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BoP: Subdued performance

Nov 15, 2001

Bank of Punjab (BoP), a new private sector bank's financials have taken a severe hit in the second quarter of the current fiscal. A sharp rise in operating expenses and a fall in interest margins have resulted in 65% drop in the bank's net profits in 2QFY02.

Bank of Punjab: A dividend play

Jun 27, 2001

Bank of Punjab (BOP), a new private sector bank, declared a marginal 5% rise in profits on the back of a huge 57% jump in provisioning amount in FY01. The bank's topline however grew sharply by 30%.

Bank of Punjab: On the lookout

Dec 13, 2000

Bank of Punjab Ltd., a new private sector bank, is in the limelight over the past few days on the back of news of the proposed merger of ICICI Bank and Madura Bank. The bank, which has a strong presence in Punjab, Haryana, Rajasthan and Gujarat, is being touted as a possible takeover target.

Bank of Rajasthan reports better results

Feb 9, 2000

Bank of Rajasthan (BOR) has reported a net profit of Rs 25.6 m for the 3QFY2000. This is up compared to the loss of Rs 492.6 m reported in the 3QFY99. Its interest income went upto Rs 959 m for the 3QFY2000 a growth of 14% from Rs 838 m reported in 3QFY99 and its income from fee based activities fell by 15% to Rs 109 m in the 3QFY2000 from Rs 128 m in the 3QFY99.

IDBI Bank courting Bank of Punjab for merger

Dec 24, 1999

The IDBI Bank, promoted by the Industrial Development Bank of India, is reported to be in talks with the Bank of Punjab, another new private sector bank, for a possible merger. The move follows the recent merger between HDFC Bank and TimesBank.

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