Yes Bank will be watched after Q2 numbers

Yes Bank's net profit rose 25.1% to Rs 1002.73 crore on 21.4% growth in total income to Rs 6048.78 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 26 October 2017.

The bank's gross non-performing assets (NPAs) stood at Rs 2720.34 crore as on 30 September 2017 as against Rs 1364.38 crore as on 30 June 2017 and Rs 916.68 crore as on 30 September 2016.

The ratio of gross NPAs to gross advances stood at 1.82% as on 30 September 2017 as against 0.97% as on 30 June 2017 and 0.83% as on 30 September 2016. The ratio of net NPAs to net advances stood at 1.04% as on 30 September 2017 as against 0.39% as on 30 June 2017 and 0.29% as on 30 September 2016. The bank's provisions and contingencies surged 176.52% to Rs 447.06 crore in Q2 September 2017 over Q2 September 2016.

ICICI Bank, ITC, Maruti Suzuki India and Indian Oil Corporation will announce July-September 2017 quarterly results today, 27 October 2017.

Biocon's consolidated net profit fell 53.10% to Rs 68.80 crore on 2.41% increase in net sales to Rs 968.60 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 26 October 2017.

TCS and ACORD, the global data standards-setting body for the insurance industry, announced yesterday, 26 October 2017, an exclusive initiative to modernize the insurance industry by providing enhancements to ACORD's Reference Architecture. TCS will work with ACORD to develop defined data models and standards to allow insurers to address digital transformation, and more easily embrace emerging technologies. The announcement was made after market hours yesterday, 26 October 2017.

GIC Housing Finance's net profit rose 22.05% to Rs 41.95 crore on 10.9% growth in total income to Rs 274.11 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 26 October 2017.

Majesco announced a partnership with Denim, creator of the mobile and social media marketing platform that changes the way insurance and financial services companies advertise, engage, and sell. Denim is the first to integrate with Majesco's DigitallSt EcoExchange, enabling the next era of customer engagement and supporting a new generation of business models and products. The announcement was made after market hours yesterday, 26 October 2017.

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