Indusind Bank Q1 earnings In-line with estimates
Indusind Bank has announced the Q1 Unaudited Standalone results
for the quarter ended June 30, 2016:
Net Profit surged by 25.96% to Rs661.38 crore Vs Rs525.04 crore.
Total Income increased by 22.36% to Rs4264.66 crore Vs Rs3485.11
crore.
Gross NPA at Rs860.6 Cr Vs Rs776.8 Cr (QoQ)
Gross NPA at 0.91% Vs 0.87% (QoQ)
Net NPA at Rs355.5 Cr Vs Rs321.8 Cr (QoQ)
Net NPA at 0.38% Vs 0.36% (QoQ)
Provisions at Rs230.5 Cr Vs Rs213.7 Cr (QoQ)
NII +38% at Rs1, 356.4 Cr Vs Rs981 Cr (YoY)
Bajaj Finance gains ahead of board meeting
The
Board of Directors, i.e. July 26, 2016, scheduled to consider and take on
record the unaudited financial results for the quarter ended June 30. 2016, in
the said meeting, the Board may also consider:
a.
Sub-division of equity shares of the Company of face value of Rs10 each, and/or
b.
Issue of fully-paid bonus equity shares to the members of the Company.
The
aforesaid proposal(s), if approved by the Board, will be subject to the
approval of the shareholders.
PNB surges as RBI lifts restrictions
Punjab National Bank (PNB) rose nearly 4%, touching to Rs122.2,
after the Reserve Bank of India (RBI) notified that the restrictions placed on
the purchase of shares of the bank by foreign investors were withdrawn with
immediate effect
The Reserve Bank of India ( RBI) notified on Friday, July 08, 2016
that the aggregate foreign shareholding by Foreign Institutional Investors (
FIIs) / Registered Foreign Portfolios Investors ( RFPIs) / Non Resident Indian
( NRI)/Persons of Indian Origin ( PIO)/ Foreign Direct Investment (
FDI)/American Depository Receipts ( ADR) / Global Depository Receipts ( GDR) under
Portfolio Investment Scheme ( PIS) in PNB has gone below the prescribed
threshold caution limit stipulated under the extant FDI policy.
HDFC Bank to focus on digital platform in coming years
Private sector lender HDFC Bank plans to focus on digital platforms
in rural and semi- urban markets to achieve sustained growth in the coming
years.
The bank is well positioned to continue to grow faster than the
banking sector both in retail and wholesale segments, HDFC Bank said in its
annual report for 2015-16.
Tata Motors global sales rise 21% to 92,551 units in June
Tata Motors reported 20.8% increase in global sales at 92,551
units, including that of Jaguar Land Rover (JLR) vehicles, in June.
The company had sold 76,602 units in June 2015, Tata Motors said.
In the passenger vehicles category, global sales stood at 59,831
units last month as against 45,519 units in the same month a year ago, up
31.44%.
Sales of luxury brand Jaguar Land Rover grew 35.2% to 47,197 units
in June compared with 34,908 units in the same month last year.
Sales of commercial vehicles also rose 5.26% to 32,720 units from
31,083 units in the year-ago month.
CLICK HERE FOR JOIN OUR BEST ADVISORY - CAPITALSTARS
CLICK HERE FOR JOIN OUR BEST ADVISORY - CAPITALSTARS
Epic Research is a reliable firm to pick Commodity tips and recommendation based upon the deep analysis and research on share markets.
ReplyDelete