Business

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 …

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 …

Chennai – January  2025 – Four Points by Sheraton, part of Marriott Bonvoy’s global portfolio of over 30 extraordinary hotel brands, announced the opening of Four Points by Sheraton Chennai Velachery. Nestled in one of Chennai’s most dynamic neighbourhoods, the hotel is designed to cater to both business and leisure travellers, offering a memorable experience with a thoughtful blend of cultural inspiration and uncomplicated comfort.  (L-R Executive Suite Room and Standard Room) Strategically located just 10 kms from Chennai …

Chennai, January 2025:   City Union Bank wins seven awards in the recently concluded ‘20th annual Technology Conference, Expo, & Citations 2024’ held at Mumbai on 24th January 2025. CUB is getting awards in all the seven categories from IBA for the second year in row.  The IBA awards are aimed at rewarding Best Technology Providers in the Banking Industry, encouraging competition in …

Chennai,  January 2025: Kalyan Jewellers, one of India’s most-trusted and leading jewellery brands, has announced the launch of two new showrooms in Guduvanchery, GST Road, and in Purusaiwalkam, Millers Road. The Guduvanchery showroom will also be equipped with their lifestyle brand, Candere. The new showrooms will be inaugurated by Actor and Brand Ambassador Prabhu Ganesan, which will offer service-backed shopping experience to patrons. These showroom inaugurations arescheduled to take place at 11 am in Guduvanchery and 5 pm in Purusaiwalkam, on January 28. Celebrating the …

GRT Jewellers, a trusted name in fine jewellery for six decades, marks its 60th anniversary with a remarkable achievement – breaking its own Guinness World Record. The brand has once again etched its name in the Guinness World Records by surpassing its own previous record. This time, it unveiled the …

Chennai, January 2025: The legal fraternity came together for a grand felicitation ceremony celebrating six decades of exemplary service by Mr. A.K. Mylsamy, one of India’s most distinguished legal luminaries. The event brought together esteemed dignitaries, legal professionals, and well-wishers to honour hiscontributions to the field of law and his profound influence on the legal community. Mr. Mylsamy’s journey commenced in 1974 independentlyand moved to the formation of A.K. Mylsamy and Associates LLP, the prestigious law firm. Over the years, …

Chennai:  In a landmark move to revolutionize clinical training in India, RED Health, Asia’s only JCI-accredited and India’s largest emergency medical response platform,  has successfully acquired a majority stake in TACT Academy for Clinical Training, India’s first simulation-based healthcare training centre. The announcement was made during a press conference, marking …

Chennai, January 2025: A 10 member Australian EdTech delegation visited Chennai to explore and grow their footprint in the online education market. Organised by the Australian Trade and Investment Commission (Austrade) under the Australian Government’s Australia India Business Exchange program, the objective of the visit was to foster partnerships that enhance …

Chennai, January 2025: The Hyatt Regency Chennai is delighted to present Mekong Culinary Adventure, an extraordinary culinary experience with vibrant flavors inspired by the extensive travels acrossEast Asia. Celebrate the monsoon season with a menu crafted from the freshest seasonal ingredients, offering guests a unique and immersive dining experience from the 29th January till 2nd of February, 2025, at Stix. Stix, known …