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Cipla Q2 net at Rs.407 crore
Posted On Nov 06 2015
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With corporate balance sheets highly leveraged and earnings still not perking up, the threat of further slippages looms large, especially for state-owned banks. It stood at Rs 1,239 crore during the second quarter of previous fiscal.
It’s also important to note that more than a quarter of loans already restructured have turned bad.
“The Rs 485 crore has definitely helped us in reporting higher profit”. Restructuring of loan assets during July-September dropped Rs 2,450 crore from the preceding quarter Rs 3,900 crore.
Gross NPAs end of the first quarter (April-June) was Rs 56,421 crore. “Loan growth at 4 per cent was subdued, but gross NPA rise was constrained at one per cent”, Shenoy said.
Total income has jumped to Rs 66,585.85 crore for the second quarter, from Rs 61,098.67 crore in the same period a year ago. The total volume of shares traded was 1,130,292 at the BSE (12.55 p.m., Friday).
Tata group retail firm Trent Ltd reported a standalone net profit of Rs 13.43 crore for the quarter ended September 30, 2015.
Sangapure said: “For the third quarter (Oct-Dec), we have finalised nearly Rs 1,000 crore to be sold to the ARCs”. “It is to be seen whether the bank is able to pace up credit expansion”. Net interest margins increased to 2.06 per cent from 1.93 per cent, while the core net interest income rose 15 per cent to Rs 1,612 crore from Rs 1,406 crore.
Power Grid shares closed 0.1% lower at 131.30 rupees in Mumbai trading on Wednesday. Improving demand from the road sector too aided loan growth. PNB’s loans grew a slower 6.7 per cent in the September quarter, while BoB’s grew 7.5 per cent. The weak credit offtake has led to muted growth in these banks’ net interest income (4-7 per cent) in the past few quarters. Interest income in the period rose 9 percent from a year earlier, the lender’s filing showed.
Despite continuing global economic slowdown, SRF, a multi-business entity engaged in the manufacture of chemical based industrial intermediates, posted 28 percent growth in its net profit after tax (PAT) to Rs.
