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  • MOST expects banking cos to post 19% PAT growth in Q2FY13 Oct 13, 2012 03:39 PM IST

    MOST expects banking cos to post 19% PAT growth in Q2FY13

    Motilal Oswal has come with its September quarterly earning estimates for Financials sector. According to the research firm, banking coverage universe is expected to report healthy PAT growth of 19% YoY, largely driven by 23% YoY profit growth from private sector banks.

  • PSU banks' NII likely to grow by 9.5% in Q2: Emkay Oct 13, 2012 11:57 AM IST

    PSU banks' NII likely to grow by 9.5% in Q2: Emkay

    Emkay Global Financial Services has come with its September quarterly earning estimates for Banking and Financial Services sector. According to the research firm, top picks for the quarterly results - HDFC Bank, ICICI Bank and United bank in banking space. Mahindra Finance and CRISIL are our top picks in NBFC space.

  • PSU banks asset quality to remain under pressure in Q2 Oct 09, 2012 02:09 PM IST

    PSU banks asset quality to remain under pressure in Q2

    Dolat Capital has come with its September`12 quarterly earning estimates for financial sector. According to the research firm banks‘ asset quality would remain under stress particularly for state-owned banks.

  • Banking sector results preview for Q2FY13: Angel Broking Oct 09, 2012 12:58 PM IST

    Banking sector results preview for Q2FY13: Angel Broking

    Angel Broking has come with its September`12 quarterly earning estimates for banking sector. According to the research firm banking stocks remained under stress on increased asset quality concerns.

  • IndiaFirst Life Insurance launches MagicBoard Oct 04, 2012 12:55 PM IST

    IndiaFirst Life Insurance launches MagicBoard

    IndiaFirst Life Insurance, a joint venture between two of India's largest public sector banks - Bank of Baroda and Andhra Bank along with UK's leading risk, wealth and investment company Legal & General, today, launched MagicBoard.

  • ICICI Bank, Andhra Bank revise rates; stocks up Sep 13, 2012 09:36 AM IST

    ICICI Bank, Andhra Bank revise rates; stocks up

    ICICI Bank has cut retail term deposit rates by 50 basis points w.e.f September 11, reports CNBC-TV18. At 09:33 hrs ICICI Bank was quoting at Rs 958.80, up Rs 9.80, or 1.03%. It was trading with volumes of 49,990 shares.

  • Andhra Bank slashes interest rates on retail loans Sep 12, 2012 05:00 PM IST

    Andhra Bank slashes interest rates on retail loans

    Andhra Bank slashes interest rates on retail loans. The rate of interest has been reduced on housing loan from 11% to 10.50% upto 30 lakhs, and above 30 lakhs from 11.25% to 10.75%, on mortgage loans from 16% to 15.50%, and on cars from 12.25% to 11.50%.

  • PSU banks performance dismal in Q1 FY13: Dolat Cap Aug 28, 2012 12:14 PM IST

    PSU banks performance dismal in Q1 FY13: Dolat Cap

    Dolat Capital has come out with its report on banking sector. According to research firm in Q1 FY13 on asset quality front, PSU banks performance was quite dismal with sharp jump in gross slippage ratio. SBI, UBI, Andhra Bank and BoI posted highest increase in slippages ratio on sequential basis.

  • Accumulate Andhra Bank; target of Rs 110: Emkay Aug 21, 2012 08:52 AM IST

    Accumulate Andhra Bank; target of Rs 110: Emkay

    Emkay Global Financial Services is bullish on Andhra Bank (ANDB) and has recommended accumulate rating on the stock with a target of Rs 110 in its August 10, 2012 research report.

  • Hold Andhra Bank; target of Rs 100: KRChoksey Aug 17, 2012 06:37 PM IST

    Hold Andhra Bank; target of Rs 100: KRChoksey

    KRChoksey has recommended hold rating on Andhra Bank with a target of Rs 100, in its August 13, 2012 research report.

  • Buy Andhra Bank; target of Rs 121: Magnum Aug 17, 2012 01:16 PM IST

    Buy Andhra Bank; target of Rs 121: Magnum

    Magnum is bullish on Andhra Bank and has recommended buy rating on the stock with a target of Rs 121 in its August 16, 2012 research report.

  • Buy Andhra Bank; target of Rs 145: Dolat Capital Aug 14, 2012 09:59 AM IST

    Buy Andhra Bank; target of Rs 145: Dolat Capital

    Dolat Capital is bullish on Andhra Bank and has recommended buy rating on the stock with a target of Rs 145 in its August 8, 2012 research report.

  • Andhra Bank Q1 net profit down 6% to Rs 362 cr Aug 06, 2012 05:00 PM IST

    Andhra Bank Q1 net profit down 6% to Rs 362 cr

    Public sector lender Andhra Bank's net profit went down by 6% year-on-year to Rs 362 crore in the quarter ended June 2012 due to rising non-performing assets (NPAs) and higher provisions.

  • Banks to post 27% YoY growth in PAT for Q1FY13: Dolat Jul 10, 2012 02:29 PM IST

    Banks to post 27% YoY growth in PAT for Q1FY13: Dolat

    Dolat Capital has come with its June quarterly earning estimates for banking sector. According to the research firm, banks are likely to post 27% YoY growth in PAT for Q1FY13.

  • Banks margins to come under pressure in 1HFY2013: Angel Jul 09, 2012 06:36 PM IST

    Banks margins to come under pressure in 1HFY2013: Angel

    Angel Broking has come out with its June quarterly earning estimates for banking sector. The research firm expects margins to come under pressure in 1HFY2013.

  • Tatas' investment arm picks up banking stocks Jul 09, 2012 06:09 PM IST

    Tatas' investment arm picks up banking stocks

    Business conglomerate Tata group's investment arm has acquired fresh shares of at least two banks, Bank of Baroda and Andhra Bank, and has increased its shareholding of five other lenders.

  • Banks treasury gains to remain healthy at 24% growth: Emkay Jul 07, 2012 02:44 PM IST

    Banks treasury gains to remain healthy at 24% growth: Emkay

    Emkay Global Financial Services has come with its June quarterly earning estimates for Banking and Financial Services sector. According to the research firm, lower NII growth is expected to be driven by sluggish advance growth and 5-15 bps contraction in NIMs led by decline in yield on assets and cost pressures.

  • Rupee ends at 57.12/$; more falls seen Jun 22, 2012 06:11 PM IST

    Rupee ends at 57.12/$; more falls seen

    The rupee hit a record low against the dollar for a second consecutive session on Friday and posted its worst weekly fall in nine months, hurt by dollar demand from oil firms and gold importers as well the broad risk-off sentiment.

  • FinMin appoints 7 new executive directors for PSU banks Jun 18, 2012 05:42 PM IST

    FinMin appoints 7 new executive directors for PSU banks

    The long wait came to an end for the short-staffed public sector banks. The ministry of finance, department of financial services, on Monday finalized seven names in one-go for the post of executive directors (EDs) to fill up the vacancies across banks.

  • Bankers see 0.25% reduction in repo rate on June 18 Jun 08, 2012 04:39 PM IST

    Bankers see 0.25% reduction in repo rate on June 18

    Bankers today said they expect the Reserve Bank to cut its key rates by 0.25% at the forthcoming mid-quarter review given the present need to boost growth.

  • Accumulate Andhra Bank; target of Rs 130: KRChoksey May 10, 2012 03:00 PM IST

    Accumulate Andhra Bank; target of Rs 130: KRChoksey

    KRChoksey is bullish on Andhra Bank and has recommended accumulate rating on the stock with a target of Rs 130 in its May 08, 2012 research report.

  • Andhra Bank Mar '12 profit at Rs 2,998.98 crore May 09, 2012 09:21 AM IST

    Andhra Bank Mar '12 profit at Rs 2,998.98 crore

    Interest earned for the quarter was Rs 2,998.98 crore and net profit was Rs 339.67 crore.

  • Buy Andhra Bank; target of Rs 156: Dolat Capital May 08, 2012 04:53 PM IST

    Buy Andhra Bank; target of Rs 156: Dolat Capital

    Dolat Capital is bullish on Andhra Bank and has recommended buy rating on the stock with a target of Rs 156 in its May 8, 2012 research report.

  • Andhra Bank Q4 PAT seen up 4% at Rs 326.5 cr May 07, 2012 10:47 AM IST

    Andhra Bank Q4 PAT seen up 4% at Rs 326.5 cr

    Public sector lender Andhra Bank is likely to report a growth of just 4% year-on-year in its profit after tax of Rs 326.5 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.

  • Andhra Bank cuts base rate by 25 bps Apr 30, 2012 11:26 AM IST

    Andhra Bank cuts base rate by 25 bps

    Andhra Bank has cut base rate by 25 bps to 10.50% and BMPLR by 25 bps to 14.75% with effect from May 1.

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