Ujjivan Small Finance Bank appoints Carol Furtado as OSD after Nitin Chugh's resignation businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
After two days of strong gains, Indian benchmark indices could take a breather amid tepid global market cues and some profit-taking at the higher levels. Although, lack of a fresh spurt in Covid cases could help cap the downside. Besides, the Q4 earnings season has been healthy so far, providing support to market sentiments. At 7.30 am, SGX Nifty was trading 80 points lower at 15,081, indicating a negative start for the benchmark indices. In the overnight session, US stocks declined for a second day with losses steepening in the final 15 minutes of trading as investors weighed the rush to reopen the economy against inflationary pressure from a rise in commodity prices.
The bank had posted a net profit of Rs 90 crore in the October-December quarter of 2019-20. Ujjivan SFB said there was a loss of Rs 279 crore in Q3 FY21 on account of accelerated credit provisioning. The total income of the bank grew by a marginal 1 per cent to Rs 789 crore in Q3 FY21 as against Rs 782 crore in the same period of 2019-20, Ujjivan Small Finance Bank said in a regulatory filing. Its net interest income was up at Rs 432 crore as against Rs 427 crore. However, treasury income more than doubled to Rs 93 crore during the quarter from Rs 39 crore.