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KVB net profit jumps 28%
Karur Vysya Bank has reported a net profit of Rs 75.87 crore for the quarter ended December 2009, registering an increase of 28 per cent over the corresponding period previous year. The bank had reported a net profit of Rs 59.25 crore in the same period last year, Karur Vysya Bank said in a filing to the Bombay Stock Exchange. http://smallpersonalloans.org.uk

BIG TV in talks with Warner, CNN for content acquisition
Anil Ambani Group"s DTH arm Reliance BIG TV is believed to be in discussion with content providers like Max Broadcasting, Warner Home Entertainment Group and CNN to acquire non-film content for its pay per view (PPV) platform.

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TMB to raise Rs 1000 crore
Tamilnad Mercantile Bank (TMB) is targeting a business of Rs 50,000 crore by 2012-13 for which it would require around Rs 1,000 crore capital.
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IDBI scouting for buyouts, two banks on radar

After acquiring United Western Bank three years ago, IDBI Bank is at it once again and has identified two domestic lenders as possible targets. - "MFIs need Rs 2,500 crore to meet norms" - Teri, Sidbi to facilitate Chd engineering cluster - IDBI Fortis Life Insurance to break even by 2015 - IDBI Fortis Life launches incomesurance product - Life premium income jumps 16.6% in H1 - OSFC inks pact with SIDBI to avail of concessional credit Disclosing this, the public sector bank"s Chairman and Managing Director Yogesh Agarwal told reporters here today that talks were on with the two banks. He did not divulge the identities of the two banks. IDBI"s move is in line with the central government"s thinking favouring a consolidation in the Indian banking sector. Agarwal said IDBI does not need to raise funds for the acquisitions but may look at capital raising to finance its business growth. Agarwal said the bank has dropped its earlier plan to sell its Pune-based home loan subsidiary, IDBI Home Finance (IHFL). "It is not on our radar now (sale of IHFL)...It will continue as it is," he said.


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