MUMBAI, July 21:Private sector lender HDFC Bank today reported 21.1 per cent growth in net profit to Rs 2,233 crore for the quarter ended June 2014.
The bank had earned a net profit of Rs 1,844 crore in the April-June quarter of 2013-14, HDFC Bank said in a statement.
The total income of the bank rose to Rs 13,070.65 crore during the quarter under review, against Rs 11,588.56 crore in the same period last year.
The net interest margin for the bank declined to 4.4 per cent in the April-June quarter, against 4.6 per cent in the same period of the previous year.
However, interest earned by the bank increased 16.1 per cent to Rs 11,220.1 crore from Rs 9,663.0 crore in the same quarter last year.
The bank’s other income (non-interest revenue) surged 26 per cent to Rs 1,850.6 crore for the April-June quarter.
As of June 30, HDFC Bank’s gross non-performing assets (NPAs) increased marginally to 1.07 per cent of gross advances, against 1.04 per cent at the end of first quarter of the last fiscal.
Net non-performing assets stood at 0.3 per cent of net advances as on June 30, 2014.
Shares of HDFC Bank were trading 0.55 per cent up at Rs 837 apiece during afternoon trade on the BSE. (PTI)
HDFC Bank Q1 Net up 21% to Rs 2,233 crore
Gold futures gain on global cues
NEW DELHI, July 21: Gold prices rose 0.15 per cent to Rs 28,007 per 10 grams in futures trade today as speculators created fresh positions on positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in far-month October was up by Rs 41, or 0.15 per cent, to Rs 28,007 per 10 grams in a business turnover of four lots.
The metal for delivery in August moved up by Rs 32, or 0.11 per cent, to Rs 28,025 per 10 grams in a turnover of 264 lots.
Analysts said fresh positions created by participants, tracking a firming trend in global market as investors weighed the outlook for higher US borrowing costs against demand for a safe-haven amid unrest in Ukraine and Gaza, influenced gold prices at futures trade here.
Meanwhile, gold rose to USD 1,312 an ounce in Singapore from USD 1,310.88 on Friday. (PTI)
Silver futures rise on global cues
NEW DELHI, July 21: Silver prices edged higher by 0.32 per cent to Rs 45,895 per kg in futures trading today as participants built up fresh positions amid a firm global trend.
At the Multi Commodity Exchange, silver for delivery in far-month December gained Rs 147, or 0.32 per cent, to Rs 45,895 per kg in a business turnover of 11 lots.
Likewise, the white metal for delivery in September traded higher by Rs 136, or 0.31 per cent, to Rs 45,070 per kg in 478 lots.
Market analysts said fresh positions built up by speculators, buoyed by a firm global trend, influenced prices of the precious metal at futures trade.
Meanwhile, silver rose by 0.10 per cent to USD 20.89 an ounce in Singapore. (PTI)
2 American-Israeli soldiers killed in fighting in Gaza
WASHINGTON, July 21: The US today confirmed that two Americans who were soldiers with the Israel Defense Force have been killed in fighting in the Gaza Strip.
“We can confirm the deaths of US citizens Max Steinberg and Sean Carmeli in Gaza,” State Department Spokesperson Jen Psaki said.
24-year-old Steinberg, whose family lives in California, was a sharpshooter for the Golani Brigade and was one of 13 soldiers killed in fighting on Saturday.
21-year-old Carmeli, who was from Texas, was a soldier in the same Golani Brigade. He was killed in combat in Gaza.
No further details were immediately available.
“Out of respect for those affected by this, we have nothing further at this time,” Psaki said. (PTI)
Chief Minister, Omar Abdullah chairing a meeting at Srinagar on Monday.
Chief Minister, Omar Abdullah chairing a meeting at Srinagar on Monday.
Israel’s UN envoy denies Israeli soldier abducted by Hamas
UNITED NATIONS, July 21: Israel’s UN ambassador has denied that an Israeli soldier had been abducted by Hamas militants.
“There is no kidnapped Israeli soldier and those rumours are untrue,” said Ambassador Ron Prosor when asked about the kidnapping yesterday.
The armed wing of the Palestinian Hamas group claimed late yesterday that it had kidnapped an Israeli soldier, prompting celebrations in the streets of Gaza City.
“The Israeli soldier Shaul Aaron is in the hands of the Qassam Brigades,” a spokesman using the nom-de-guerre Abu Obeida said in a televised address. (AGENCIES)
Dental surgeons raising slogans during chain hunger strike at Jammu on Monday.
Dental surgeons raising slogans during chain hunger strike at Jammu on Monday.
Nikki Reed, Ian Somerhalder dating?
LONDON, July 21: “Twilight” actress Nikki Reed and actor Ian Somerhalder have sparked rumours that they are dating after he was seen holding her protectively as they went shopping.
The 26-year-old Hollywood beauty and “The Vampire Diaries” actor first raised eyebrows when they were pictured going for a run together, and yesterday they were seen getting very close at a farmer’s market, reported Contactmusic.
The pair, who have been friends for a long time, used to go on double dates when they were with their previous partners.
Reed was previously married to musician Paul McDonald, but they separated in March and filed for divorce in May. (PTI)
President of Rotary Club of Jammu Gurdev Singh Sodhi along with his team posing for group photograph with Minister for Horticulture, Culture and Housing Raman Bhalla and Assistant Governor Ashish Langer during installation ceremony at Amar Singh Club, Jammu on Monday.
President of Rotary Club of Jammu Gurdev Singh Sodhi along with his team posing for group photograph with Minister for Horticulture, Culture and Housing Raman Bhalla and Assistant Governor Ashish Langer during installation ceremony at Amar Singh Club, Jammu on Monday.
Discriminatory Postal Insurance
Sir,
This has reference to the editorial ‘Discriminatory Postal Insurance’ DE July 16.
Kudos to Daily Excelsior for highlighting and putting the issue of Postal Insurance in proper perspective.
It is quite heartburning that the Postal Department has adopted discriminatory attitude on levying service tax from its subscribers. It is 10.5 percent for people of Jammu region and nothing from Kashmir division.
Postal Life Insurance was introduced with the aim of benefitting employees. Instead of benefitting, if it harms it should be scrapped at once.
The Post Master General J&K Circle is requested to find a solution to this issue at the earliest, so that people could continue contributing towards their policies. Otherwise, they have been left with no option but to stop subscribing to it. People are watching closely the action, the postal Department would take in this matter.
Hope, the issue is resolved at the earliest to the satisfaction of people being discriminated right now.
Yours etc…
Akshay Aggarwal
Jammu