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Thursday, July 23, 2015

Dewan Housing net profit climbs 18% to Rs 173 cr

Dewan Housing Finance Corporation Ltd has reported an 18 per cent increase in net profit at Rs 173 crore in the quarter ended June 30, 2015, as against Rs 147 crore in the year ago period.In the reporting quarter, the housing finance company clocked 16 per cent increase in total income at Rs 1,653 crore (Rs 1,426 crore in the year ago period).Total expenditure increased by 16 per cent at Rs 1,392 crore (Rs 1,203 crore).DHFL reported 33 per cent increase in loan sanctions at Rs 7,858 crore (Rs 5,913 crore). Loan disbursements were up 14...
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Indian Bank Q1 net up 4% at Rs 215 cr

Indian Bank today reported a 4 per cent increase in its net profit at Rs 215.28 crore for the first quarter ended June 30.The bank’s net profit in the corresponding (April-June) quarter of the previous fiscal stood at Rs 207.16 crore.The small rise in profit was attributed to provisioning towards wage revision and unhedged foreign currency exposure.“Provision of Rs 83.13 crore has been made during the quarter towards balance in arrears for wage revision, which is effective from November 1, 2012.“The aggregate liability provided as on June 30,...
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Lakshmi Vilas Bank Q1 profit rises 43% to Rs. 40.25 cr

Lakshmi Vilas Bank today reported a 42.98 per cent jump in net profit at Rs. 40.25 crore for the first quarter ended June 30, 2015, against Rs. 28.15 crore during the same period of the previous fiscal.Its total income moved up to Rs. 693.05 crore, an increase of 18.39 per cent as against Rs. 585.36 crore in the year—ago period.On the asset quality front, its gross Non Performing Assets (NPA) ratio stood at 2.72 per cent as against 3.96 per cent in the June 2014 quarter.The Tamil Nadu—based bank’s net NPA during the quarter were at 1.72...
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Monday, July 20, 2015

Andhra Bank pays dividend to Govt

Andhra Bank has paid a dividend of Rs.73.57 crore to the Union Government for the year 2014-15. SK Kalra, MD and CEO (Additional Charge), Andhra Bank, handed over the dividend cheque to Finance Minister Arun Jaitley in New Delhi on Monday. The dividend declared for the year is 20 per cent, according to a release from the bank. Source : Thehindubusinessline ...
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LIC Housing Fin Q1 net up 19%

LIC Housing Finance reported a 19 per cent rise in net profit at Rs 382 crore for the first quarter ended June 30, 2015 on the back of healthy retail, mortgage loan growth and lower bad loans.The non-banking financial company’s net profit a year ago was at Rs 322 crore.Net interest income increased to Rs 659 crore, up 30 per cent as against Rs 506 crore.The outstanding loan portfolio grew by 18 per cent to Rs 1.10 lakh crore from Rs 93,609 crore a year ago.Sunita Sharma, MD & CEO, LIC Housing Finance, said, “We have seen growth across the...
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