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.

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.