2017-07-28 :KVB Bank net profit increases by 1 per cent at Rs. 148 crore
Karur Vysya Bank (KVB) has reported a significant increase in its net profit by 1 per cent at Rs. 148 crore during the current quarter of FY18 as compared to Rs. 147 during the corresponding quarter of the previous fiscal year. The net profit has increased due to a strong growth in net interest income and reduction in its non-performing assets (NPAs).
2017-07-28 :Gold prices fall by Rs. 150 on global cues
Gold prices rise by Rs. 150 on 27th July, 2017 to Rs. 29,300 per 10 grams in future trade in response to cues from the global market. The fall in gold prices is due to less demand from the local jewellers and retailers.
2017-07-28 :UP launches online registration site for developers
Following Maharashtra, Punjab and Madhya Pradesh, the state of Uttar Pradesh has also announced the launch of a Real Estate Regulatory Authority (RERA) website. As per the available data, till now more than 200 developers and over 90 agents have registered themselves on the state’s RERA website. With this move, it intends to safeguard the interest of the homebuyers and to stimulate investments in the realty sector.
2017-07-28 :ICICI Bank net profit falls by 8 per cent at Rs. 2,049 crore
ICICI Bank has reported a fall of 8 per cent in its net profit at Rs. 2,049 crore for the first quarter of FY18 as compared to Rs. 2,232 crore during the corresponding quarter of the previous fiscal year. Net profit of the bank is impacted due to a higher provisions and subdued growth in other income and operating income.
2017-07-28 :PNB enters into agreement with Bajaj Allianz General
Punjab National Bank and Bajaj Allianz General Insurance have signed a corporate agency agreement for distribution of its general insurance products through the bank’s network of nearly 7,000 branches. Under the agreement, Bajaj Allianz will offer personal lines of insurance products to the bank’s customers.
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