INDUSTRY


FEDERAL BANK HITS HIGHEST EVER QUARTERLY NET PROFIT OF 954 CR AND NII OF 2056CR, REGISTERING STRONG GROWTH AND ROBUST ASSET QUALITY

MUMBAI, 16th OCTOBER, 2023 (GPN): Federal Bank announced the Financial Results for the quarter ended 30th September2023. The key highlights of the results on a Y-o-Y basis are as follows: Total Business of the Bank reached Rs 425685.12 Cr  Net Profit highest ever @ Rs 953.82 Cr, grew 35.54 %  Operating Profit highest ever @ Rs 1324.45 Cr  ROA for Q2 stood at 1.36% and ROE stood at 15.72%  GNPA and NNPA brought down to 2.26% and 0.64% respectively.  Total Deposits increased by 23.12%  Total Net Advances increased by 19.58%  Highest ever Net Interest Income at ₹ 2056.42 Cr, grew by 16.72%  WORKING RESULTS AT A GLANCE  (Rs.in Cr)  Particulars  Q2  Q2  % y-o-y growth    2023-24  2022-23  Net Profit  953.82  703.71  é35.54%  Total Income  6185.70  4630.30  é33.59%  Operating Profit …


Indian General Insurance Premium Expected To Touch 5000 Billion By 2030: BIMTECH India Insurance Report 2023

MUMBAI, 16 OCTOBER, 2023 (GPN): In a first, the Birla Institute of Management Technology (BIMTECH), one of India’s leading B-schools, unveiled the  India Insurance  Report- Transforming Indian  Insurance- Series II. One of the report’s significant findings was…





KwikFix Auto Paves the Way for a New Era in Indian Auto Repairs Sector With Ease and Comfort of Doorstep Services

Avail a one and all services by downloading the App of ‘KwikFix Auto’ Autocare, Anywhere! MUMBAI, 16 OCTOBER, 2023 (GPN): In the bustling city of Mumbai, KwikFix Auto has been quietly making waves in India’s…


TANISHQ UNVEILS ‘KAKATIYA’ – A FIRST-EVER DEDICATED COLLECTION FOR ANDHRA PRADESH AND TELANGANA

~ Inspired by the glorious Kakatiya legacy to adorn today’s Telugu woman ~ HYDERABAD, 15th OCTOBER, 2023 (GPN): In the heartlands of Andhra Pradesh and Telangana, where history weaves its tales through ancient stones and cultural nuances, Tanishq, India’s largest…


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G.S.B. Sabha Dahisar Borivali welcome all devotees to come and be mesmerized at the Divine, Graceful and Grand Navaratri Utsav wherein A single idol of Divine Godess is graced in 10 SWAROOPS of DEVI – on 10 different DAYS of Navratri & Dassehra

Namaste, Soak yourselves in the divine grace and blessings of the devi (godess) Maa Durga (Maa Parvati) in her celestial 10 divine forms or avatars at the GSB grand Navratri Utsav Celebrations in Borivali. MUMBAI,…


“THE PUCARA BULL” A Peruvian Artisan’s Art Exhibition will be displayed at Kamalnayan Bajaj Art Gallery, Bajaj Bhavan, NP, Mumbai – An Initiative to commemorate the 60th anniversary

MUMBAI, 14th OCTOBER 2023 (GPN): The Embassy of the Republic of Peru in India and the Kamalnayan Bajaj Art Gallery Presents “THE PUCARA BULL” Ambassador of the Peruvian Highlands, An Initiative to commemorate the 60th anniversary…