Banking Sector

Marginal Increase in IDBI Q1 Net Income

Industrial Development Bank of IndiaIndustrial Development Bank of India

Allahabad Bank declared Net Profit of Rs 200 Cr In Q1

Allahabad bankMumbai: Allahabad bank has declared its quarterly earnings on Saturday.

OBC To Focus On Priority Section

Oriental Bank of CommerceKolkata: Hampered by the shocking record in priority segment lending in eastern region, Oriental Bank of Commerce (OBC) held a meeting of all the 44 section heads in the region including West Bengal, Sikkim and Assam to fix up schemes to raise the bank’s exposure towards this sector.

UTI Bank Net Spurts 45.15% In Q1

UTI BankUTI Bank declared a significant rise of 45.15% in net profit for the quarter ended June 2007.

ICICI Bank’s Dubai Link Produces Tepid Interest

ICICI BankICICI Bank was trading nearly flat at Rs 968.90 at after state-owned Dubai International

HDFC Bank Q1 Net Up 34.3% At Rs 321 Cr

HDFC BankMumbai: HDFC Bank Ltd said its net profit for the 2007 first quarter arose 34.3 per cent, hiked up by higher credit expansion that held up ascending interest rates.

Net profit for the April-June period ascended to Rs 321 crore from Rs 239 crore a year earlier.

Total income rose 47.2 per cent to Rs 2,642 crore from Rs 1,795 crore.

HDFC Bank was incorporated in August 1994 and started processes as a Scheduled Commercial Bank in January 1995. As on March 31, 2007, it had a nationwide network of 684 branches and 1605 ATM's in 316 Indian towns and cities.

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