From India Inc preparations for Brexit to Rahul Bajaj stepping down from executive role, Business Standard brings you the top 10 headlines for the day
One-time pension charge, higher provisioning impact profits
The value of MF holdings in in ICICI Bank increased by Rs 2,900 crore in December
The Chennai-headquartered mid-sized private sector bank has been headless since mid-September after the then chief executive Parathasarathy Mukherjee left before the completion of his three-year term
On a standalone level, which represents the banking operations, PBT at Rs 2,100.63 crore was up 20.6 per cent YoY, while net profit was up 51 per cent YoY to Rs 1,724.48 crore
At the standalone level, the bank reported a 33 per cent rise in net profit to Rs 1,360 crore from Rs 1,025 crore in the year-ago quarter
Total consolidated income rose 27 per cent year-on-year to Rs 13,823 crore
A division bench of Justice A S Oka and Justice M S Sanklecha was hearing a petition filed by the bank
Manian is currently working as the president - corporate, investment bank
Net NPA stood at 0.67% for the present quarter, against 0.94% in the year-ago quarter
The matter will be heard next on January 17, 2019
The court said it would hear the case next on January 17
RBI had turned down the bank's stake dilution plan through non-convertible preference shares
The share sale took place at a weighted average price of Rs 1,130. ING raised around Rs 14.4 bn
Gross NPAs, fell to 1.91 per cent for the September quarter, against 2.14 per cent in the year-ago quarter
Bank says it has met requirement and will engage with central bank
The bank issued one billion non-convertible perpetual non-cumulative preference shares of a face value of Rs 5 each to investors
Total income up 15% YoY to Rs 99 bn; Gross NPA at 1.93% for the quarter, against 2.24% a year ago and 1.95% in the immediately preceding quarter ended March 2018
Jubilant FoodWorks, Nestle India, Pidilite Industries and Exide Industries were among 23 stocks from the S&P BSE500 index hitting new highs on the BSE on Wednesday.
Consolidated capital adequacy ratio improved to 18.82% as on March 2018, up from 16.77% a year ago