at 2.65%

India Infoline News Service | Mumbai | May 25, 2015 15:15 IST

Total Income has increased from Rs. 1,16,097.20 million for the quarter ended March 31, 2014 to Rs. 1,24,292.10 million for the quarter ended March 31, 2015.

City Union Bank receives repayment of Rs 100 crore from SpiceJet

India Infoline News Service | Mumbai | May 25, 2015 14:30 IST

The loan extended to SpiceJet was around Rs. 200 crore, now that the airline has paid off 50 percent of the payment,the remaining is expected to be finished over a period of time.

ICICI Bank introduces voice recognition for biometric authentication

India Infoline News Service | Mumbai | May 25, 2015 12:09 IST

The-first-of-its kind service by a Bank in the country, it is available to over 33 million customers of its savings account and credit card.

Karnataka Bank targets net NPA of less than 1%: P Jayarama Bhat

India Infoline News Service | Mumbai | May 25, 2015 12:05 IST

The Bank has posted a net profit of Rs. 4514.50 mn for the year as compared to Rs. 3110.30 mn for the year ended March 31, 2014.

Canara Bank gains ahead of earnings

India Infoline News Service | Mumbai | May 25, 2015 12:01 IST

The company is scheduled to announce its results today.The stock is now trading at the highest level of the day - with a jump of over 1.5 percent on the BSE.

BPCL surges after signing pact with SBI

India Infoline News Service | Mumbai | May 25, 2015 10:39 IST

BPCL on Friday after market hours announced that it has entered into a term loan agreement with SBI to set-up a rupee loan facility.

City Union Bank surges in early deals

India Infoline News Service | Mumbai | May 25, 2015 10:05 IST

The bank has reported 18.9 percent jump in Q4FY15 net profit at Rs. 99.08 crore when compared with Rs. 83.35 crore.

ICICI Securities strengthens Corporate Finance Team

India Infoline News Service | Mumbai | May 25, 2015 09:51 IST

ICICI Securities hires Gautam Benjamin as Head Financial Sponsors Group (FSG) and Rikin Sanghvi as Head Pharmaceuticals practice.

Franklin Templeton announces Tax- Free Dividend in Franklin India Balanced Fund

India Infoline News Service | Mumbai | May 23, 2015 16:37 IST

The record date for the dividend is May 29, 2015 and any purchases on or before this date will be eligible for the dividend.

Indian banks adopt social media in a big way

India Infoline News Service | Mumbai | May 23, 2015 14:53 IST

Banks are using the Facebook and Twitter platform, not just to brand themselves, improve visibility or cater to customer needs, but are also offering real-time banking and money transfer facilities on these sites.

India has three layers of defence against volatility: Rajan

India Infoline News Service | Mumbai | May 23, 2015 14:30 IST

"India has three layers of defence against volatility. The first layer of defence against volatile capital is our good macroeconomic environment, which we turned from the situation it was in 2012," Rajan added.

City Union Bank Q4 net profit at Rs. 99.1 crore

India Infoline News Service | Mumbai | May 23, 2015 14:23 IST

Total Income has increased from Rs. 7,206.479 mn for the quarter ended March 31, 2014 to Rs. 7,936.420 mn for the quarter ended March 31, 2015.

RBI forex reserves hit all-time high of $353 bn

India Infoline News Service | Mumbai | May 23, 2015 11:00 IST

Foreign currency assets surged by $ 1.71 bn to $ 329.12 bn.

Bank of India and MasterCard announce new offerings

India Infoline News Service | Mumbai | May 23, 2015 05:38 IST

They have also signed an in principle agreement to offer an innovative range of banking solutions namely In Control for Spend Management and MasterCard Rewards Program which will cater to the ever-evolving digital needs of consumers.

Bulk Deal: Axis Bank trades heavy volume

India Infoline News Service | Mumbai | May 22, 2015 19:27 IST

Nearly 1,89,50,000 shares of the bank was bought by Goldman Sachs for the trade price of Rs. 550. On the other hand, 1,93,06,020 shares of the bank was sold by Europacific Growth Fund. The share price of Axis Bank closed at Rs. 568.65, 0.60% less than the previous close. It hit a high of Rs. 576.65 and a low of Rs. 563.75 during the intraday trade.

Auction of eight state government securities for Rs. 6,850 crore

India Infoline News Service | Mumbai | May 22, 2015 18:23 IST

The auction will be conducted on the Reserve Bank of India Core banking Solution (E-Kuber) system on May 26, 2015 (Tuesday). The Government Stock up to 10 % of the notified amount of the sale of each of the stock will be allotted to eligible individuals and institutions subject to a maximum limit of 1 % of its notified amount for a single bid per stock as per the Scheme for Non-competitive Bidding Facility.

FIIs can invest up to 40% under PIS in Somany Ceramics

India Infoline News Service | Mumbai | May 22, 2015 18:12 IST

The Reserve Bank has stated that the company has passed resolutions at its Board of Directors level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.

FIIs can Invest up to 35% under PIC In Ipca Laboratories

India Infoline News Service | Mumbai | May 22, 2015 17:30 IST

The Reserve Bank further notified that FIIs/RFPIs can now invest up to 35 per cent of the paid up capital of M/s Ipca Laboratories Ltd. under the Portfolio Investment Scheme (PIS).

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Recent Reports

Lower product prices put pressure on earnings

India Infoline Research Team / 14:59, May 20, 2015

GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices

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