Connect with us

NATIONAL

HDFC Bank’s Q2FY21 Net Profit Rises Over 18%

Published

on

Mumbai:  Lending major HDFC Bank on Saturday reported a 18.4 per cent increase in standalone net profit for the quarter ended September 30 of FY21 on year-on-year (YoY) basis.
The bank’s net profit for the second quarter of FY21 rose to Rs 7,513.1 crore on a YoY basis.
“While the previous quarter largely bore the brunt of the Covid-19 pandemic, some of the softness continued into the current quarter, leading to lower retail loan origination, use of debit and credit cards by customers, efficiency in collection efforts and waivers of certain fees,” the bank said in a statement.
“As a result, fees or other incomes were lower by approximately Rs 800 crore. However, the loan and card momentum has improved over the previous quarter, thereby reducing the gap to less than half,” it added.
Besides, the bank’s net interest income (interest earned less interest expended) for the quarter ended September 30 grew by 16.7 per cent to Rs 15,776.4 crore from Rs 13,515.0 crore for the corresponding period of the previous year.
“The bank’s continued focus on deposits helped in the maintenance of a healthy liquidity coverage ratio at 153 per cent, well above the regulatory requirement,” the statement said.
As per the statement, the bank continues to hold provisions as on September 30, 2020 against the potential impact of Covid-19 based on the “information available at this point in time and the same are in excess of the RBI prescribed norms”.
The bank held floating provisions of Rs 1,451 crore and contingent provisions of Rs 6,304 crore as on September 30, 2020.
“Total provisions (comprising specific, floating, contingent and general provisions) were 195 per cent of the reported gross NPAs or 154 per cent of proforma gross NPAs as on September 30, 2020,” the statement said.
In terms of the Q2FY21 consolidated financial results, the bank reported net profit of Rs 7,703 crore, up 16 per cent over the quarter ended September 30, 2019.
Besides, consolidated advances grew by 14.9 per cent from Rs 947,440 crore as on September 30, 2019 to Rs 1,088,948 crore as on September 30, 2020.
(IANS)

This story has been sourced from a third party syndicated feed, agencies. News Galiyara accepts no responsibility or liability for its dependability, trustworthiness, reliability, and data of the text. DigitalGaliyara (OPC) Private Limited management reserves the sole right to alter, delete, or remove (without notice). If you have any concerns with the Content, then please write to us at the mail@digitalgaliyara.com
Source link

NATIONAL

Sports world pays tribute to Milkha Singh

Veteran Indian athlete Milkha Singh passed away at a local hospital here at 11.30 pm on Friday, leaving the sports world in a tizzy. After the death of this great sprinter, many celebrities have paid tribute to him. There are some kind.

Published

on

Sports world pays tribute to Milkha Singh

Veteran Indian athlete Milkha Singh passed away at a local hospital here at 11.30 pm on Friday, leaving the sports world in a tizzy. After the death of this great sprinter, many celebrities have paid tribute to him.

I promise you Milkha Singh ji that we will fulfill your last wish. India has lost its star. Milkha Singh ji has left us but he will continue to inspire every Indian to shine for India. My deepest condolences to the family. I pray for the peace of his soul. Kiren Rijiju

Rest in peace our very own ‘Flying Sikh’ Milkha Singh Ji. Your passing has left a deep void in the heart of every Indian today, but you will continue to inspire many generations to come. Sachin Tendulkar

SAI is deeply saddened by the passing away of “The Flying Sikh” Milkha Singh, one of the greatest sportspersons India has ever produced. Gold medalist at Commonwealth Games and Asian Games, she held the 400m national record for 38 years. Condolences to his family and the millions he inspired. Sports Authority of India

Your story inspired millions and will continue to inspire….Rip Legend. Ritu Phogat

We might not have seen you competing, but every time we ran fast as kids, we ran like Milkha Singh. And to me, she will always be the legend you left behind. You didn’t just run, you inspired. Rest in peace, sir. Sunil Chhetri

Continue Reading

NATIONAL

Notorious Chadar gang arrested in more than 100 incidents

This gang of Ghodasahan village of East Champaranya in Bihar state is infamous all over the country. In the dark of night, the gang comes in large numbers and lays blankets in front of the shop.

Published

on

Notorious Chadar gang arrested in more than 100 incidents

The Crime Branch of Meera Bhaidar Vasai Virar Police has arrested a gang of ‘Ghodasahans’ alias Chadar who have been dodging the police in different states of the country for the past several years. The gang used to be able to break the shutters of the shop with the sheets horizontally, the gang has more than a hundred crime cases registered in different states.

This gang of Ghodasahan village of East Champaranya in Bihar state is infamous all over the country. In the dark of night, the gang comes in large numbers and lays blankets in front of the shop. Other members break the shutters of the shop and burn the goods inside within a few minutes. They mainly stole watches, mobiles, and electronic items. They used to leave after stealing in the night. They used to sell stolen goods in Nepal. The gang had no means of communication, which made it difficult for the police to nab them. Meera Bhaidar Vasai Virar Police Commissionerate Crime Branch had received information about the gang. The police had received information that some gang members would come to rob the petrol pump. Under this, the police have arrested 10 members of the gang by laying a trap. Various weapons brought for loot and goods worth 1.5 lakh were seized from them.

Also Read: China launches crewed spacecraft Shenzhou-12 in the historic mission

Big success for MBVV Police:

With the help of Crime Branch Unit 2 officers and a team of police personnel, the Unit 3 team disguised as the petrol pump and laid a trap on Tuesday morning. Seven accused, who came to carry out the robbery, were caught by the gang, while three accused were caught running towards the Tulinj police station area in shorts and vests. One accused is still absconding in this case. Police arrested 10 accused 1) Naeem Hadith Devan 48 years old, 2) Vikram Kumar Premchand Prasad 25 years old, 3) Naeem Munna Dewan 25 years old, Suheb Ahmed 45 years old, Vijaykumar Mahato 25 years old, Aslam Sai 27 years old, Dharmendra Shahani 29 years old, Vikeshkumar Paswan 19-year-old, Rohikumar Paswan 19-year-old, Omnath Kumar Saha 24-year-old have recovered Rs 70,000 in cash and two knives. The 10 accused have been sent to 11-day police custody after being produced in the Vasai Court under police protection.

Recovered from:

After disclosing the case of Virar, Nalasopara, Dindoshi 3 police stations, mobile phone and cash amount of Rs 1 lakh 64 thousand 810 recovered. The gang had registered more than 100 cases of robbery and theft in various states of the country including Vasai Virar. He used to rake theft in the dark of night, and after some time he used to steal away. Crime Branch Police Inspector Pramod Badakh told that he used to sell stolen goods in Nepal as well. Arresting this gang was a big challenge. However, after a thorough investigation by our police, the gang has been caught red-handed, Deputy Commissioner of Police (Crime) Mahesh Patil said.

Disclaimer: This post has been auto-published from an agency news helpline feed without any modifications to the text and has not been reviewed by an editor

Continue Reading

NATIONAL

Kejriwal appeals to people to follow Covid guidelines as Delhi Metro, markets reopen

Kejriwal on Saturday had announced further relaxations in the lockdown, and said Delhi Metro would operate at 50 per cent capacity and markets and malls in the national capital would open on an odd-even basis from June 7.

Published

on

Arvind Kejriwal speaking with media in his office in Delhi

Delhi Chief Minister Arvind Kejriwal on Monday appealed to people to follow Covid-appropriate behaviour amid the unlocking process in the national capital.

Kejriwal on Saturday had announced further relaxations in the lockdown, and said Delhi Metro would operate at 50 per cent capacity and markets and malls in the national capital would open on an odd-even basis from June 7.

“Many activities are resuming in Delhi from today. But take all the precautions to prevent corona completely – wear a mask, keep social distance and keep washing hands, there should be no laxity at all,” he said in a tweet in Hindi.

“One has to stay away from corona infection and also bring the economy back on track,” the chief minister added.

Malls, markets and market complexes (except weekly markets) will open between 10 am to 8 pm on an odd-even basis in accordance with their shop numbers, from Monday morning.

The Delhi Metro also resumed services from Monday. However, only half of the available trains have been inducted into service with a frequency ranging from nearly five to 15 minutes on different lines, officials said.

-PTI News

Continue Reading

Trending