FINANCE TODAY

   by Samiksha RESULTS AT A GLANCE  Quarter 31 st  Mar 2024 vis a vis Quarter 31 st  Mar 2023 Total Business grew by 15.94 % to ₹ 474,411   Total Deposits increased by 15.66 % to ₹ 270,747   Gross Advances increased by 16.30 % to ₹ 203,664   Credit – Deposit (CD) Ratio improved to 22 %. Gross NPA declined to  88 % as on 31.03.2024. Net NPA reduced to 20 % as on 31.03.2024. Provision Coverage Ratio improved to 34 %. Ø  Operating profit grew by 19.10 % to ₹ 2,210 crore. Net Profit increased by 95 % to ₹  1,218  crore as on 31.03.2024 Ø  Net Interest Income increased by 18.17 % to ₹ 2,584 crore. Net Interest Margin (NIM) improved to 97 % as on 31.03.2024. Cost to Income Ratio stood at 38.72 %. Return on Assets (ROA) improved to 73 %. Return on Equity (ROE) improved to 35 %. CRAR stood at  38 % of which Tier I is 13.72%. Net Profit increased by 95 % to ₹ 1,218  crore in Q4FY24 on Y-o-Y basis as against ₹ 840 crore fo...

by Samiksha Gurugram/Jammu, April 2024:  REC Limited, a Maharatna CPSE under Ministry of Power and a leading NBFC, has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL) for financial assistance of ₹1869.265 Crore as Term Loan. The loan will be utilized for Development, Construction and Operation of Greenfield Kiru Hydro Electric Project (4 x156 MW) on River Chenab located in Kishtwar District of Jammu & Kashmir. The Agreement was signed in the presence of Shri Ramesh Mukhiya, Managing Director; Shri Vasant Hurmade, General Manager (C&P); Shri Sanjay Kumar Gupta, General Manager (Finance) from CVPPPL and Shri Pramod Kumar Soni, Dy. General Manager; Shri Rishabh Jain, Dy. General Manager from REC Limited, among other key officials from both organizations. Kiru Hydro Electric Project (624 MW), a run-of-river scheme is proposed on river Chenab in district Kishtwar of Union Territory of J&K and is about 42 kms from Kishtwar. The Project envisages ...

by Samiksha Mumbai, April 19- Lilavati Hospital and Research Centre,has launched the “Roshni Cataract Services” an initiative aimed at performing free eye check-up and cataract surgeries for underprivileged individuals inaugurated by the Founders & Permanent Trustees Kishor Mehta and Smt. Charu Mehta along with Permanent Trustee Rajiv Mehta and board of trustees for Lilavati Hospital & Research Centre, Bandra. Dr. Niraj Uttamani, COO at Lilavati Hospital & Research Centre, Bandra, said cataracts are a major issue in India, causing 70% of blindness and 90% of distorted vision and this initiative aimed to provide essential eye care services to those in need while raising awareness about eye health.

by Samiksha   • Price Band of ₹395 /- to – ₹415/- per equity share bearing face value of ₹2/- each (“Equity Shares”) • Bid/Offer Opening Date – Tuesday, April 23rd, 2024 and Bid/Offer Closing Date – Thursday, April 25th, 2024. • Minimum Bid Lot is 36 Equity Shares and in multiples of 36 Equity Shares thereafter. • The Floor Price is 197.50 times the face value of the Equity Share and the Cap Price is 207.50 times the face value of the Equity Share Mumbai, April , 2024: JNK India Limited is in the business of manufacturing the process-fired heaters, reformers, and cracking furnaces (together, the “Heating Equipment”) that are required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. , has fixed the price band of ₹395/- to ₹415/- per Equity Share of face value ₹2/- each for its initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, April 23rd, 2024, for subscription and close on Thurs...

by Samiksha  Ariel launched their new campaign that highlights longstanding movement also highlights women, women supporting women, and husbands becoming trusted allies in household responsibilities and working as a Team atHome as a HomeTeam Mumbai, Tuesday, 9 th April 2024: Over the last 9 years, Ariel India has continuously sparked conversations around the unequal division of domestic chores within households and urging more and more men to #ShareTheLoad. As society progresses, men have increasingly recognized the importance of supporting their partners equally. Since we began this journey in 2015, the percentage of men who believed that household chores, like laundry, are solely a woman's job has drastically decreased from 79% to 25%*. However, acknowledging the need for further progress, Ariel is driving the conversation forward to encourage men to not only accept the physical aspect of household chores but also to act as a team at home to share the mental load. This coll...