Free & Fearless Press – Right of every Indian
The RBI in its quarterly review has left the Repo, Reverse Repo and CRR rates unchanged surprising the market expectations of smaller cuts. While there were some expectations that the apex bank would further loosen its monetary policy in response to faster-than-expected pace of decline in inflation, RBI feels that there is enough monetary currents … Read more RBI Quarterly Review – Repo, Reverse Repo, CRR rates unchanged
Rising delinquencies have indicated a worse performance of the banking sector in the published third quarter results showing an increased gross non-performing assets (NPAs) of the banks at 30% over the corresponding period last year. Riding high on the backdrop of an over Rs 2.60 lakh crore increase in the loans given by the top … Read more Gross NPAs of banks on rise
Rain Commodities (RCOL), one of the leading producers of calcined petroleum coke and cement, has announced that Rain CII Carbon (India) (RCCIL), a wholly-owned subsidiary of the company has implemented ‘Oxygen Lancing’ at its Indian calcination plant. The implementation of ‘Oxygen Lancing’ process would result in substantive fuel savings. The technology would replace the usage … Read more Rain Commodities subsidiary implements Oxygen Lancing
ICICI Bank has reported a 3.41% rise in the net profit to Rs 1,272.15 crore for the December 2008 quarter as against Rs 1,230.21 crore for the December 2007 quarter. The bank’s total income moved up from Rs 10,338.36 crore for the December 2007 quarter to Rs 10,350.62 crore for the December 2008 quarter. On … Read more ICICI Bank reports 3.41% rise in the net profit for Dec’08 qtr
State Bank of India (SBI) has announced the following Unaudited results for the quarter ended December 31, 2008: The Bank has posted a net profit of Rs 24784.20 million for the quarter ended December 31, 2008 where as the same was at Rs 18086.40 million for the quarter ended December 31, 2007. Total Income is … Read more SBI announces Q3 results
Reliance Communications Ltd has announced the following Unaudited Consolidated results for the quarter ended December 31, 2008: The Group has posted a profit after Adjustment of Share of Minority Interest & Associates of Rs 14103.10 million for the quarter ended December 31, 2008 as compared to Rs 13728.30 million for the quarter ended December 31, … Read more Reliance Communications Q3 results – Profits Down QoQ