Banking Sector

UCO Bank registers 177% surge in net profit during Q4

UCO Bank registers 177% surge in net profit during Q4

Britain's Lloyd's bank reports further writedowns

London  - Britain's Lloyd's Bank Tuesday revealed additional credit crunch losses of 387 million pounds (774 million dollars), taking its total exposure so far to over 667 million pounds.

UBS goes deep into the red in 1st quarter

Zurich  - Swiss banking group UBS reported Tuesday it lost 11.53 billion francs (10.96 billion dollars) in the first quarter of 2008, as the bank felt the effects of the international financial mar

SBI increases interest rates on Deposit of NRE, FCNR

State Bank of India

SBI register 26% increase in Net Profit for Q4

State Bank of India

Italian bank to shift some German operations to Poland

Munich  -  UniCredit's German banking arm, HypoVereinsbank (HVB), is to transfer some of its operations to Poland at a cost of 250 German jobs, the news magazine Der Spiegel reported Saturday.

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