Net profit was Rs 156 crore earlier. The bank s net interest margin (NIM) for the quarter was at 5.11% in line with the guidance even as it was 41 basis points lower than the year ago quarter.
The RBI approved amendment to the dilution schedule of shareholdings of promoter FIH Mauritius Investments, in the paid-up capital of the bank, which is in line with the extant RBI Master Direction.
Tata Communications is currently demonstrating a strong momentum, as it is approaching record high level. A flag breakout on the weekly chart suggests a continuation of the upward trend.