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State Bank of India Ltd., the nation’s largest lender, gained the most in more than two months after posting a record profit in the fourth quarter, beating analysts’ estimates. Net income climbed to 40.5 billion rupees ($738 million), or 63 ...
May 18, 2012 at 10:35 | Source: Bloomberg
MUMBAI: India’s central bank likely intervened in foreign exchange markets on Tuesday after the rupee breached the key 54 level against the dollar, nearly hitting its lifetime low, dealers said. India’s Reserve Bank of India (RBI) is ...
May 15, 2012 at 05:03 | Source: DAWN Group
MUMBAI – State Bank of India (500112.BY), the nation's largest lender by assets, Friday exceeded market expectations for its fourth-quarter net profit, driven by strong loan growth and lower provisions against bad loans and cost. The state-run ...
May 18, 2012 at 09:38 | Source: FOXBusiness
MUSSOORIE, India, May 24 (Reuters) - The Reserve Bank of India may consider directly selling dollars to oil marketing companies in an attempt to arrest a further fall in the rupee, which has hit record lows for seven consecutive sessions.
May 24, 2012 at 12:30 | Source: Reuters UK
Union Bank of India may rally to Rs 280 in next 12 -15 months, says PN Vijay, Portfolio Manager, www.askpnvijay.com. Vijay told CNBC-TV18, “Union Bank of India is a midsized public sector bank. It’s based in Mumbai. It’s one of the first ...
May 24, 2012 at 06:46 | Source: MoneyControl.com
REUTERS - The Reserve Bank of India (RBI) announced further measures on Monday to curb speculative trading in the foreign exchange market, but the move failed to halt the rupee's slide to another record low. The administrative measures ...
May 22, 2012 at 09:55 | Source: Reuters India
Brokerage firms have turned bullish on State Bank of India after the public sector lender surpassed expectations to post record profits in the March quarter. The stock witnessed strong gains for a second straight day Monday. Here is what ...
May 21, 2012 at 05:45 | Source: NDTV
May 18 (Reuters) - State Bank of India, the country's biggest lender, beat market expectations with a sharp rise in its fourth-quarter net profit, mainly due to a lower base last year and strong demand for loans. SBI, in which the government is ...
May 18, 2012 at 07:01 | Source: Reuters India
- Net Profit growth supported by steady NII & lower provisions: State Bank of India's (SBI) Standalone Net Interest Income (NII) grew 43.8% yoy and 0.6% qoq to Rs11,591cr in 4QFY2012, mainly due to the shedding of high cost deposits & robust margins.
May 22, 2012 at 17:19 | Source: equitybulls.com
May 21--DHAKA (The Daily Star/ANN) -- Bangladesh's balance of payments (BOP) is in stress, but the country's central bank is not interested at the moment in "swap funds" offered by India due to relatively high interest rates. Swap loans make ...
May 21, 2012 at 13:02 | Source: india.nydailynews.com