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Unitech Ltd. (UT), an Indian property developer, accused Deutsche Bank AG of selling it an interest- rate swap that wasn’t suitable and wasn’t properly explained, according to a London lawsuit over a $150 million loan deal. Unitech filed a ...
May 28, 2012 at 14:05 | Source: Businessweek
Magnum is bullish on Indian Overseas Bank and has recommended buy rating on the stock with a target of Rs 885 in its May 22, 2012 research report. “Indian Overseas Bank, net interest income (NII) for FY12 up 11.15% to Rs 6,909 cr from Rs 6,216 ...
May 28, 2012 at 06:13 | Source: MoneyControl.com
The central bank has licensed a new commercial bank, the State Bank of India (SBI). SBI will become the tenth bank to run commercial banking activities in the country, Mmegi can reveal. Although no confirmation could be obtained from the public relations ...
May 25, 2012 at 15:13 | Source: Mmegi Online
Following is a table showing certificate of deposits dealt by Indian companies. The data has been provided by NVS Brokerage Ltd.and Trust Financial Consultancy Services. Date Security Mty Date Qnty Rate Buyer Seller CTRB 23-May-12 ALLAHABAD 28 ...
May 23, 2012 at 12:24 | Source: Bloomberg
South Indian Bank Ltd was incorporated on January 25, 1929, and is one of the oldest banks in South India. Bank's Head Office is located at Thrissur, Kerala. It is one of the first private sector banks in Kerala to become a scheduled commercial bank in 1946.
May 22, 2012 at 17:19 | Source: equitybulls.com
MUMBAI May 25 (Reuters) - The Indian rupee headed for a second session of gains on Friday, continuing its recovery from the record lows hit this week, after the central bank stepped in to defend the currency, while exporters and custodian banks ...
May 25, 2012 at 09:30 | Source: Reuters India
Indian Bank reported a dismal performance for 4QFY2012, both on the operational and asset quality front. The bank's net profit declined by 21.3% yoy (34.3% qoq) to Rs.345cr, despite being aided by tax write back of Rs.110cr, on the back of ...
May 16, 2012 at 18:30 | Source: equitybulls.com
Chennai, May 11 (IANS) State-owned Indian Bank hopes to convert a sizeable portion of its non-performing assets (NPA) into performing assets during the current fiscal, a top bank official said Friday. Most of our NPA are 'soft' ones, that is, it ...
May 11, 2012 at 14:18 | Source: Smash Hits.com
Starting next month, Indian-born investment banker Anshu Jain; and Juergen Fitschen, a longtime Deutsche Bank official, will jointly run the company as co-CEOs. Reportedly, the unusual dual CEO structure was adopted in order to give Jain -- who ...
May 14, 2012 at 13:39 | Source: International Business Times
OKLAHOMA CITY, May 17 (UPI) -- The Cheyenne and Arapaho Indian tribes have filed a lawsuit against an Oklahoma district judge and an Oklahoma bank for freezing some $6.4 million in funds. The tribes amended their suit against First Bank and ...
May 17, 2012 at 16:56 | Source: United Press International