Q4 Results for Banks

May 12, 2012 | Vijaya Bank’s net profit grew three-fold during the fourth quarter of the last fiscal, on the back of controlled operating expenses. The bank’s net profit stood at Rs 180.99 crore compared with Rs 54.23 crore in the corresponding quarter the previous fiscal. Bank of India (BOI) has reported a near two-fold […]

Share

CRR cut by RBI

CRR Rate Cut by RBI  India’s central bank, The Reserve Bank of India has announced a reduction in the Cash Reserve Ratio (CRR) by 75 basis points on Mar 09, 2012 to boost the slowing economic growth in the country by improving liquidity.  The 75 bps cut would increase the liquidity by Rs 48,000 in the country’s economy. The additional funds […]

Share