Banking Sector

Kotak Mahindra Bank Stock Up, Leads ‘A’ Path Gainers

Kotak MahindraKotak Mahindra Bank bank climbed up 7.70% to Rs 768.05 and led BSE

Lakshmi Vilas Bank Q1 Net At Rs 15.09 Crore

Lakshmi Vilas BankMumbai: Lakshmi Vilas Bank stated that it has recorded a 20 per cent growth in net profit at Rs

IOB Dips In Spite Of Sturdy Q1 Outcome

Indian Overseas BankIndian Overseas Bank turned down 1.3% to Rs 125 regardless of recording a 20.92% increase in net profit in Q1 June 2007 The results were declared during market hours today, 27 July 2007.

Meanwhile, the BSE 30-share Sensex was down 448 points to 15,327 chasing weak global markets.

Nearly, 2.85 lakh shares of the scrip had changed hands on the bourses.

PNB Set To Hike Rates On Term-Deposits

Punjab National BankPunjab National Bank said that it may increase term depository rates b

Adequate Q1 Performance Encourages UBI Stock Value

Union Bank Of IndiaUnion Bank of India advanced 4% to Rs 155.15 in afternoon trading after declaring a 35% increase in net profit in Q1 June 2007. The results were declared during trading hours today, 23 July 2007.

In BSE’s ‘A’ group shares, it was placed on the ninth position.

ICICI Bank Net Jumps 25% On Strong Investment Banking

ICICI BankICICI Bank registered 25% growth in net profit to Rs 7,750.80 million for the first quarter ended June 2007 as against Rs 6,200.1 million in the same quarter of the last year (2006).

The operating income of the India’s biggest private sector lender ascended 50.16% to Rs 75,661.30 million for the quarter from Rs 50,386.30 million in the corresponding quarter, last year.

In comparison, total income for the same period also climbed 46.94% to Rs 92,814.20 million from Rs 63,161.9 million. The earnings per share (EPS) for the same period arose 23.7% to Rs 8.61.