The LIBOR Affair - Banksters

How Britain’s rate-fixing scandal might spread—and what to do about it

Source - The Economist

Bank profits in developed world and developing world

While reading news online I came across two interesting news articles.First one was record profit by HDFC Bank in 3rd quarter of FY-2011 and Loss reported by Morgan Stanley in FY-2011.

HDFC reported net profit of 1429 Crore ($283.84 million).

Morgan Stanley reported loss of $275 million.

Irony is amounts reported by both banks are almost same but for HDFC Bank it was quarterly profit and for Morgan Stanley it was yearly loss. You can read detail news at following links.

HDFC Bank :

http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/hdfc-bank-q3-net-up-31-2-at-rs-1429-crore-beats-forecast/articleshow/11551968.cms

Morgan Stanley :

http://www.reuters.com/article/2012/01/19/us-morganstanley-idUSTRE80I0W920120119?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29&utm_content=Google+Reader

Bank on SSBM is here

“BANK ON SSBM” is coming to your city to help you know more about Symbiosis School of Banking Management, Pune. Come interact with the seniors of the college and get all your doubts cleared regarding the admission procedure, the career prospects, the course curriculum, life on campus et al.

So, avail this opportunity and dispel all your doubts and fears.

Come, bank on us!

Arriving at a city near you.

CITY		VENUE		DATE		TIME		CONTACT DETAILS
Pune		Symbiosis Law School, Senapati Bapat Road, Wadarvadi, Pune		11-Dec-11		4 to 6 pm		Rahul Acharekar 7350013992
Ahmedabad		Ahmedabad Management Association, Atira campus,Dr. Vikram Sarabhai marg, opposite IIM A Ahmedabad 380015		13-Dec-11		4 to 7 pm		Mahim Rawat 9689142482
Bengaluru		Institute of Hotel Management, S.J. Polytechnic Campus (EDC conference hall), Seshadri Road, Bengaluru		14-Dec-11		4 to 6 pm		Supragya Munjal 8605589264/9886358365
Delhi		To be announced soon, kindly visit our website for further details. http://www.ssbm.edu.in/		16-Dec-11				Rashmi Sharma 8605402992
Mumbai		St Xavier’s college Mahapalika Marg, Dhobi Talao Mumbai		14-Dec-11		5 to 7 pm		Abhishek Purohit 9833241454
Kolkata		St. Xavier's College , Park Street, Kolkata		14-Dec-11		4 to 6 pm		Keshav Kumar 8698515426
Jaipur		Rotary Club, MI Road,Jaipur		15-Dec-11		5 to 7 pm		Dipti Agarwal 9766944160
Lucknow		Bhartendu Nataka Academy, Gomti Nagar, Lucknow		16-Dec-11		4 to 6 pm		Harsh Saxena 9921064523

Ofiicial Site : http://www.ssbm.edu.in/

Mail to : cit@ssbm.in

Follow us on :

Facebook : https://www.facebook.com/SSBMPune

https://www.facebook.com/pages/Bank-on-SSBM/333278010022579

Pagal Guy : http://www.pagalguy.com/forum/other-exams-xat-iift-irma/70601-ssbm-queries-2012-14-batch.html

http://www.pagalguy.com/forum/other-exams-xat-iift-irma/74965-bank-on-ssbm-2011-event.html

Guest Lecture by Yen Capital

How reliable Rating Agencies are?

To read further click on the following link:

S&P differs with Moody's, upgrades Indian banking sector

Courtesy - Vallabh (CIT Team)