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Net interest margins to drive SBI's profitability
Buoyed by impressive net interest margins, State Bank of India (SBI), the country's largest lender hopes to post better than expected performance for the third quarter (October-December period) of the current fiscal. SBI's net profit is expected to be over Rs 10,000 crore in 2011-12, a top bank official indicated. “Our net interest income margins are very good. They are touching 3.8 per cent.

Net interest margins to drive SBI profitability

Buoyed by impressive net interest income margins, State Bank of India (SBI), the country's largest lender, hopes for better than expected performance for the third quarter (October-December) of the

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Viom chief quits as graft controversy snowballs

Subodh Bhargava, chairman of Viom Networks, has decided to quit, citing his "discomfort about the speed at which the business was growing". Bhargava's decision comes four months after KPMG submitted a

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TODAY'S PICKS

Nifty Current: 5,362 (February futures: 5,361); Target: NA The index is bullish but hitting resistance at 5,400. One session swing expectations would be 5,225 and 5,475. Stop-loss shorts at 5,400,

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Sensex starts week on strong footing
Indian equities markets started on a positive note Monday with a benchmark index rising smartly to rule 175 points higher in morning trade.

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Banks ask borrowers to cover their personal loans, overdraft facilities

The banking sector, reeling under a rise in non-performing assets (NPAs) from the corporate sector, is seeking to hedge loans to individual borrowers. Increasingly, borrowers are being asked to buy

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