The company had posted a net profit of Rs 2,166 crore (Rs 21.66 billion) during the April-June quarter a year ago.
Police personnel in adequate strength were deployed across the state to maintain law and order, officials said.
Total revenue came in at Rs 20,422 crore for the September quarter, which was 6.2 per cent lower than Rs 21,777 crore notched in the year-ago period.
A tough initial lockdown was imposed beginning March 25 but dreams of a V-shaped recovery after it was eased in May have been obliterated by a surge in cases and new lockdowns.
The location of the landfall is north of Dhamra and south of Bahanaga, close to Bahanaga block, on the coast, around 50 km of Balasore, he said.
The bank's gross non-performing assets rose to 10.69 per cent of total advances at the end of June, against 9.97 per cent a year ago.
The world organisation said UN humanitarians and partners were working hard to assist the people of Bangladesh and India suffering from the impact of the cyclone, which made landfall on Wednesday, wreaking havoc, causing high tidal surges, flooding and embankments to collapse.
Allegations are flying thick and fast, from harassment, pressure on employees to sell their stocks in the firm, to not one but two extortion calls.
'Aggressively stepping up vaccinations will constitute the most enduring stimulus of all in the coming quarters,' observes Sajjid Z Chinoy, Chief India Economist at J P Morgan.
'By November 2020, men recovered most of their lost jobs, but women were less fortunate: 49 per cent of the job losses by November were of women.' 'The recovery has benefited all, but it benefited women less than it did men,' notes Mahesh Vyas.
SBI chief Rajnish Kumar said the focus going forward will be on cost reduction, rationalisation and reskilling of workforce, improving staff productivity and redeployment of workforce from admin offices to sales roles.
Bharti Airtel said net sales rose 7.9 per cent
Sahil, 26, a resident of north Gonda area, says his father, Parvez Alam, 50, ran a garage and was trying to pacify people from both communities to not engage in violence.
The RLD has aligned with the Samajwadi Party and Bahujan Samaj Party in UP and is attacking the state government on farm distress and the outstanding sugarcane dues.
After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank's comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent. Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.
'We keep worrying about this variant or that variant. Forget about that.' 'Every variant can be stopped with a mask.' 'We don't want to do the simple thing of wearing a mask, but we worry ourselves to death about different variants.'
A grouping of Indian and Indian-origin professionals working with tech giants like Google, Uber, Amazon and Facebook have written an open letter against the new religion-based citizenship law and the planned national register of citizens, terming them as "fascist". The letter by 'TechAgainstFascism' on online publishing platform Medium also urged the leaders to refuse to shut off the Internet at the "government's whim" and to ensure that content moderation is not skewing pro-government.
The country's largest lender SBI on Thursday reported a 4.20 per cent decline in consolidated December quarter net at Rs 6,257.55 crore, largely because of a higher base in the year-ago period where it had benefitted from a Rs 4,500 crore one-off income. On a standalone basis, the city-headquartered lender's net profit came in at Rs 5,196.22 crore as against Rs 5,583.36 crore in the year-ago period and Rs 4,574.16 crore in the preceding September quarter. SBI chairman Dinesh Kumar Khara told reporters that the year-ago period had seen the resolution of the Essar Steel loans, resulting in an over Rs 4,000 crore interest income and Rs 500 crore other income benefit.
Interest rates on all loans linked to MCLR stand reduced by 5 bps with effect from May 10, 2019: SBI
The journey of getting used to a new way of life -- without domestic help, without the necessity of dressing up to step out and just staying cooped up indoors -- has been out of the ordinary, equal parts good, bad and ugly.
There will be corresponding price revisions on petrol and diesel in other states on account of change in dealer commission
All eyes were as India as it celebrated its 69h Republic Day on Friday with the 10 ASEAN leaders as chief guests. The mood was upbeat across the country. Rediff.com brings you glimpses of the celebrations.
A collection of oddball, amazing moments from the world!
Rediff.com brings you some of the highlights from the sporting events held last week...
Promoter shareholders -- Vodafone Group and Aditya Birla Group -- have reiterated to the board that they intend to contribute up to Rs 11,000 crore and up to Rs 7,250 crore, respectively, amounting to a total of Rs 18,250 crore, as part of the Rs 25,000-crore rights issue.
In a setback to telecom service providers, the Supreme Court on Thursday allowed the Centre's plea to recover adjusted gross revenue (AGR) of about Rs 92,000 crore from them.
Asian Games gold medallist Swapna Barman will receive seven pairs of customised shoes, one each for the different events of Heptathlon, sports giants Adidas announced on Monday.
Branded and packaged edible oils are currently selling at around 50 per cent premiums over their loose varieties. Hence, products using edible oils would be costlier going forward.
Authorities have put almost the entire country under lockdown, banning gathering of people and suspending road, rail and air traffic till March 31.
Here's a recap of moments captured in India in the last week.
The biggest worry is not the shrinking of the labour market, but the collapse of good jobs.
At least two of them - Lava and Micromax - are arming themselves against the Chinese rivals which made them insignificant in the local market over the past few years.
In terms of industries, 22 out of 23 industry groups in the manufacturing sector showed positive growth during July 2018.
The biggest spend (Rs 4,406 crore) was for Schedule VII (II), which involves "promoting education, including special education and employment enhancing vocation skills, especially among children, women, elderly and the differently abled and livelihood enhancement projects". The FY19 spend was 17.2 per cent higher than Rs 1,0128.3 crore spent during the previous year.
The coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank.
Exporters are of the view that while direct exports to Pakistan will be nearly nil this month, and in the coming few months, alternative markets can be explored for exporting tea, which was originally meant for Pakistan.
Such an economic environment tends to be positive for gold, the ultimate safe-haven asset. Since gold cannot be debased by central banks, it naturally gains in value.
SBI said revision of saving bank rate will enable the bank to maintain MCLR based lending rate at existing rates.
We knew from the moment the pandemic took hold that this would be a long haul -- at least 12 to 18 months. Nothing should have changed that assessment, says Mihir S Sharma.
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