IOB had reported net non-performing asset (NPA) of Rs 1,364 crore for the September quarter, with net NPA ratio of 0.68 per cent. This was against Rs 4,148 crore in net NPA and an net NPA ratio of 2.56 per cent in the same quarter last year.
ITAT Delhi held that ‘mark to market’ loss on future and forward contracts are not notional loss of contingent nature. Accordingly, foreign exchange fluctuation loss as claimed by the assessee allowed.
Suzlon Energy topped the volume chart on NSE. The wind turbine maker saw 20,02,86,879 shares changing hands, as the scrip drop 1.02 per cent to Rs 29.20 on the exchange.
State-run lender IOB topped the volume chart on NSE. The stock climbed 3.31 per cent to Rs 45.30, as 20,37,39,453 shares worth Rs 950 crore changed hands on the counter by 1 pm.