Category Archives: Banking

Articles on Banking Industry and related

5 Important Facts Every Bank Locker Holder Should Know

5 Important Facts Every Bank Locker Holder Should Know

In a daring robbery in Harayana recently, thieves broke into Punjab National Bank’s branch in Sonepat, and scooped away jewellery, cash and other valuables from 89 out of 350 lockers. They rented an abandoned house across the street, and dug a 125-ft long, 7-ft high and 2.5 ft wide tunnel to emerge into the locker…Continue Reading

SBI Q2 Profit at Rs.2810 cr, but NPAs falter !

SBI Q2 Profit at Rs.2810 cr, but NPAs falter !

State Bank of India posted Q2 net profit of Rs.2810 crore on higher net interest income (NII), up 12.34% from Rs.2501 crore reported during the quarter ended September 2010. This sparkling second quarter performance was tad above the market expectations. The NII for the quarter stood at Rs.10422 crore, up 28% from Rs.8115 crore a…Continue Reading

Moody’s downgrades Indian Banking outlook

Moody’s downgrades Indian Banking outlook

Moody’s Investors Service downgraded the outlook for the Indian banking system to negative from stable; citing slowdown in domestic economic growth, demand stifled by high interest rate and weaker asset quality affecting profitability. Moody’s vice-president Vineet Gupta quoted his pessimistic outlook as: “With asset quality, given the tightening environment, we anticipate that it will deteriorate…Continue Reading