Bank of India has shown a 80 percent increase in net profit during the period July-September with both interest and Non-interest incomes going up. The bank has registered a profit of Rs 7.63 billion as against Rs 4.25 billion last year. Also the total income has shown a rise from Rs 36.03 billion last year to Rs 46.12 billion. While the net interest income rose to Rs 13.63 billion against Rs 9.86 billion a year back, whereby improving the net interest margin from 3.04 percent a year back to 3.2 percent now.

HDFC Bank, India’s second biggest lender by market value, has opened its first full-fledged overseas commercial branch at a new financial district in Bahrain. 

The bank stated that it has chosen Bahrain due to its excellent location, clean, open and transparent regulations, cost-effectiveness, and good bilateral relations between India and Bahrain. 

Amman - Jordanian Prime Minister Nader Dahabi announced Thursday that the government would guarantee all bank deposits in the country until the end of 2009.

"All bank deposits, without any ceiling, will be guaranteed by the government until the end of 2009," Dahabi told board chairmen and general managers of local commercial banks whom he met at the Central Bank of Jordan (CBJ).

Dahabi and CBJ governor Umayyah Touqan assured the bank executives that the country's banking system was not experiencing any liquidity shortage or any credit crisis.

Stockholm - Shares for main Swedish banking groups Nordea, Swedbank and SEB on Thursday declined after they reported third-quarter 2008 results.

While the reports suggested they had weathered the first phases of the financial turmoil, the banks' outlooks were more cautious.

Shares for the three groups initially opened in positive territory but fell off. Swedbank was down 8 per cent and SEB off some 5 per cent early afternoon on the Stockholm bourse.

The fourth major group Handelsbanken, which reported Wednesday, bucked the trend and remained up.

Karur Vysya Bank has informed that it has signed a