The Hindu : Friday, June 21, 2002

Online edition of India's National Newspaper
Friday, June 21, 2002

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SBI net soars by 52 p.c.
KOLKATA. JUNE 20. State Bank of India has posted a 51.5 per cent rise in net profit at Rs. 2,431 crores in 2001-02 against Rs. 1,604 crores in 2000-01. The bank's operating profit has registered an identical growth at Rs 6,044 crores against Rs. ...

Infosys acquires U.S. banking unit
MUMBAI, JUNE 20.The Bangalore-headquartered IT company Infosys Technologies has bought the Trade IQ product division of IQ Financial Systems Inc, a Deutsche Bank-owned outfit, in a $3.9 million all cash deal. The deal would help the IT company ...

Merger of Benares State Bank with BOB approved
MUMBAI, JUNE 20.The Union Government today approved the amalgamation of Benares State Bank Ltd. (BSB) with Bank of Baroda (BOB). In terms of the notification, the existing depositors would be paid in accordance with the scheme of amalgamation ...

ING to raise stake in Vysya Bank
MUMBAI, JUNE 20. The ING Group has announced that it proposes to purchase additional shares in Vysya Bank Ltd. from the GMR group for Rs. 340.80 crores. ING is proposing to enter into an agreement with GMR to purchase 23.99 per cent of total ...