Corp Bank Q1 net up 23% at Rs 177 cr

Corporation Bank on Saturday posted 22.78 per cent increase in net profit at Rs 177.11 crore for the quarter ended June 2007, as compared to Rs 144.24 crore for the same quarter last year.

The total income increased 38.39 per cent to Rs 1,238.83 crore for the first quarter ended June 2007, from Rs 895.11 crore a year ago, Corporation Bank informed the BSE.

Shares of Corporation Bank closed at Rs 360.10, up 1.15 per cent on the BSE yesterdray.

Car sales up 16% in June

Domestic passenger car sales in June grew by 16.36 per cent at 94,002 units as against 80,784 units in the same month a year ago.

Domestic motorcycle sales during the month were at 4,37,776 units as against 5,28,499 units in June 2006, down by 17.17 per cent.

Total two-wheelers sold in the country during June stood at 5,64,971 units, registering a dip of 10.66 per cent as compared with 6,32,373 units sold in the year-ago period.

Domestic sales of commercial vehicles during the month were up by 4.15 per cent at 35,390 units as against 33,980 units in the corresponding month a year ago.

IDBI - Q1 results on Jul 18, 2007

Industrial Development Bank of India Ltd (IDBI) has informed BSE that a meeting of the Board of Directors of the Bank will be held on July 18, 2007, for considering the un-audited financial accounts of the Bank for the quarter ended June 30, 2007 (Q1), subject to a Limited Review by the auditors.

The stock closed at 117 down Rs. 2 today at stock market.

HDFC Bank announces Q1 results

HDFC Bank Ltd has announced the following unaudited results for the quarter ended June 30, 2007:

The Bank has posted a net profit of Rs 3212.30 million for the quarter ended June 30, 2007 as compared to Rs 2393.00 million for the quarter ended June 30, 2006. Total Income has increased from Rs 17952.10 million for the quarter ended June 30, 2006 to Rs 26417.00 million for the quarter ended June 30, 2007.

The stock closed at 1151 down 16 ( 1.5% ) following its results.