Banking Sector

ABN Amro Indian Sector’s Profit Climbs 59%

ABN Amro BankOn the back of an increase in interest and fee-based income, ABN Amro Bank has

Banks Raise FCNR (B) Depository Rates

Mumbai: Union Bank of India (UBI), Bank of India (BOI) and State Bank of India (SBI) have altered the rate of interest on FCNR (B) and NRE (rupee) depository terms w.e.f July 1, 2007.

SBH Boosts NRE Depository Rates

State Bank of HyderabadHyderabad: State Bank of Hyderabad (SBH) has augmented interest

PNB Alters FCNR (B), NRE Rates

Punjab National BankPunjab National Bank (PNB) has increased the rates of interest offered

HDFC Bank Opens 19 Branches In A Day

HDFC BankHDFC Bank has opened 19 branches in a day in Delhi and the National Capital Region (NCR), outdoing its own record of 14 branches in a day in October 2005.

With the launch of 19 branches on Saturday (June 2), the total number of branches in Delhi and NCR has gone up to 116 and to 270 in North India. As on March 31, 2007 the bank had a network of 684 branches and 1,605 ATMs in 316 towns and cities.

HDFC Bank was established in August 1994 as HDFC Bank Limited. As of December 31, 2006, the bank had a India network of 684 branches in 316 cities in India and over 1663 ATM's. The Bank started its operations as a Scheduled Commercial Bank in January 1995.

HDFC's Net Grows By 29%

Housing Development Finance CorporationHousing Development Finance Corporat

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