ICICI, among the three domestic banks considered "too big to fail" by the country's central bank, reported a net profit of 20.58 billion rupees ($316.51 million) in the quarter ended September 30, missing analysts' expectations of 24.91 billion rupees. The bank had been expected to post a profit of Rs2,570.10 crore, based on a Bloomberg poll of 21 analysts.
Gross bad loans as a percentage of total loans jumped to 1.82 percent at end-September from 0.97 percent a quarter earlier and 0.83 percent in the year-ago period. The fall in profit is attributable to the one-time gain of ₹5,682 crore booked in the second quarter of the previous financial year.
The gross and net NPA as on September 30 stood at Rs 32,457.50 crore and Rs 16,482.52 crore.
Key House lawmaker sees progress allaying tax deduction concerns
Eleven GOP House members from NY and New Jersey voted against the budget on Thursday, largely because of objections on this point. The Democrats want to stop the debate on tax reform because they don't want to lower tax rates for families or for businesses.
In the year-ago quarter, the lender had gained Rs5,682.03 crore by selling a stake in its life insurance arm.
Its managing director and chief executive Chanda Kochhar attributed the fall in profit primarily due to the one time gain previous year, which dwarfs the approximately Rs 2,100 crore made through the sale of stake in general insurance arm during the reporting quarter.
Net interest income increased 9% on a year-on-year basis to ₹5,709 while net interest margin remained stable sequentially at 3.27% in Q2-2018, and increased 14 basis points as compared with the year-earlier period. Kochhar said they included Rs 651 crore in provisions towards dud assets mandated to be resolved under the insolvency laws.
Shares of Yes Bank on Friday tanked almost 10 percent as the company's bad loan situation worsened during the second quarter of 2017-18 fiscal.
At ICICI Bank, gross NPA additions declined to Rs4,674 crore in the fiscal second quarter from Rs4,976 crore a quarter ago and Rs8,029 crore a year ago.
The write-offs came at Rs 2,298 crore, while the recoveries and upgrades stood at Rs 1,029 crore.
Backed forces claim control of Syria's largest oilfield
A race is underway between USA -backed Syrian forces and Russia-backed government troops in the oil-rich Deir el-Zour province. Named after ConocoPhillips, the company that discovered the field, it produced 450 million cubic feet of natural gas per day.
The provisioning against NPAs rose from Rs 1,558.37 crore in September quarter 2016-17 to Rs 1,949.81 crore in the quarter under review. She forecast domestic loan growth in the financial year to be about 15 percent, led by as much 20 percent rise in retail loans. The outstanding exposure to these accounts is Rs10,476 crore, and 98.7% of the amount is classified as an NPA.
It's not hard to imagine a scenario in which Apple only has half as many iPhone X units as it was supposed to this year. The iPhone X caps Apple's 2017 refresh of its phone lineup, which comes a decade after the first iPhone hit the market.
Carlos DeAngelo Bell faces 206 charges on accusations of sexually assaulting 42 underage students and recording it on video. According to the State's Attorney for Charles County, Maryland, the victims range in age from 11 to 17 years old.
If Taco Bell can stuff a tortilla with three different types of Doritos, why not a candy bar filling for a quesadilla? And if the social media response to its Kit Kat "Chocoladilla" is any indication, it's probably correct.
Until then, get excited for Phantom Thread , and wonder to what degree Day-Lewis' character is a projection of PTA himself. This time, Paul Thomas Anderson has lensed his own film by serving as cinematographer for this lovely motion picture.
According to the site, the device will be powered by a Snapdragon 835 processor and features a 6-inch QHD Full HD+ display. The Chinese phone manufacturer is now in the process of launching an upgraded version of OnePlus 5 which is OnePlus 5T .
Unlike some other mass killers, Mr Paddock did not leave behind a note, manifesto or video explaining his actions. The incident became the largest mass shooting in USA history, leaving 58 dead and over 500 injured.
Cue said the company is looking at India's payments market, though a specific launch time frame was not shared. Apple Pay can be used at payment terminals where the Apple Pay or contactless card symbol is visible.
The Police said Verma is charged under sections of extortion, criminal intimidation and wrongful confinement. However, BJP circles claim that Vinod Verma is a close relative of the state Congress Chief Bhupesh Baghel .
Hightower has played in all 16 regular-season games just once in his National Football League career to date, in 2013. A bunch of guys have to step up and kind of try to fill that role - and in this case, a bunch of different roles.
As per available data, 55.87 lakh GSTR-3B returns were filed for July, 51.37 lakh for August and over 42 lakh for September. The government had earlier waived the late fee for delayed filing for the month of July, media reported.
National Prescription Drug Take Back Day is Saturday
Last April the agency collected almost 2 tons of medications from sites around Idaho and more than 17.5 tons across the Northwest. More than 52,000 people died of a drug overdose nationwide in 2015, and more than 33,000 of the drugs were opioids, Smith said.
Dodgers Leave Ex-Tiger Granderson Off World Series Roster
He went 3 for 11 with four walks in the NL Division Series against Arizona, but tweaked his back during a slide in Game 3. Granderson also made a superb leaping catch in Game 1 , part of an equally consistent defensive effort during the series.
NY bans vaping anywhere cigarettes are prohibited
The dangers of e-cigarettes have become a hot debate topic in recent years, even as the devices have seen massive popularity. When this new measure will be implemented as New York's new law, it will cover vaping in the State's Clean Indoor Air Act.
NIA arrests Hizbul Mujahideen Chief Syed Salahuddin's son
Sources have said that Aijaz Ahmad, who is on the run, had reportedly passed money over to fund terror activities in Kashmir. Two others - Mohammed Maqbool Pandit and Aijaz Ahmed Bhat - have also been chargesheeted by the NIA but are absconding.
Army Sgt. Bowe Bergdahl: Who is he?
The sergeant did not have a plea deal set up, so he may well get a life sentence in a hearing scheduled for this Monday. The judge, who said there was no doubt he could be fair and impartial, did not immediately rule .