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Profit declined to Rs 1,116 crore from Rs 1,757 crore in the same period last year. Provisions in the quarter increased 33 per cent to Rs 4,604 crore against Rs 3,470 crore in the year-ago period. Out of this, specific loan-loss provisions for the quarter were at Rs 1,053 crore.
Investment banks upbeat on growth rebound Global investment banks — Goldman Sachs and Morgan Stanley — have sounded optimistic about India’s economic recovery and have forecast a strong rebound next year as economic activity gathers momentum and vaccine deployment t… Read MoreAirAsia may exit India, end JV with Tata Sons Malaysian carrier AirAsia said on Tuesday that it is reviewing its India operations run in partnership with Tata Sons, signalling a possible exit from the world’s fifth largest economy, which it entered with high expectation… Read MoreSGX Nifty down 5 points; here's what changed for market while you were sleepingNagaraj Shetti, Technical Research Analyst at HDFC Securities, said the 12,850-12,900 range will now be the make-or-break area in the short term. “An inability to generate further strength could result in minor weakness from … Read MoreBofA says market is so bullish it’s time to sell on vaccine newsBofA’s poll confirms a jubilant mood in the market since Joe Biden won the U.S. presidential race and after promising results for a Covid-19 vaccine developed by Pfizer Inc. and BioNTech SE fueled appetite for equities aroun… Read MoreKPMG Mauritius: Can SEBI's rules be imposed on auditors of overseas operations?KPMG Mauritius had last month resigned as the auditor of UPL's Mauritius arm. Shares of the Mumbai-based company slumped as much as 9.40% the day after the announcement.
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