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Federal Bank: Other income dips

Aug 28, 2002

Federal Bank, south India based old private sector bank, registered a 24% fall in its first quarter profits. The bank's net interest income however, grew by 21% backed by lower borrowing cost and healthy growth in interest income. An over 51% decline in non-interest income however, depressed the bank's bottomline.

Federal Bank: Subdued numbers

May 16, 2002

Federal Bank, one of the South based old private sector banks reported a single digit growth in both profits and interest income for the fourth quarter ended March 2002. The bank' operating profits however soared by 22% as it managed to control operating cost significantly.

Federal Bank: Margins squeeze

Apr 10, 2002

Private banking stocks witnessed a sharp spurt in prices over the last three months. Federal Bank was the star performer in this stunning rally. The bank's stock price, which was hovering near Rs 44, jumped by 130% during the period. Expectations that the bank could be a potential takeover target infused the buying interest.

Private Banks: Will M&A zing last?

Mar 28, 2002

Private banking stocks have rallied in the last three months and most of them are now trading near their 52-week highs. On the other hand, the Sensex declined by 3%, since the beginning of the current fiscal. Expectation of pick up in consolidation activity in the sector has injected buying interest in the sector.

J&K Bank: Strong 3Q performance

Jan 11, 2002

The third quarter earnings season for the banking sector started on a positive note with encouraging financial performance from Jammu & Kashmir Bank (JKB). The bank recorded a 41% rise in earnings and 27% growth in interest income for the nine months ended December 2001.

Federal Bank: Turnaround in first half

Dec 26, 2001

Federal Bank, one of the largest old private sector banks, reported a sharp improvement in overall financial performance during the first half of the current fiscal. The bank's profits before tax doubled due to a rise in interest margins and a triple digit growth in other income.

Banking: Surrounding M&A rumours

Aug 24, 2001

The private banking sector is witnessing rapid consolidation to maximize synergies. The markets are already speculating a new round of consolidation with the banking behemoths out on the street with their shopping bags.

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%.

Federal Bank: Difficult times

May 17, 2001

Federal Bank, one of the largest old private sector bank has reported a 32% jump in profits backed by a sharp rise in operating margins. The bank's profits in the fourth quarter however dipped by 46%.

Federal bank's astounding performance for FY2000

May 26, 2000

Federal bank has recorded fantastic growth in its net profits to Rs 464 m for FY2000 compared to Rs 25 m in the previous period.

Oiling the economic engine...

Apr 15, 2000

The Indian banking sector has never had it so good. The Reserve Bank of India (RBI) decided to make it even better when on the 1st of April it announced a 1 percent cut in cash reserve ratio (CRR) and the bank rate (BR). The RBI also cut the savings rate by 0.5 percent to 4 percent.

Banks want more sops for entry into insurance

Mar 18, 2000

The Reserve Bank of India has recently announced the easing of norms for banks entry into the insurance sector, however these are not enough for the banks. The recent revision of the maximum equity contribution of banks from 30% to 50% does not suffice. The banks are keen that RBI raises this limit further to 74%.

Banks to spur insurance sector competition

Mar 17, 2000

The Reserve Bank of India has eased norms for banks entry into the insurance sector. It has reviewed its earlier guidelines as they were stringent and as a result of which majority of PSU banks were unable to step foot into this sector.

Growth of SBI depends on changes to its Act

Mar 13, 2000

The government's decision to reduce its shareholding in PSU banks in the recent budget to 33% from 51% is still not applicable for State Bank of India (SBI) as it is governed by the SBI Act. Currently RBI's holding in SBI stands at 59.7% and this cannot be brought below 55% unless changes are made to the SBI Act.

Banks entry into insurance to be made easier

Mar 11, 2000

The Reserve Bank of India is reviewing its guidelines for banks entry into the insurance sector. In the earlier draft guidelines of the insurance sector RBI had stipulated a 30% investment limit on the paid up capital of banks. Also it put up stringent norms on non-performing assets of these banks.

"We are not a bank anymore, we are a financial services organisation"

Feb 15, 2000

In an interview to equitymaster.com Mr. C. N. Ram, HDFC Bank's Sr. VP and Head of Information Technology, spoke about the future of Internet banking in India and the prospects of HDFC Bank in particular

Government to reduce stake in public sector banks

Feb 4, 2000

The government is planning on reducing its stake in strong public sector banks to 49%, with a view to bringing the stake down to 26% later on. The definition of a "strong bank" is a three-year continuous profit record and a single digit net non-performing asset (NPA) level.

Bank of Baroda net up 11.6%

Feb 1, 2000

Bank of Baroda has reported a net profit of Rs 1319m a growth of 11.6% for the 3QFY2000. Its interest income went up by 7%, while interest expenses grew by 6.2%. Its net margins have shown marginal improvement.

The Federal Bank Ltd has reported a rise of 50% in net

Jan 27, 2000

The Federal Bank Ltd has reported a net profit of Rs 150.5 m for the nine month period ending December. Inspite of a fall in other income, and a 14% increase in operating expenses profit growth was at 50% mainly due to lower interest expenses.

Centurion Bank posts 249% growth in net

Jan 15, 2000

Centurion Bank has posted a net profit of Rs 90 m for the quarter ended 31st December 1999. The gain is largely attributable to the sharp growth in other income and a slower growth in expenditure.


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