Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Shares of Union Bank of India on Monday rose nearly 6 per cent after the company reported a standalone net profit of ₹ 333 crore in the quarter ended June.
The stock gained 5.74 per cent to ₹32.20 on the BSE.
On the NSE, it jumped 5.74 per cent to ₹32.20.
The state-run bank, which amalgamated Andhra Bank and Corporation Bank from April 1, on Friday reported a standalone net profit of ₹ 333 crore in the quarter ended June.
The amalgamated entity had booked a profit-after-tax of ₹381 crore in the same period of the previous fiscal. The pre-amalgamated profit in the June 2019 quarter was 224.43 crore.
“Overall, the performance of the amalgamated entity was quite satisfactory. Amalgamation is proceeding as per the fixed timelines,” the bank’s managing director and CEO Rajkiran Rai G said.
He said the bank saw a substantial improvement in its net interest income and also on the operating profit side.
Net interest income rose by 17.1 per cent to ₹6,403 crore as compared to ₹5,468 crore.
The gross non-performing ratio improved to 14.95 per cent compared to 15.59 per cent. Net NPA ratio improved to 4.97 per cent from 6.47 per cent.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
With initial public offerings galore, we give you a cheat sheet to score some good grades
Biggest risk in selling funds in a rising scenario is exiting early and missing out on further gains
Go for a standard vector-borne diseases policy if you don’t have a regular health plan
No credit risk is an attraction, but note the nuances
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
Salty, buttery, cheese coated or with maple syrup and bacon — popcorn is lending its adaptable self to gourmet ...
A toast to a traditional drip irrigation system still going strong in the Northeast
Raza Mir’s ‘Murder at the Mushaira’ works well as a historical novel that captures the sunset years of the ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor