Banking Sector

Bank Of Baroda To Open Four New Branches

Kolkata: Bank of BarodaBank of Baroda is all set to open four novel branches in the eastern

HDFC Bank Stock Rates Fall After Valuing ADR at a Discount

HDFC BankHDFC Bank diluted 0.2% to Rs 1197.15 on pricing its 6.6-million American Depository Receipts at $92.10 each.

The scrip hit a high of Rs 1,218 and a low of Rs 1,192.30 during the day. On 28 May 2007, the scrip touched a 52-week high of Rs 1,274 and a 52-week low of Rs 693.10 on 19 July 2006.

The HDFC Bank stock had developed 10.27% within the one month period to 17 July 2007 as against Sensex’s return of 8.59%. The scrip had outperformed the market over the past quarter, going down 22.41% as compared to the Sensex’s increase of 11.83%.

Marginal Increase in IDBI Q1 Net Income

Industrial Development Bank of IndiaIndustrial Development Bank of India

Allahabad Bank declared Net Profit of Rs 200 Cr In Q1

Allahabad bankMumbai: Allahabad bank has declared its quarterly earnings on Saturday.

OBC To Focus On Priority Section

Oriental Bank of CommerceKolkata: Hampered by the shocking record in priority segment lending in eastern region, Oriental Bank of Commerce (OBC) held a meeting of all the 44 section heads in the region including West Bengal, Sikkim and Assam to fix up schemes to raise the bank’s exposure towards this sector.

UTI Bank Net Spurts 45.15% In Q1

UTI BankUTI Bank declared a significant rise of 45.15% in net profit for the quarter ended June 2007.

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