Promoter Holding 75.07% in State Bank of Bikaner & Jaipur

Mumbai, Apr,14: As per the information submitted by the State Bank of Bikaner & Jaipur to stock exchange regarding the share holding pattern of the bank quarter ended December 31, 2010 (Q3) the holding of Foreign Institutional Investor seen down to 1.11 percent from the previous quarter holding of 2.95.The promoter holding increased to 75.07 from 75.00 in previous quarter. Domestic Institutions holding has increased to 4.20 per cent in the Q3 from 2.56 in Q2. However, the other segment including retail shareholding in the share has increased to 19.62 per cent from 19.49 which were reported in Q2. The Bank has reported revenue growth of Rs 12,262.20 million net profit of Rs 1,324.50 million, Earning per Share (EPS) Rs 26.49 and Net Profit Margin percent 10.80 reported in quarter ending December 2010.

Karur Vysya Bank Ltd having 3.51% Promoter Holding

Mumbai, Apr,14: As per the information submitted by the Karur Vysya Bank Ltd to stock exchange regarding the share holding pattern of the bank quarter ended December 31, 2010 (Q3) the holding of Foreign Institutional Investor seen down to 21.43 percent from the previous quarter holding of 21.79.The promoter holding reduced to 3.51 from 3.53 in previous quarter. Domestic Institutions holding has increased to 4.24 per cent in the Q3 from 3.92 in Q2. However, the other segment including retail shareholding in the share has increased to 70.78 per cent from 70.76 which were reported in Q2. The Bank has reported revenue growth of Rs 5,754.90 million net profit of Rs 1,132.20 million, Earning per Share (EPS) Rs 14.86 and Net Profit Margin percent 16.67 reported in quarter ending December 2010.

CRISIL leading Rating Company expects higher interest rates

CRISIL leading Rating Company expects higher interest rates and commodity prices to slow down investment-driven demand in the country, with rising rates moderating retail demand, it said in a statement on Wednesday.

Indian companies' credit quality is peaking and profitability of players in the cement, chemicals, construction, automobile and textile spinning industries may be affected by high input prices, CRISIL said that the External factors, such as surging oil prices due to unrest in West Asia and North Africa and interruption in trade and investments, can have a "large impact on corporate credit quality.CRISIL has modified credit ratio (MCR), an indicator of the relative frequency of upgrades and downgrades, rose for the second year, after plummeting to a decade low in FY09.

However, an improvement in the MCR is likely to be limited, going forward, on higher pressure on profitability and intensifying competition, it said.Increased profitability pressures are expected to continue over the medium-term, it said