Laxaro

View the latest news and breaking news today

fraud hit pnb signals recovery by q2 eyes rs 55 billion net profit - Search

fraud hit pnb signals recovery by q2 eyes rs 55 billion net profit Searched from official sources arount the web with simple content and resource link From any languages in different countries.



fraud-hit pnb signals recovery by q2; eyes rs 55 billion net profit




fraud-hit punjab national bank (pnb), which recently reported the highest-ever loss by any domestic bank in history, is aiming to clock its largest-ever quarterly profit of rs 55 billion in the july-august period this financial year. however, the road to profitability has already hit some hurdles fo...



pnb to raise rs 130 bn via stake sale in subsidiaries, bad loans' recovery




fraud-hit punjab national bank plans to raise rs 130 billion through stake sale in subsidiaries and recovery of bad loans by september end, an official said on friday. the psu lender, among other things, is planning to sell stake in its arm pnb housing finance where it holds 39.08 per cent. "the ban...



rs 130-bn fraud hasn't impacted our ability to lend: pnb md & ceo




punjab national bank is confident of recovering from the losses of rs 130 billion scam related to nirav modi and mehul choksi group of companies, especially with some relaxations provided by the reserve bank of india (rbi). listing out steps that will help the bank get back to its old position, pnb'...



fraud-hit pnb posts biggest ever quarterly loss of rs 134.17 billion in q4




punjab national bank posted its highest-ever quarterly net loss of rs 134 billion in the last quarter of 2017-18, owing to the fraudulent loans worth rs 143 billion issued to group of companies belonging to nirav modi and mehul choksi. pnb had posted a net profit of rs 2.6 billion in the january-mar...



nirav modi scam: fraud-hit pnb loses rs 110 billion in mcap in 5 days




punjab national bank's market valuation has slumped by rs 109 billion in five days, which is nearly equal to the massive rs 113.84billion fraud at the company, even as the stock made a marginal recovery today. the stock had dropped in the previous four trading sessions. in the past one week, the sto...



hindustan petroleum q3 profit rises 23% to rs 19 bn; income up 13%




state-owned oil refiner hindustan petroleum corp ltd's profit rose 22.6 per cent in the third quarter, beating estimates.profit rose to rs 19.50 billion ($303.05 million), compared with rs 15.90 billion a year earlier. analysts on average had expected a profit of rs 15.50 billion, according to thoms...



icici bank q4 net profit halves to rs 10.2 bn, bad loan provisions surge




icici bank on monday posted a net profit of rs 10.2 billion for the quarter ended march 2018, against rs 20.2 billion a year ago, due to a sharp rise in provision for bad loans. the bank’s profit was boosted by a one-time income arising from the sale of shares in its capital market arm, icici secu...



almost a quarter of advertising networks may have fraud levels higher than 20%




mobile advertising fraud has become a much debated topic as ad blockers are unleashing fear among advertisers, and no marketer can ever be 100% sure that an ad network may be free of fraudulent activity.according to a study of 24.3 billion clicks across over 700 advertising networks by mobile analyt...



rs 127-bn pnb scam and npa crisis are contributing to banking paralysis




a spectre is haunting the indian economy today — the spectre of banking paralysis. if it lingers for too long, it could seriously undermine the ongoing economic recovery. two developments are contributing to paralysis in banking. one is the hysteria that seems to have gripped policy makers and the...



indiabulls hsg finance q-on-q net up 35% to rs 11.6 bn on one-time sale




indiabulls housing finance limited (ibhfl), the country’s second largest housing finance company, registered a net profit of rs 11.67 billion for the quarter ending december 31, 2017. on the sequential basis, ibhfl’s net profit has risen 35 per cent from rs 8.61 billion from the quarter ending s...



srf falls 11% on disappointing q4 results




srf dipped 11% to rs 1,997 on the bse in early morning trade after the company reported a consolidated net profit of rs 1.24 billion against an average analyst estimates of rs 1.41 billion for the quarter ended march 2018 (q4fy18). the company had profit of rs 1.29 billion in the same quarter year a...



fraud-hit pnb posts biggest ever quarterly loss of rs 134.17 billion in q4




scam-hit punjab national bank’s (pnb’s) loss in the fourth quarter of 2017-18 has been the highest quarterly loss reported by any bank in india ever. this was owing to fraudulent loans worth rs 143 billion issued to jewellery firms belonging to nirav modi and mehul choksi. the reserve bank of in...



edelweiss financial services net profit up 46% to rs 2.5 billion




edelweiss financial services’ consolidated net profit for the fourth quarter ended march grew 46 per cent to rs 2.48 billion, against rs 1.7 billion in the corresponding quarter of the previous year. on an annual basis, the financial institutions’ consolidated net profit grew to rs 8.9 billion a...



wipro q4fy18 results: profit falls 20% to rs 18 bn for the march quarter




wipro on wednesday posted over 20 per cent decline in its consolidated profit to rs 18 billion for the march quarter, 2017-18. the country's third-largest software services firm had registered a profit of rs 22.67 billion in the year-ago period, as per indian accounting norms. its total income was d...



from usha martin to surya roshni, five interesting stocks to ponder about




it is examination time, studying results of companies, closing one’s eyes, dreaming things that may happen and hollering ‘get me my broker!’ to an alarmed receptionist. this is what i have to show for my studies: usha martin: they said there was no hope for this company with a mountain of debt...



facebook profit jumps as user base nears 2 billion




facebook on wednesday reported its quarterly profit jumped just over $3 billion as its ranks of monthly users closed in on two billion.



better fy19 for sail after strong q4: rising volumes to drive earnings




helped by strong realisations in the domestic steel market and completion of major capacity expansions, steel authority of india (sail) posted an improvement in profit for the march quarter (q4). after returning to profit in october-december 2017 after a gap of about 10 quarters, the net profit in q...



tata motors q4 net profit down nearly 50% to rs 21.76 billion




homegrown auto major tata motors today reported 49.82 per cent decline in consolidated net profit to rs 21.76 billion for the fourth quarter ended march 31, 2017-18. it had posted net profit of rs 43.36 billion in the corresponding period of 2016-17, tata motors said in a bse filing. it consolidated...



hul q4 profit rises 14% to rs 13.51 billion, beats estimates




diversified consumer goods maker hindustan unilever ltd reported an about 14 percent increase in profit on monday, helped by higher sales in its home care business. profit for the period ended march 31 came in at 13.51 billion rupees ($200.10 million) compared with 11.83 billion rupees a year ago, t...



panasonic upgrades earnings targets on cheap yen




panasonic has upgraded its earnings targetsjapanese electronics giant panasonic on monday upgraded its annual earnings targets thanks to a weak yen and robust demand for its automotive products. the osaka-based company raised an annual profit forecast for the year to march to 210 billion yen ($1.9 b...



tata steel reports consolidated q4 net profit at rs 146.88 billion




tata steel ltd on wednesday posted a net profit of rs 146.88 billion ($2.17 billion) for the quarter ended march 31, aided by a one-time gain. the indian steelmaker saw an exceptional gain of rs 113.76 billion in the quarter, which included a gain from the restructuring of its uk pension scheme. the...



hsbc sees 4% drop in jan-mar pre-tax profit, declares $2-bn share buyback




hsbc holdings plc posted on friday an unexpected 4 per cent drop in first-quarter pre-tax profit, missing estimates, and announced plans to initiate a new share buyback of up to $2 billion. "given the growth opportunities we currently see, we expect this to be the only share buyback that we announce...



hdfc net profit jumps 233% in in oct-dec quarter to rs 56.70 billion




housing development finance corporation (hdfc) on monday announced that it had posted a profit after tax (pat) of rs 56.7 billion in the quarter ended december 31, 2017, compared with rs 17.01 billion in the same quarter a year earlier – a rise of 233 per cent. the company’s revenue from operati...



dewan housing finance corp profit up 26% to rs 3.12 bn in jan-march




dewan housing finance corporation’s (dhfl) has posted 26 per cent rise in net profit for the fourth quarter ended march 2018 at rs 3.12 billion, from rs 2.48 billion in january-march 2017. during the fourth quarter of 2016-17, it had received an exceptional profit of rs 19.6 billion on sale of inv...



havells q3 profit at rs 1.94 bn




consumer electrical goods maker havells india’s december-quarter standalone net profit stood at rs 1.94 billion. the company had reported a net profit of rs 1.53 billion during the october-december quarter of the previous financial year.