Emkay Global Financial Services Ltd | Indusind Bank Q4FY17 earnings first cut: Strong operating performance; One-off provisions leads to earnings miss

–          Net interest income +31% yoy (+6% qoq) to Rs16.67bn –          Other income +33% yoy (+19% qoq) to Rs12.1bn –          Opex +27% yoy (+6% qoq) –          PPOP +37% yoy (+15% qoq) to Rs15.7bn –          Provisions 101% yoy (+98% qoq) to Rs4.3bn – includes one-off provision of Rs1.2bn towards one large corporate loan (classified as standard asset); Mgmt. indicated that the […]

Continue reading


Rendez-Vous à Roland-Garros masters event

Siddhant J Banthia and Malikaa Marathe emerged victorious in the boys and girls division respectively in the third edition of ‘Rendez-Vous à Roland-Garros in partnership with Longines’ at the Delhi Lawn Tennis Association here on Wednesday. The joint initiative by the French Tennis federation (FFT) and All India Tennis Association (AITA) saw some of India’s top […]

Continue reading