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The bank posted a net profit of Rs 257.31 crore for the same quater a year ago.
It said while raising capital is important for banks, capital conservation will also be crucial as the moratorium ends on August 31 and banks will start recognising stress.
The Andhra Pradesh CID has registered an FIR against former Andhra Pradesh CM N Chandrababu Naidu, former municipal administration minister Dr P Narayana, Heritage Foods Ltd, and 12 others, for alleged irregularities in the construction of an internal ring road in Amaravati. Notably, Dr Narayana was arrested on Tuesday in connection with the SSC paper leak case.
A week after D Gukesh won the Candidates tournament to become the youngest-ever World Chess Championship challenger, Magnus Carlsen has heaped praise on 17-year-old Indian prodigy. The World No.1 called Gukesh a “wonderful guy who was very quiet and humble and had a great curiosity when it comes to everything about chess”.
During his interaction with the workers, Stalin informed them that the news about attacks on migrant workers in the state are mere rumours spread on social media and the government is here to ensure their safety.
The court of Jagdishkumar Suthar, additional sessions judge and special judge (rape), acquitted the principal of the government primary school in the case of rape, sexual harassment and criminal intimidation. The teacher was booked by police and chargesheeted after a female teacher who was posted as an assistant teacher in the same school filed a complaint against him on August 14, 2015, alleging he sexually harassed and raped her repeatedly between 2008 and 2015. However, the court pronounced the principal innocent, saying the prosecution had failed to prove its case. The court also ruled that the teacher had filed the complaint with a mala fide intent. The court pronounced the judgement on Tuesday and the detailed judgement became available on Wednesday.
In the intraday session, Sensex hit a low of 63,912.16, while the Nifty 50 fell to 19,074.15.
The stock further rose from its opening levels and touched a high of Rs 473.65 on the BSE and Rs 472.80 on the NSE during the first 10 minutes of trade.
