Wednesday, May 22, 2019

Govt mulls merger of OBC, Andhra and Allahabad Bank with PNB

Center is mulling merger of two or three small state-run banks - Oriental Bank of Commerce, Andhra Bank and Allahabad Bank with PNB.

Tuesday, May 7, 2019

Exceptional one time credit help Bharti Airtel to post Rs 576 Cr net

 Bharti Airtel on Monday reported a consolidated profit of Rs 576 crore, a jump of 37 per cent during the fourth quarter ended March 31, as compared with Rs 419 crore in the corresponding period last year.
The net profit  was bolstered by a one-time exceptional credit of Rs 2,168 crore arising from re-assessment of levies, based on a recent pronouncement.
The consolidated revenue of the company also rose by six per cent YoY to Rs 20,602 crore during the quarter as against Rs 19,394 crore in January-March 2018.

ICICI Bank's net dips in Q4

 ICICI Bank has registered a five per cent drop in its net profit in the fourth quarter of 2018-19.

The bank’s net profit fell 4.99 per cent to Rs 969 crore in the January to March 2019 quarter from Rs 1,020 crore a year ago.

The bank’s bad-loan provision rose to Rs 5,451 crore in the fourth quarter of 2018-19 from Rs 4,244 crore in the third quarter.