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Jain Irrigation trims losses even as high cost takes toll - The Hindu BusinessLine

Jain Irrigation trims losses even as high cost takes toll February 13, 2021 Jain Irrigation has reported a lower net loss of ₹123 crore in the December quarter against loss of ₹284 crore logged in the same period last year, largely due to higher cost of raw material. Revenue from operations was up at ₹1,428 crore (₹1,300 crore). Overall expenses were down marginally at ₹1,623 crore (₹1,687 crore). Raw material and finance cost were up at ₹835 crore (₹733 crore) and ₹183 crore (₹178 crore). On a standalone basis, net loss was down at ₹75 crore against loss of ₹183 crore registered last year while revenue was up at ₹522 crore (₹352 crore). Anil Jain, Managing Director, Jain Irrigation, said the quarter started of with scepticism and uncertainty over Covid, but in reality the impact on business was manageable.

Jain irrigationManaging directorJain farm fresh foodsInter creditor agreementJain irrigation resultsAnil jainஜெயின் நீர்ப்பாசனம்நிர்வகித்தல் இயக்குனர்ஜெயின் பண்ணை புதியது உணவுகள்ஜெயின் நீர்ப்பாசனம் முடிவுகள்அனில் ஜெயின்

IDBI Bank posts Q3 net profit of ₹378 crore - The Hindu BusinessLine

IDBI Bank posts Q3 net profit of ₹378 crore January 28, 2021 × IDBI Bank reported a net profit of ₹378 crore in the third quarter ended December 31, 2020, against a net loss of ₹5,763 crore in the year-ago period. The bottomline was buoyed by a 89 per cent year-on-year (y-o-y) decline in provisions for bad loans, ₹105 crore write-back in provisions for depreciation in investments, and ₹323-crore profit the bank booked by selling a portion of its stake in its life insurance joint venture. Net interest income (difference between interest earned and interest expended) was up 18 per cent y-o-y at ₹1,810 crore (₹1,532 crore in the year-ago period). Other income, including income from activities such as commission, fees, earnings from foreign exchange and derivative transactions, profit and loss from sale of investments and recoveries from written off accounts, increased 7 per cent yoy to ₹1,368 crore (₹1,279 crore).

Rakesh sharmaSupreme courtIdbi bankInter creditor agreementராகேஷ் ஷர்மாஉச்ச நீதிமன்றம்இட்பி வங்கி

Delhi HC directs HDFC to keep fraud categorisation in abeyance: RHFL

December 31, 2020 Total financial indebtedness of RHFL, including short-term and long-term debt, was ₹12,767 crore Reliance Home Finance Ltd (RHFL) said the Delhi High Court has also extended the stay in relation to action by HDFC Bank, placing the company in the category of ‘Fraud’. Referring to its regulatory filings on August 17, 2020 and November 24, 2020, RHFL said the Delhi High Court had directed Bank of Baroda, Punjab National Bank, State Bank of India, Federal Bank, Indian Bank and Bank of Maharashtra to keep in abeyance the placing of the company in the category of ‘Fraud’. “The Delhi High Court has further extended the stay in relation to similar action by HDFC Bank,” says a late evening filing on December 30, 2020.

Reliance home finance ltdIndian bankPunjab national bankDelhi high courtState bankFederal bankInter creditor agreementReserve bankPrudential frameworkStressed assetsநம்பகத்தன்மை வீடு நிதி லிமிடெட்இந்தியன் வங்கிபஞ்சாப் தேசிய வங்கிடெல்ஹி உயர் நீதிமன்றம்நிலை வங்கிகூட்டாட்சியின் வங்கி

Lenders to work out recast plan jointly with borrowers, says RBI

Lenders to work out recast plan jointly with borrowers, says RBI
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Kamath committeeEconomic bureau mumbaiReserve bankInter creditor agreementகாமத் குழுபொருளாதார பணியகம் மும்பைஇருப்பு வங்கி