HDFC Bank’s gross NPA in absolute terms stood at ₹35,846 crore during the June quarter versus ₹34,061 crore in March, while Net NPA stood at ₹12,357 crore from ₹11,169 crore last quarter.
Axis Bank’s Provisions for the quarter stood at ₹2,222.5 crore, lower than the previous quarter’s provision figure of ₹3,522 crore.
PNB’s tax expenses at the end of the June quarter stood at ₹1,725 crore from ₹5,083 crore during the same quarter last year.
Besides the chip index, the Dow Jones fell nearly 450 points on Friday, the S&P 500 fell over 1%, while the Nasdaq Composite shed another 1.5%. The Nasdaq 100 index was also down by a similar quantum.
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Reliance Industries reported a consolidated net profit of ₹20,946 crore for the quarter, which is ahead of the Bloomberg consensus estimates of ₹19,823 crore. The results were supported by resilient refining margins and steady growth seen across its consumer facing…
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The state-run company has won a project to install key equipment at Rajasthan’s Fatehgarh-II power station to support the interstate electricity network.
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The real estate developer reported ₹617 crore in quarterly sales, while customer collections climbed 30% and average selling prices rose on stronger demand for Mumbai projects.