Rajni Thakur, Economist at RBL Bank shares her Budget 2018 expectations and lists down 3 key factors that will come into play. Watch now!
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RBL Bank posted its December quarter results on Monday: Net profit stands at Rs 2.25 billion vs Rs 1.65 billion last year; interest earned Rs 16.39 billion vs Rs 11.51 billion last year; provisions and contingencies Rs 1.61 billion versus Rs 823.1 million last year; gross NPA 1.38 per cent versus 1.40 per cent previous quarter; net NPA 0.72 per cent versus 0.74 previous quarter. Here's what RBL Bank MD and CEO Vishwavir Ahuja has to say on the numbers. (Text: Reuters)
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Here are the top stocks that are likely to be in focus in today's trading.
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I am extremely satified with this quarter's performance. We have seen healthy growth in advances, deposits, core fee income and overall opertaing performance of the bank. Margins are at an all-time high. But we are seeing the playout in recognition of provisioning which we had earlier identified in certain coporate accounts, says Vishwavir Ahuja, CEO, RBL Bank in an interview with ETNOW.
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Assessing the Impact of Non-Tariff Measures by Sebastian Saez, Lead Economist, World Bank, India Office on the Session 2: Standards as drivers/disruptors of international trade of the 4th National Standards Conclave 'Evolving a Comprehensive National Strategy for Standards Sectoral and Regional Inclusiveness' held on 1-2 May 2017 at New Delhi.
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Shubhada Rao, chief economist, Yes Bank speaks on how the RBI Governor indeed walked the talk, and opted for an unconventional 35 bps rate cut. She suggests what is the path from here.
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