IndusInd Bank third-quarter net profit jumps 25 percent
IndusInd Bank Ltd said on Thursday third-quarter net profit rose nearly 25 percent, helped by higher interest income.
Net profit climbed to 9.36 billion rupees ($146.87 million) in the quarter ended Dec. 31, from 7.51 billion rupees a year ago, the country's sixth-largest private sector lender by assets said.
Gross bad loans as a percentage of total loans stood at 1.16 percent at end-December, compared with 1.08 percent in the previous quarter and 0.94 percent a year ago.
Interest earned by the bank jumped about 16 percent in the quarter to 42.87 billion rupees.
Euro zone consumer confidence was unchanged in July from June, indicating economic growth may be stabilizing going into the third quarter, figures released on Monday showed.
U.S. home sales fell for a third straight month in June as a persistent shortage of properties on the market pushed up house prices to a record high, likely sidelining some potential buyers.
The Russia Russian central bank is seen holding the key rate at 7.25 percent on Friday after it indicated last month the government’s proposal to increase value added tax has all but dashed prospects for further cuts in the coming months.
Signs that the Bank of Japan (BoJ) might scale back its monetary stimulus faster than expected sent tremors through bond markets on Monday, while European stocks and U.S. futures slipped as threats of further U.S. tariffs on China drained risk appetite.
A bill for quick prosecution in cheque bounce cases and provide compensation to the complainant was passed by the Lok Sabha today.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.