Federal Bank posted a net profit of Rs 400.77 crore in June 2020 ending quarter as compared to Rs 384.21 crore in corresponding quarter in FY20. The bank’s income during the first quarter increased to Rs 3,932.52 crore, whereas it’s income in the corresponding quarter was Rs 3,620.82 crore. Income […]
Banking & Business
NEW DELHI: India posted a trade surplus of $790 million in June, its first in over 18 years, with imports plunging as the coronavirus pandemic hit domestic demand for crude oil, gold and other industrial products, government data showed on Wednesday. Merchandise imports contracted 47.59% in June to $21.11 billion […]
India is set to make the Public Distribution System (PDS) location-independent to ensure that no one, especially the inter-State migrants, is left behind, NITI Aayog CEO has said, citing the ‘One Nation, One Card’ initiative being implemented by the government as a transformative solution in response to the coronavirus (COVID-19) […]
India’s Infosys Ltd on Wednesday reported a stronger-than-expected profit for the June quarter, as the software services firm managed to secure large deals from clients during the Covid-19 pandemic. The Bengaluru-based company’s net profit climbed to 42.33 billion rupees ($563.8 million) from 37.98 billion rupees a year earlier. Analysts on […]
नई दिल्ली। कोरोना काल के बीच आज रिलायंस इंडस्ट्रीज की एनुअल जनरल मीटिंग हुई है, ये कंपनी की 43वीं एजीएम थी। इस मीटिंग में अलग-अलग वर्चुअल प्लेटफॉर्म के जरिए रिलायंस के एक लाख से अधिक शेयर होल्डर इस बैठक में सम्मिलित हुए है। मीटिंग के दौरान सीईओ मुकेश अंबानी ने […]
Federal Bank announced its quarterly results on July 15, 2020. Net interest income (NII) in Q1FY21 stood at Rs1,296.44cr, which increased by 12.3% yoy from Rs1,154.17cr in Q1FY20. Operating profit for Q1FY21 stood at Rs932.38cr with a growth of 19.1% yoy, as against Rs782.76cr inQ1FY20. Provisions and contingencies increased by […]
Auction Results 91 Day 182 Day 364 Day I. Notified Amount ₹ 12000 Crore ₹ 13000 Crore ₹ 10000 Crore II. Underwriting Notified Amount ₹ 0 Crore ₹ 0 Crore ₹ 0 Crore III. Competitive Bids Received (i) Number 82 130 104 (ii) Amount ₹ 52192 Crore […]
Rajendran pointed out that the real impact of the pandemic on the asset quality of the bank would only be known when the moratorium period was over. In an innocuously worded press statement released early June, RBI announced the setting up of an Internal Working Group to ‘review existing guidelines […]
State Bank of India(SBI) is mulling plans to save Rs 1000 crore by allowing its employees to work from anywhere. SBI Chairman Rajnish Kumar said at the bank’s annual general meeting held on Tuesday that it will work to reduce costs, rationalise and readjust employee skills, increase employee productivity, and […]
ब्रिटेन सरकार के सांसदों ने तर्क दिया था कि चीन जासूसी के लिए हुवावे का उपयोग कर सकती है हुवावे पिछले 20 वर्षों के लिए ब्रिटेन में काम कर रही है, पिछले साल कंपनी ने यहा 24% सेल दर्ज की दैनिक भास्कर Jul 15, 2020, 12:36 PM IST लंदन. अमेरिका […]