Tag Archives: cr

Indian Bank posts net loss of Rs 190 cr in Q4 FY19

TOPICS Quarterly Results quarterly or semiannual financial statement Indian Bank State-owned Indian Bank reported a net loss of Rs 189.77 crore in the fourth quarter of the financial year ended March 2019, as high level of bad loans required substantial amount to be kept as provisioning parking. The bank had registered a net profit of Rs 131.98 crore during the similar January-March ... Read More »

RBI slaps Rs 1 cr fine on Yes Bank for non-compliance in Swift operations

Private sector lender Yes BankNSE -0.06 %Tuesday said the Reserve Bank of India has slapped a fine of Rs 1 crore on the bank for non-compliance of directions on SwiftNSE 4.92 % messaging software. “The Reserve Bank of India (RBI)… has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment ... Read More »

Muthoot Finance Q3 net profit jumps 59% to Rs 464 cr

Muthoot Finance today reported 59 per cent jump in its consolidated net profit to Rs 464 crore for the third quarter ended December 31, the highest ever quarterly gains on increased demand for loans. The company had made a net profit of Rs 291 crore during the corresponding quarter of 2016-17. Total income grew by 16 per cent to Rs ... Read More »

Indian money in Swiss banks dips 33% to Rs 8,392 cr

Money held by Indians in Swiss banks has fallen by nearly one-third to a record low of 1.2 billion franc (about Rs 8,392 crore) amid a continuing global clampdown on the famed secrecy wall of Switzerland’s banking system. The funds held by Indians with banks in Switzerland fell byCHF 596.42 million to CHF 1,217.6 million at the end of 2015, ... Read More »

2008 Ranbaxy stake sale: Singh brothers asked to pay Rs 2,562 cr to Daiichi Sankyo

A Singapore arbitration tribunal has asked former promoters of Ranbaxy Laboratories, Malvinder and Shivinder Mohan Singh, to pay damages of Rs 2,562.78 crore to Daiichi Sankyo for concealing and misrepresenting information during the sale of their stake in 2008 to the Japanese firm. Daiichi Sankyo, which finally exited the company in April 2014 by selling it to Sun Pharmaceutical Industries, ... Read More »