Read more about Exim Bank sees India s Q1 merchandise exports at $87.2bn on Business Standard. Export-Import Bank of India (Exim Bank) has projected India s total merchandise exports for the first quarter of FY22 to reach $87.2 billion.
Mahindra & Mahindra Financial Services (M&M Finance) reported 8.4% decline in consolidated net profit to Rs 218.84 crore on 3% fall in total income to Rs 3038.37 crore in Q4 March 2021 over Q4 March 2020.The NBFC s profit before tax fell 16.6% to Rs 255.65 crore in Q4 March 2021 over Q4 March 2020. Pre-provisioning operating profit grew 2.8% year on year to Rs 1,152 crore in Q4 March 2021.
Provisions and writeoff rose 10.7% to Rs 910 crore in Q4 March 2021 from Rs 822 crore in Q4 March 2020. The company said disbursement for Q4 March 2021 declined 14% to Rs 6394 crore from Rs 7,452 crore posted in Q4 March 2020.
On a consolidated basis, the total income increased marginally by 1% at Rs 12,171 crore during the year ended March 2021, as against Rs 11,996 crore during the corresponding period last year. Profit Before Tax (PBT) stood at Rs 934 crore for the financial year ended March 2021, as against Rs 1,602 crore during the corresponding period last year, a decline of 42% over the s