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Tuesday
January 2021
2:57 PM IST
News Headlines
England beats Sri Lanka by 7 wickets in 1st test        Fourth Test: Rain forces early stumps with India at 4-0 while chasing 328 to win        Three UK partners with TCS to accelerate 5G network rollout        3 Adani Group-owned domestic airports accredited in ACI health accreditation programme        N. Korea''s parliament rubber stamps new development plans        Kremlin critic Navalny detained after landing in Moscow        'Rooting hard for you': Will departure notes end with Trump?        Tandav controversy: FIR against director, Amazon India head of content        Smiles, sanitizers welcome students as schools reopen in Delhi        COVID-19: India records lowest fatalities in eight months        Proposed tractor rally on Jan 26: It's law & order matter, says SC on plea for injunction against it        PM flags off 8 trains to boost connectivity to Statue of Unity        Fire in luggage van of running train doused in time in Kerala        Kerala logs 5,005 new COVID-19 cases, 4,408 recoveries        Farmer unions say they will go ahead with tractor march in Delhi on Republic Day        Kremlin critic Navalny departs Berlin on Moscow-bound flight        Cargo ship sinks in the Black Sea; 3 dead, 6 rescued        4th Test: Australia 21/0 at stumps, lead India by 54 runs after Sundar, Thakur fightback        NorthEast end winless streak to bag crucial points against Jamshedpur        India take tea break at 62/2, replying to Australia's 369        
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Business News
HDFC Bank Q2 net profit rises 16% to Rs 7,703 cr
 
New Delhi: HDFC Bank on Saturday reported a 16 per cent rise in its consolidated net profit at Rs 7,703 crore for the second quarter ended September 30.

The private sector lender had posted a consolidated net profit of Rs 6,638 crore in the corresponding quarter a year ago.

Total consolidated income during the quarter under review rose to Rs 38,438.47 crore as against Rs 36,130.96 crore in July-September 2019, the bank said in a release.

On asset front, gross non-performing assets (NPAs) of the bank fell to 1.08 per cent of the gross advances as on September 30, 2020, as against 1.38 per cent a year earlier.

In absolute value, gross NPAs or bad loans reduced to Rs 11,304.60 crore from Rs 12,508.15 crore.

Likewise, net NPAs too came down to 0.17 per cent (Rs 1,756.08 crore) from 0.42 per cent (Rs 3,790.95 crore).

However, its provisioning for bad loans and contingencies rose to Rs 3,703.50 crore for the second quarter of FY21 as against Rs 2,700.68 crore parked aside for during the same period a year ago.

Consolidated advances grew by 14.9 per cent to Rs 10.89 lakh crore at the end of September 2020 from Rs 9.47 crore a year earlier, HDFC Bank said.

Meanwhile, the lender informed that its board of directors at the meeting held on Saturday approved appointment of Sashidhar Jagdishan as an additional director and also managing director and chief executive officer of the bank.

His appointment is subject to the approval of the shareholders of the bank. Jagdishan's appointment will be for a period of three years starting October 27, 2020, as approved by the Reserve Bank of India vide its email dated August 3, 2020, it said.


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KERALA NEWS
Fire in luggage van of running train doused in time in Kerala
 Thiruvananthapuram: A fire broke out in a luggage van of a running train in Kerala on Sunday and was  
Kerala logs 5,005 new COVID-19 cases, 4,408 recoveries
5,960 new COVID-19 cases, 27 deaths in Kerala
Kerala transport corporation MD alleges Rs 100-crore scam
INTERNATIONAL NEWS
N. Korea''s parliament rubber stamps new development plans
 Seoul, Jan 18 (AP) North Korea's rubber-stamp parliament has passed decisions made by a major ruling
Kremlin critic Navalny detained after landing in Moscow
'Rooting hard for you': Will departure notes end with Trump?
Kremlin critic Navalny departs Berlin on Moscow-bound flight
NATIONAL NEWS
Tandav controversy: FIR against director, Amazon India head of content
 Lucknow Jan 18 (PTI) An FIR has been lodged here against the makers of web series 'Tandav' and Amazo
Smiles, sanitizers welcome students as schools reopen in Delhi
COVID-19: India records lowest fatalities in eight months
PM flags off 8 trains to boost connectivity to Statue of Unity
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