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YES Bank net falls 91% in Q1

DNMUM439451 | 7/18/2019 | Author : DNA Money Correspondent | WC :383

Mumbai: Private sector lender YES Bank on Wednesday reported a 90.97% year-on-year drop in its net profit for the April-June quarter at Rs 113.76 crore on account of lower income and higher provisioning.
Sequentially, the company reported a net loss of Rs 1,506.64 crore in the March quarter.
Other income, which includes fees and commission earned from guarantees or letters of credit, loans, financial advisory fees, declined to Rs 1,272.66 crore in April-June quarter as against Rs 1,694.14 crore in the corresponding period last fiscal, whereas the bank’s provisions during the quarter increased to Rs 1,784.11 crore as against Rs 625.65 crore. However, in the March quarter, the company kept aside Rs 3,661.70 crore in provisions. The d
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Home loan: Pick HFCs over banks
DNMUM441441 | 8/19/2019 12:00:00 AM | Author : Abeer Ray | WC :897

Customers looking to borrow home loans either apply from banks or non-banking housing finance companies (NBFCs). However, seeking loans from any of them involves myriad factors that one must know.
Choosing between banks and NBFCs for home loans<
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‘It’s not a doomsday scenario for FMCG cos’
DNMUM441442 | 8/19/2019 12:00:00 AM | Author : Ashish K Tiwari | WC :1614

One of the things that the top executive of the fast-moving consumer goods (FMCG) firm Marico drives is ‘boringly consistent’ in terms of growth in volumes and profitability. Saugata Gupta, managing director and chief executive officer, Marico Ltd, i
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Over 4 lakh affordable houses unsold
DNMUM441446 | 8/19/2019 12:00:00 AM | Author : DNA Correspondent | WC :176

Mumbai: The inventory pile-up is not restricted to luxury apartments only as there are over four lakh apartments in the affordable segment still lying unsold across nine cities in the country. However, there is some good news for the latter. The dema
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St may stabilise as FPI exodus slows
DNMUM441447 | 8/19/2019 12:00:00 AM | Author : DNA Correspondent | WC :230

Mumbai: As the volatility has started showing signs of reversal on the back of reduced selling by foreign portfolio investors (FPIs), Nifty may see consolidation around 11000 this week, according to market experts.
Dharmesh Shah, head – technical
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