Yes Bank has seen a 30.2% increase in its net profit for the March quarter, due to strong growth in advances and growth in low-cost CASA deposits.

Refusing to clear the air on the buzz around the bank acquiring a microfinance lender, Sobti said the bank’s microfinance portfolio will grow to Rs 10,000 crore from Rs 3,000 crore over the next three years.

The offer at `275 per share is 17.6% less than its closing price of `334 on Monday.

Interview: Mrutyunjay Mahapatra, deputy MD and chief information officer, State Bank of India.

Kotak Mahindra Bank on Thursday reported a surge in its first quarter net profit while maintaining the asset quality.

Opec, Russia and other non-Opec producers — an alliance known as Opec+ —agreed to reduce supply by 1.2 million bpd from January 1.

In contrast, Indonesia’s improving fiscal status and aggressive monetary policy stance in the face of global headwinds have burnished the nation’s assets in the eyes of investors.

NII is the difference between interest earned and interest paid by a bank. The lender’s asset quality improved q-o-q with gross non-performing assets (NPA) of 17.36%, down 10 basis points over Q2FY19.

At the end of December 2018, Suuti held a 9.56% stake in Axis Bank. The OFS is part of the government’s move to meet its disinvestment target of Rs 80,000 crore for FY19.

The bank has witnessed asset quality weakening further in December quarter with the gross non-performing assets (NPA) as of December 2018 increasing to Rs 4,056 crore (8.49%) compared to Rs 2, 663 crore (5.95%).

Fino Payments Bank aims to break even in the next 18-24 months, executive vice president and head-products & alliances Ashish Ahuja tells Mitali Salian.

he bank said it has purchased loans aggregating Rs 19.24 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation, during the quarter ended March this year.

Established in February 2009, Star Union Dai-ichi Life’s (SUD Life) premium income stood at Rs 1,211 crore, while its profit after tax stood at Rs 55 crore during April-December 2018-19.

The Indiabulls board has constituted a reorganisation committee headed by SS Mundra, independent director on the board of Indiabulls and former RBI deputy governor, to undertake necessary decisions in relation to the proposed merger.

The initial price guidance stood at 210 bps over the US Treasury. The bank indicated that with 3.5 times over-subscription, the final price tightened by 25 bps.

Even as banks see a rise in core income and a drop in fresh bad loans, they may see a fall in non-interest income, with treasury income falling sharply on a sequential basis.

CAI’s current estimates for the North Zone, Madhya Pradesh, Telangana and Andhra Pradesh are lower by 1 lakh bales each compared to its previous month estimate.

Banana accounts for as much as 60-65% of the green exports from Kerala and the rest are vegetables. Of the banana varieties, nenthran plantain leads the food preferences of Kerala’s 20 lakh diaspora families fanning out in the GCC countries.

Industry members claim that the turnaround time after loan sanctions through the portal has been long. In a meeting with finance minister Nirmala Sitharaman earlier this month, an industry association raised a complaint to this effect.

The extent to which banks are using data to lend to SMEs can grow dramatically as almost every bank is working towards this initiative as there is a big opportunity, said the SBI chairman.

No potato needed

“The export without permission would have violated the law, thus, enforcement of such award would be violative of the public policy of India”, the SC said.

The world must use this opportunity to fund global public goods and rebuild global systems to fight the right battles.

In India, which is the biggest democracy in the world with over 1.3 billion people, the question of public health has never been debated in public.

Building infrastructure to enable remote working will boost economy.

With the lockdown gradually easing, mobility data has begun to tick higher. But, a sudden rise in the Covid-19 proliferation rate, and working capital requirements, may add more road bumps ahead

India is better placed to manage uncertainty arising from different monetary policy...

NEW CASTLE (5 de mayo de 2020) – El 1 de mayo, la División de Servicios Sociales fue aprobada por el Departamento de Agricultura de los Estados Unidos (USDA, por sus siglas en inglés) para operar la Transferencia Electrónica de Beneficios Debido a la Pandemia (P-EBT, por sus siglas en inglés), un programa nuevo autorizado […]

After successfully topping our all-time battery life chart, with the 5,000 mAh pack inside the Realme 6i, which you can read more about here, the Chinese company apparently has its sight set even higher. A TUV certification filing for a particular BLP793 battery pack has now been brought to light. Mainly since its rated capacity is a whopping 6,000 mAh. Well, 5,860mAh, to be precise, with a typical capacity of 6,000 mAh. But, the point stands. Battery certification The jury is now out on which phone we can expect to see this pack in. That's more guess-work than anything else,...

The division between smartphones and feature phones has often been murky. In the past, it used to be about how well the device ran user-installed apps and games, these days it's mostly touch screen vs. keypad. But there always were devices that straddled the line between those two categories. Nokia X3-02 Touch and Type official photos Before Nokia released the no-quite-smartphone Asha phones, there were the two Touch and Type models. As we said, these phones tried to have it both ways. The Nokia X3-02 and C3-01 both came out in late 2010. What made them special was that...

Coronavirus COVID 19 vaccine news, latest update, human trials: Sanofi's Pasteur division has an established track record in influenza vaccines. Last month it had teamed with its British rival GSK to produce a vaccine candidate hoping that it will be ready in 2021.

In another release, the ministry said the Institute of Genomics and Integrative Biology (CSIR-IGIB) and Tata Sons have signed a licensing agreement for a paper strip-based test called Feluda for Covid 19's rapid diagnosis.

The total number of people infected with Covid-19 has passed another somber milestone, exceeding four million, with more than 1.3 million of those hailing from the US, Johns Hopkins University reported.
Read Full Article at RT.com

Back-to-school serves as a reminder that digital channels not only drive digital purchases, but in-store purchases too

According to Dun & Bradstreet's latest Economy Forecast, the changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic is brought under control.

After a lifetime high FPI withdrawal in the month of March, the foreign portfolio investors have once again pulled out nearly Rs 15,000 crore from the country's capital market in April.

Prior to taking over this post, he was the Additional Secretary in Prime Minister's Office. Bajaj, a 1988 batch IAS officer, replaces Atanu Chakraborty, who retired on Thursday.

BHEL has released an Expression of Interest (EOI) inviting global companies to leverage its facilities and capabilities for setting up a manufacturing base in the country.

As most of the small and medium scale industries have started operations from 20th April, the normal consumption level of petrol and diesel is likely to be achieved by July 2020.

While the government reportedly prepares a second economic relief package to mitigate the fallout of coronavirus, handing out direct cash to people amid the ongoing lockdown is not a desired solution.

Explaining why online learning has changed the education scenario, the Indian-origin economist said that with classes going online, someone in India can now take a course at MIT.

The spike in the unemployment rate shows that a growing number of job seekers were left disappointed as they could not find jobs and their addition to the labour force merely raised the unemployment rate.

Several noted personalities such as Ramchandra Guha, Mahua Moitra, among others have now said that the Indian-origin economist does not have any Twitter profile.

The government’s surprise move to increase excise duty and cess on petrol and diesel may not help the exchequer in raising tax revenues by much.

It noted that the timeliest indicators of UK demand have stabilised in recent weeks, albeit at very low levels, after unprecedented falls during late March and early April.

The audit of Lebanon's central bank accounts announced last month will include every transaction at the bank, Economy Minister Raoul Nehme said in an interview published on Sunday.

The committee will include industry veterans like Venu Srinivasan, chairman, TVS motor company, N Srinivasan, vice-chairman & MD, India cements and A Vellayan, former chairman of Murugappa group.

ICICI Bank reported a 26% year-on-year (y-o-y) rise in net profit to Rs 1,221 crore in the March quarter, which was below the street’s estimates.

It is unclear whether Kishor will stay on in the state. Some Trinamool leaders and an advertising agency owner perceive him as a threat.

Obama also reacted to the Justice Department dropping its criminal case against Trump's first national security adviser, Michael Flynn, saying he worried that the basic understanding of rule of law is at risk.