State Bank of Patiala net profit up by 28.48 %
May 6th, 2009 | By admin | Category: Breaking News, Business News, India News, Punjab NewsIndian banks have raised around 13.05 billion rupees via Certificates of Deposit on Wednesday, Thomson Reuters data showed. State Bank of Patiala, an associate of the country’s largest lender State Bank of India, sold around 5.21 percent one-year notes to raise 1.5 billion rupees, while IndusInd Bank and IDBI Bank raised around 500 million rupees each.
United Bank of India has raised 4.5 billion rupees by selling six-month notes carrying a coupon rate of 4.49 percent. Andhra Bank has raised 2.3 billion rupees of 4.4 percent six-month notes. Punjab & Sind Bank had sold 2 billion rupees of 4.49 percent six-month notes and Central Bank of India sold 1.75 billion rupees of 5.25 percent one-year notes.