HDFC Bank's Q1 FY09 net profit jumps 44.6 percent boosted by Centurion buy India's second largest private sector bank, HDFC Bank has posted 44.6 percent jump in net profit for the fiscal quarter ended June 30, 2008, attributing the surge in earnings to its successful acquisition of smaller Centurion Bank of Punjab. 28 Jul 2008
United Western Bank to merge with IDBI: RBI The race to acquire the beleaguered United Western Bank (UWB) has finally come to an end with Industrial Development Bank of India (IDBI) all set to acquire it, the Reserve Bank of India (RBI) has announced. 19 Sep 2006
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Centurion-Lord Krishna Bank merger approved India's Centurion Bank of Punjab Ltd. (CBP) will acquire privately held Lord Krishna Bank (LKB) in an all stock deal, its Chief Operating Officer Anil Jaggia has announced. 16 Sep 2006
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IPO manipulated by 'opportunists,' says SEBI; action ordered against erring parties Indian stock market regulator, the Securities and Exchange Board of India (SEBI), in its latest crackdown on parties involved in the multi-million dollar Initial Public Offer (IPO) scam has stated that gross violation of the mandatory "know your customer" norm (KYC norm) laid down by SEBI for operators and depository participants hinted that the whole incident was not accidental but a calculated move made by opportunists who sought to make a quick profit. 08 May 2006
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SEBI bans 24 players from securities market for IPO scam role In a move welcomed by market investors, securities market watchdog, Securities and Exchange Board of India (SEBI), has categorically barred 24 key stock operators, including bigwigs like Indiabulls, Karvy Stock Broking and Anagram Securities from operating in the stock market and has banned 12 depository participants (DPs) from opening fresh accounts for their "abusive practices" in the initial public offerings (IPOs) of various companies between 2003 and 2005. 04 May 2006
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Indian markets end up in special trading session Indian shares ended sharply higher in a special trading session Saturday, a day after the local market regulator's move to bar some brokers from trading led to a roller-coaster session. 30 Apr 2006
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India's stock market rattled by trader ban India's stock market opened sharply lower, but then rebounded, after regulator barred several individuals and companies from trading for alleged violation of rules in allotment of initial public offerings of companies. 30 Apr 2006
