Business
HDFC Bank to announce Q3 earnings today. Here’s what analysts expect
HDFC Bank, India’s largest private sector lender, is expected to post double-digit growth in profit and net interest income in the quarter ended December 2021, with stable asset quality and lower provisions.
Shares of HDFC Bank rose more than 1% on Jan. 14 ahead of its quarterly earnings. It has gained more than 8% since its recent low on Dec. 20, underperforming benchmarks Bank Nifty and Nifty50, which have risen more than 11% and 9%, respectively, over the same period.
Earlier this month, HDFC Bank released its provisional business figures, saying that prepayments rose 16.4% y-o-y and 5.1% q-o-q to Rs 12.6 crore, retail loans grew 13.5% y-o-y (4.5% q-o-q), corporate loan book grew y-o-y 7.5% (up 4.5% month-on-month).
The bank further said that deposits in the December 2021 quarter rose 13.8% yoy (+2.8% qoq) to Rs 1,446 crore and CASA deposits rose 24.6% y-o-y (+3.5% qoq) to Rs 681 crore. “The CASA ratio was approximately 47% as of December 31, 2021, compared to 43% as of December 2020 and 46.8% as of September 2021.”
“Net interest income increased by 12.7% year-on-year. We expect margins to stabilize at 4.3%,” ICICI Direct said.
Complete News Source : Money Control
Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
%20(3).jpg "Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise")
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
Group Media Publications
Entertainment News Platforms – anyflix.in
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Podcast Platforms – https://anyfm.in
Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
KL Rahul dangerously close to Laxman territory; to be perished for Sarfaraz Khan and Shubman Gill
Husband Mark Zuckerberg fulfils ‘disco queen’ Priscilla Chan’s demand for a party and how
Prince Narula and Yuvika Chaudhary share first pic with newborn daughter from hospital. See post
Diwali 2024 calendar: When is Diwali, Dhanteras? Know all about 5 days of festival of light
Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025
The main target now is to get the right players in: Fulton
How to stay fit during Diwali 2024: Diet tips, easy workouts, tricks to manage stress during the festive season
Aamir Khan likely to be part of Anurag Basu’s biopic on Kishore Kumar, is ‘fascinated’ by filmmaker’s approach: Report
‘My support will be with new J&K govt’: L-G Manoj Sinha ahead of Omar Abdullah’s oath-taking ceremony
.jpg "New BJP government to take oath in Haryana on Oct 17, PM Modi to attend")
New BJP government to take oath in Haryana on Oct 17, PM Modi to attend
Score for the third day of the first test between India and New Zealand: Ravindra-Southee crushes IND, NZ leads by 299 at lunch
Prince Narula and Yuvika Chaudhary share first pic with newborn daughter from hospital. See post
.jpg "Navratri special | Puja pandals in Lucknow ready to welcome Maa Durga")
Navratri special | Puja pandals in Lucknow ready to welcome Maa Durga
Massive data breach at Game Freak studios reveals shocking new dark Pokemon movie plot
BCCI avoided a costly Umran Malik mistake by using Mayank Yadav as pacer peppers speedguns on debut.
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
.jpg "Sena vs Sena showdown in Mumbai on Dussehra as poll fever rises")
Sena vs Sena showdown in Mumbai on Dussehra as poll fever rises
The anime Tokyo Revengers is back with a sequel: view the promotional trailer
Deadpool and Wolverine might shatter box office records, which would be unprecedented for an R-rated film.
Review of Bridgerton Season 3 Part 2: Nicola Coughlan excels in the most intricate and captivating season to date
Kartik Aaryan Gives a Career-Defining Performance in Chandu Champion First Review; An Excellent Biopic
Watch the trailer for Kota Factory 3 here. Fans of Jeetu Bhaiya say they’re not ready for it to end.
Kartik Aaryan on overcoming the label of “outsider”: It will remain with me, and that is alright with me.
When Does Vishwak Sen’s Film Gangs of Godavari OTT Come Out? What Platform Does It Come Out On?
Review of Gullak 4: A lovely, sentimental, and somewhat mature reunion of the Mishra family
Heli Daruwala discussing her role as Geet in Undekhi 3.
-
india2 weeks ago
‘My support will be with new J&K govt’: L-G Manoj Sinha ahead of Omar Abdullah’s oath-taking ceremony
-
Politics3 weeks ago
New BJP government to take oath in Haryana on Oct 17, PM Modi to attend
-
Sports2 weeks ago
Score for the third day of the first test between India and New Zealand: Ravindra-Southee crushes IND, NZ leads by 299 at lunch
-
TV2 weeks ago
Prince Narula and Yuvika Chaudhary share first pic with newborn daughter from hospital. See post
-
india4 weeks ago
Navratri special | Puja pandals in Lucknow ready to welcome Maa Durga
-
Entertainment.2 weeks ago
Massive data breach at Game Freak studios reveals shocking new dark Pokemon movie plot
-
spotlight4 weeks ago
BCCI avoided a costly Umran Malik mistake by using Mayank Yadav as pacer peppers speedguns on debut.
-
Business3 weeks ago
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise