NEWS FLASH
Property prices in the capital are set to zoom further as Delhi Government on Monday decided to hike the circle rates by up to 250 per cent to check black money in sale and purchase transactions.As per the revised rates approved by Delhi Cabinet, Rs. 2.15 lakh per square metre has been fixed as new circle rate for category A colonies like Defence Colony, Greater Kailash, Gulmohar Park.
Maharashtra Seamless reported net profit of Rs. 81.17 crore for quarter ended September 2011 as compared to Rs. 80.08 crore in the same period last fiscal. Net sales were at Rs. 577.67 crore as against Rs. 407.97 crore in the corresponding quarter a year ago.
Public sector lender United Bank of India today posted 13.7 per cent rise in net profit to Rs. 124.77 crore for the second quarter ended September 30, 2011.
Gujarat Pipavav reported net profit of Rs. 13.21 crore for quarter ended September 2011 as compared to Rs. 10.90 crore in the same quarter a year ago. Total income was at Rs. 97.86 crore against Rs. 99.92 crore in the same period a last fiscal.
UCO Bank today posted 94.14 per cent jump in net profit at Rs. 231 crore for the second quarter of the current fiscal.
The bank had reported a net profit of Rs. 119 crore in the same period last year.
Meanwhile, another state-run bank United Bank of India reported 13.7 per cent rise in net profit at at Rs. 124.77 crore for the second quarter against Rs. 109.74 crore in the same corresponding period.
Chairman and managing director of UCO Bank Arun Kaul told reporters here today that interest income during the current Q2 stood at Rs. 3528 crore as compared to Rs. 2736 crore registering a rise of 28.95 per cent.
Kaul said that the bank had lowered provisioning during the current period at Rs. 480 crore as compared to Rs. 586 crore in the similar previous corresponding period, representing a rise of 18.09 per cent.
Provisioning for standard assets during the present Q2 decreased sharply to 96.75 per cent.
Net interest margin (NIM) of the bank during the period fell to 2.84 per cent from 3.23 per cent in the similar previous period.
CMD of UBI, Bhaskar Sen, said that NIM of the bank during the present period stood at 3.16 per cent from 3.04 per cent in the previous corresponding quarter.
Both the banks would take a decision on RBI's move to deregulate savings interest rates shortly.
TOP 25 BANKS :
| Rank | Company | M-cap Apr-Sep'11 (Rs cr) |
| 1 | State Bank of India | 1,48,196.68 |
| 2 | ICICI Bank | 1,16,297.77 |
| 3 | HDFC Bank | 1,10,504.12 |
| 4 | Axis Bank | 50,909.14 |
| 5 | Punjab National Bank | 34,152.78 |
| 6 | Bank Of Baroda | 33,437.82 |
| 7 | Kotak Mahindra Bank | 33,214.23 |
| 8 | Canara Bank | 22,796.46 |
| 9 | Bank Of India | 21,512.18 |
| 10 | Union Bank Of India | 15,423.43 |
| 11 | IDBI Bank | 12,561.52 |
| 12 | Indusind Bank | 12,207.60 |
| 13 | Yes Bank | 10,417.19 |
| 14 | Oriental Bank Of Com. | 9,733.85 |
| 15 | Indian Bank | 9,463.98 |
| 16 | Allahabad Bank | 9,274.18 |
| 17 | Indian Overseas Bank | 8,360.07 |
| 18 | Central Bank Of India | 7,697.20 |
| 19 | Corporation Bank | 7,624.66 |
| 20 | Andhra Bank | 7,575.69 |
| 21 | Federal Bank | 7,137.07 |
| 22 | Syndicate Bank | 6,488.33 |
| 23 | UCO Bank | 5,600.87 |
| 24 | ING Vysya Bank | 4,482.96 |
| 25 | Karur Vysya Bank | 4,284.68 |
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