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Provisions and contingencies stood higher at Rs 641.83 crore, against Rs 394.62 crore in the year-ago period. The provision coverage ratio (including technical write-offs) was strengthened substantially and stood at 78.66%. Federal Bank on Friday reported an 8.3 % year-on-year (y-o-y) decline in its net profit to Rs 367.29 crore for the first quarter of […]
Federal Bank Q1 net falls 8.3% on higher provisioning Read More »
Provisioning declined 41% year on year (YoY) and 88% sequentially to Rs 644 crore. The net interest income (NII) fell 26% YoY to Rs 1,908 crore, but rose 42% sequentially. Yes Bank on Friday reported a 360% year-on-year jump in its net profit to Rs 207 crore for the June quarter, on the back of lower provisions and higher
Yes Bank June quarter net jumps 360% on lower provisions higher other income Read More »
Our provisioning policy continues to be very conservative so that the balance sheet remains strong. Federal Bank reported an 8.3% year-on-year decline in its net profit for the first quarter. Following are excerpts from a post-result virtual press meet by Shyam Srinivasan, MD & CEO. Provisioning is seen higher for the quarter. Are the slippages
No lumpy slippage gives us confidence: Shyam Srinivasan MD & CEO Federal Bank Read More »
The bank claims to have made higher than required provisioning due to change in policy for non-performing advances. Private lender ICICI Bank on Saturday reported a 78% year-on-year (y-o-y) jump in its net profit to Rs 4,616 crore during the June quarter (Q1FY22). The bank was able to report a strong bottomline mainly on account
Q1 Performance: ICICI Bank net profit surges 78% to Rs 4616 crore Read More »
A drone shot at the Government Botanical Garden in Udhagamandalam captures the sprawling expanse of greenery, where 2,500 flower pots have been arranged to read: “COVID-19 Vaccinate Yourself”. (Subscribe to Science For All, our weekly newsletter, where we aim to take the jargon out of science and put the fun in. Click here.) This visual
You can enjoy the 2021 virtual Ooty flower show from anywhere in the world Read More »
The prints are drawn from five of their collections, namely Seoul, Araki, Edomer, Patu and Wilding 20s Whenever he walks into a room, Narresh Kukreja notices the walls first. “Consciously or unconsciously, your eyes always [go to] the largest surface area, more than the furniture or rugs,” says Kukreja, one half of Delhi-based designer duo
The Chennai-based dancer was introduced into these last year, during the lockdown “If you like Nature and art, you will love kusamono. It brings the greenery of a garden into your home,” promises Jeffery Vardon, dancer and choreographer from Chennai. He came to know of this ancient Japanese method last year during the lockdown. “The
Jeffery Vardon’s kusamono kokedama and terrariums can make any room greener Read More »
Nykaa Fashion Home launches with a selection of interior must-haves and statement accessories, besides videos guides and tailored content There is a lot happening at Nykaa Fashion. Complementing the parent company’s unicorn status (which it hit last year, with a fresh ₹100 crore funding from Steadview Capital), the multi-brand, e-commerce platform is growing fast. It
Nykaa Fashion adds home décor to its portfolio Read More »
Actor Mammootty, a keen photographer, recently shared a photograph of him clicking the birds around his home on Instagram. It is not just him; many keen photographers have been focussing on feathered visitors to their homes during the lockdown. For them it has been a discovery of the world in birds, flowers, raindrops, leaves, insects
Shutterbugs from Kerala focus on flora, fauna and the familiar in their neighbourhood Read More »
The venture sells farm produce at a fair price, in addition to offering consultancy services for those interested in farming The pandemic has highlighted farming like never before. Support A Farmer, an initiative by a group of farmers and agriculture enthusiasts in Palakkad, Kerala, is a case in point. The collective sells farm produce and
In Kerala’s Palakka, farmers launch ‘Support A Farmer’ an initiative to recoup business Read More »
Not so long ago, work-from-home (WFH) was a perk that companies used as a carrot. COVID-19 changed all that, making home offices and remote working the norm. A McKinsey report, What’s next for remote work, stated that quarantines, lockdowns, and self-imposed isolation have “pushed tens of millions around the world to work from home, accelerating
How to redo the home office Read More »
Realtors body Confederation of Real Estate Developers Associations of India (CREDAI) has said that cement prices have gone up by Rs 60-70 per bag of 50 kg in the last week and it is looking at approaching the Competition Commission of India (CCI) alleging cartelisation by cement producers. CREDAI will consider going to CCI seeking
CREDAI alleges cartelisation by cement industry; may move CCI Read More »