Banking Sector

Split Plan Spurs SBI Stock To New Highs

State Bank of IndiaState Bank of India jumped 2.87% to Rs 1592.75 on reports that it is planning to make a holding company for its mutual funds and life insurance business.

About 11.24 lakh shares of the scrip were traded on the BSE counter. The scrip showed an average daily volume of 5.97 lakh shares within the last three months.

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.

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