Wednesday, Apr 24 2024 | Time 23:59 Hrs(IST)
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Business Economy


South Indian Bank records net profit of Rs 83.85 crore in Q-3

Thiruvananthapuram, Jan 21 (UNI) South Indian Bank has recorded a net profit of Rs 83.85 crore in the third quarter of the current financial year.
Compared to the corresponding period in the previous financial year, the net profit declined to 27 per cent this year.
The Gross non-performing assets (NPAs) rose to 4.88 per cent of the total advances, compared to 3.40 per cent during the third quarter ended on December 31, 2018.
Net NPAs also rose to 3.54 per cent in October-December 2018 from 2.35 per cent a year ago, sources said here.
However, the total income of the lender increased to Rs 1,921.93 crore compared to Rs 1,735.77 crore in the year-ago period.
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KABIL signs MoU with CSIR-NGRI for geophysical investigations

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Dish TV revolutionises entertainment with ‘Dish TV Smart+’ services

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TRAI recommends sharing of active, passive infra by telecom providers

24 Apr 2024 | 7:03 PM

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REC to provide loan of Rs 1869 cr to Chenab Valley Power Project in J&K

24 Apr 2024 | 6:38 PM

New Delhi, April 24 (UNI) State-owned non-banking finance company REC Limited has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL), under which it will provide financial assistance of Rs 1,869.265 crore as a term loan.

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