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May 23, 2013
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RBS to cut 1,400 jobs over next two years
The Royal Bank of Scotland (RBS) has that it will cut 1,400 jobs over the next two years as part of plans to restructure its retail head office operations in Britain, a media report said.
China, India to be largest investors among developing nations
The report said that China will account 30% while Brazil, India and Russia together will account for another 13 percent of global investment in 2030.
ICICI gets Rs 400 crore from its Canadian arm
Private sector lender ICICI Bank Thursday said its Canadian subsidiary has repatriated Canadian dollars 75 million (about Rs 400 crore) of capital back to the parent.
RBI can buy $9 bn more forex from market: BofA-ML
The Reserve Bank, which had bought USD 840 million of forex in March in an effort to shore up the reserves after a two-year hiatus, has leg room to snap up USD 9 billion more from the market, brokerage Bank of America Merrill Lynch (BofA-ML) said in a report Thursday.
OBC cuts fixed deposit rates by up to 1%
State-owned Oriental Bank of Commerce (OBC) Thursday slashed fixed deposit rates by up to 1 percent on select maturities.
Sensex hits 28-month high as RIL, ICICI Bank gain
The NSE 50-share Nifty also firmed up by 23.15 points or 0.38 percent to close at more-than 30-month high of 6,169.90. Previously, it had closed at 6,194.25 on November 11, 2010.
BSE Sensex rises over 100 points; Nifty hits 30-month high
Also, the wide-based National Stock Exchange index Nifty, surged 29 points to 6,175.
SBT's net profit rises 20.49% at Rs 615.04 cr in FY13
Despite a marginal decline in Net Interest Margin (NIM) from 2.76 percent to 2.56 percent at the end of this fiscal, the bank posted an operating profit of Rs 1,351 crore against Rs 1,249 crore last year.
Realty, bank, auto stocks gain on rate cut hopes
Interest-rate sensitive bank, realty and auto stocks emerged as the day's star performers, notching up gains in the 3-8 percent range, amid hopes of a rate cut by RBI following inflation dropping to over three-year lows.
Jammu & Kashmir Bank Q4 net profit up 20% at Rs 250 cr
The bank had recorded a profit of Rs 208.1 crore in the same period of the previous fiscal, Jammu & Kashmir Bank said in a filing to the BSE.
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