Chennai, 29 January 2025: G Square, India’s largest real estate developer and Tamil Nadu’s leading plot promoter, has announced its strategic venture into alternate real estate verticals such as villas and apartments. Widely recognized as the pioneer of organized plotted development within urban city limits, G Square now aims to …
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Indian Bank Financial Results for the Quarter/Nine Month ended 31st December 2024
Key Highlights (Quarter ended Dec’24 over Dec’23) Bank’s Global Business is at ₹12.61 lakh Cr, up by 8% YoY • Net Profit up by 35% YoY at ₹2852 Cr in Dec’24 from ₹2119Cr in Dec’23 • Operating Profit improved by 16% YoY to ₹4749 Cr in Dec’24 from ₹4097 Cr in Dec’23 • Net Interest Income increased by 10% YoY to ₹6415 Cr in Dec’24 from ₹5815 Cr in Dec’23 • Fee based income grew by 9% YoY to ₹931 Cr in Dec’24from ₹852 Cr in Dec’23 • Return on Assets (RoA) up by 28 bps to 1.39% in Dec’24from 1.11% in Dec’23 • Return on Equity (RoE) increased by 108 bps to 21.00% inDec’24 from 19.92% in Dec’23 • Yield on Advances (YoA) up by 14 bps to 8.92% in Dec’24from 8.78% in Dec’23 • Yield on Investments (YoI) increased by 32 bps to 7.12% in Dec’24 from 6.80% in Dec’23 • Cost-to-Income Ratio reduced by 234 bps to 44.56% in Dec’24 from 46.90% in Dec’23 • Gross Advances increased by 10% YoY to ₹559199 Cr in Dec’24 from ₹509800 Cr in Dec’23 …
Read More »Chinmaya Mission and Sanatana Seva Sangham Release “Upanishad Ganga” in Multiple Languages
Chinmaya Mission and Sanatana Seva Sangham have jointly translated and released the acclaimed series Upanishad Ganga in Tamil, Telugu, Malayalam, Kannada, and English. The grand release event took place at the Chinmaya Heritage Centre in Chetpet, Chennai, with the esteemed presence of Swami Swaroopananda, the Global Head of Chinmaya Mission. …
Read More »L&T Finance Ltd. (LTF) records Consolidated Profit After Tax (PAT) at Rs. 2,007 Crore for the nine months ended December 31, 2024
Chennai, Jan. 2025 L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in India has recorded a consolidated PAT at Rs. 2,007 Crore for the nine months ended December 31, 2024, a growth of 14% over nine months ended December 31, 2023. The consolidated PAT for the third …
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