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Bank of Baroda reports Rs 3,102-cr loss in Q4

Net interest income (NII) — the difference between interest earned and interest expended — rose 11.7% y-o-y to Rs 4,002 crore. The bank’s asset quality deteriorated with the gross non-performing asset (NPA) ratio rising to 12.26% from...

GIC Re net increases to Rs 3,234 crore in FY18

The company has also declared a one for one bonus subject to approval of the shareholders. However, combined ratio of reinsurer stood at 104% in 2017-18 from 99.7% in the previous fiscal, while solvency also went down to 1.72% in the last fiscal...

Sundaram Finance may raise Rs 10,000 crore this fiscal

The company registered a net profit of Rs 131 crore for the quarter ended March 31, 2018, compared to Rs 139 crore for the corresponding quarter last year.

Rationale for treating MSME promoters differently: IBBI chief

Earlier this week, the Union Cabinet approved an ordinance amending the IBC. The changes need to be ratified by the President of India. One of the amendments is understood to be related to MSMEs. Sahoo declined to comment on the ordinance.

Higher provisioning drags KVB net profit down 77%

The bank’s asset quality has taken a beating in the fourth quarter with the gross NPA touching 6.56% compared to 3.58% in the same quarter last fiscal.

Swapping trains helping in improving punctuality: Central Railway

Central Railway has started a procedure to swap rakes to maintain the punctuality of trains departing from their originating stations, a senior Railway official said today.

Forex reserves fall to $415 billion

Movement in the FCA occurs mainly on account of purchase and sale of foreign exchange by the RBI, income arising out of the deployment of foreign exchange reserves, external aid receipts of the government and revaluation of assets.

BJP to launch 15-day programme to mark fourth anniversary of Modi government

The BJP will launch a fortnight-long programme to mark the fourth anniversary of the Modi government, with its president Amit Shah leading an exercise to reach out to one lakh personalities from different walks of life to highlight its achievements.

BSE IT index emerges best performer in CY18

S&P BSE IT has given 20.14% returns since the beginning of the year, followed by BSE FMCG and BSE Finance that gave 4.94% and 1.25% returns respectively. On the other hand, rest other indices have taken a beating in CY18.

DoT extends deadline for comments on new telecom policy to June 1

The Department of Telecommunications (DoT) today extended the deadline for submission of public comments on the new telecom policy to June 1 as many stakeholders had sought more time to give their views, according to an official release.