Briefly Business: J&K Bank Q4 net profit up by 50%

J&K Bank posted a net profit of Rs 208.12 crore for the quarter ended March 2012,up 50.20 per cent from the corresponding period last year

Written by Press Trust Of India | Published: May 13, 2012 12:26 am

J&K Bank Q4 net profit up by 50%

SRINAGAR: J&K Bank posted a net profit of Rs 208.12 crore for the quarter ended March 2012,up 50.20 per cent from the corresponding period last year. For the financial year ended March 2012,the bank’s net profit grew 31 per cent at Rs 803.25 crore.

Citi unveils new retail product

MUMBAi: Citibank India launched ‘Citibanking’,a new retail banking product that comes with features such as zero withdrawal charges at any Citi ATM worldwide,zero fees on services like drafts and funds transfer and emergency cash assistance at overseas branches.

Union Bank cuts BPLR by 50 bps

MUMBAi: After cutting its base rate last month,Union Bank of India (UBI) on Saturday slashed interest rates on loans under the older prime lending rate (BPLR) by 0.50 per cent.

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