By Kate Weber on May 6, 2021 12:44PM
Now well advanced with cloud migration.
NAB said a major insourcing drive had brought forward timelines on big projects and led to an upskilling of internal IT staff.
The bank reported its own in-house technology and operations now represented 68 percent of its technology workforce, up from 30 percent three years ago.
NAB said that since 2018, it has built approximately 120 microservices and 1600 APIs - up from 1200 in September last year, and has moved 45 percent of its apps to run in the cloud.
In its half-year results released Thursday, NAB chief executive Ross McEwan said technology is “critical” to “achieving or strategic growth and cost ambitions”.
The European Investment Bank is the lending arm of the European Union. We are the biggest multilateral financial institution in the world and one of the largest providers of climate finance.
AU Small Finance Bank reported 38% jump in net profit to Rs 169 crore in Q4 FY21 from Rs 122 crore in Q4 FY20.
Total income was at Rs 1569.01 crore in Q4 FY21, up by 14.8% from Rs 1366.60 crore in Q4 FY20.
Net interest income (NII) increased by 18% year-on-year (YoY) to Rs 656 crore during the quarter.
The bank said that in Q4 FY21, NII was impacted due to interest reversals of Rs 66 crore on account of NPA tagging of borrower accounts in compliance with RBI circular of 7th April. The bank had made Rs 38 crore of provisions against these reversals which were utilized during the quarter. The NII growth was, however, aided by a reduction in cost of funds by 86 bps.
Business
April 13, 2021
ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) posted a net profit of Rs1.606 billion during the quarter ended March 31, 2021, showing seven percent growth in revenues for the first time since Q1 of 2014, a statement said.
The company posted a loss of Rs406.724 million during the same period last year.
The company did not announce any cash dividend. “The significant growth in revenues was mainly driven by strong performance in consumer segment and continued growth momentum in business services that supported PTCL in posting seven percent growth in revenues for the first time since Q1 of 2014. This was achieved despite the negative effects of the coronavirus pandemic,” the statement said.
Face of gambling addict who secretly used girlfriends details to get cash loans to blow on bets You took advantage of the women in your relationships , judge told him
Updated
Jamie O Sullivan
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