In the Q-2 of July to Septmeber, this year, the net profit of HDFC Bank climbed 44% to Rs 528 crore as against Rs 368 crore in the same period last year.
For the very first time, the consolidation results following its merger with Centurion Bank of Punjab, completed in May 2008, was announced by HDFC.
Excellent credit growth was witnessed by the bank during this period. However, the pace of loan growth could be affected due to rise in interest rates to a seven-year high and possibility of an economic slowdown.
Berlin - In a one-day legislative marathon, Germany adopted Friday one of the world's biggest bail-outs, to inject 480 billion euros (650 billion dollars) into shaky banks.
In barely seven hours, both chambers of parliament debated and passed the bill and Germany's president Horst Koehler, gave the bill his assent so it could be gazetted.
Two small opposition parties, the Left and the Greens, opposed the bill in the Bundestag chamber. The Bundesrat upper chamber, representing the 16 state governments, passed the bill unanimously.
The package aims at shoring up confidence in banks following weeks of share market turmoil.
Berlin - With the threat of recession looming large over Germany, the chief of the nation's biggest bank is to forego his bonus for the year, according a media report Friday.
Vienna - Applying Austria's bail-out plan for the first time, leading financial institutions and the government are stepping in to rescue Constantia Privatbank AG, which was faced with a liquidity crunch, the finance ministry said Friday.
Five major Austrian banks are set to take over 100 per cent of the private banking institution that was reportedly suffering from an outflow of capital as major customers shifted their funds to bigger institutions.
In addition, the banks decided to inject 400 million euros (538 million dollars) into Constantia, while the Austrian national bank will contribute 50 million euros.
As foreseen in the Austrian government's banking package, the state will guarantee the capital injection.
State-run Punjab National Bank (PNB) is looking at acquiring a bank in Kazakhstan and also exploring options of a subsidiary in Canada.
Canara Bank, a leading public sector lender has inked MoU with Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), Mumbai.
In the Q-2 of July to Septmeber, this year, the net profit of HDFC Bank climbed 44% to Rs 528 crore as against Rs 368 crore in the same period last year. 
