News for 21-10-2018

Here are the major News for 21-10-2018 compiled from various sources, simply click on the given link to read the respective news item. Please feel free to add your comments to indulge into meaningful discussions and debates on the topics:

The Hindu:
Thousands take to streets calling for a second Brexit referendum

Massive number of supports of the European Union (EU) marches demonstrations demanding the British Govt to hold a public vote on terms of Brexit. There have been severe pressure on the nation as the time for Britain’s exit from EU is apporaching.

Business Standard:
HDFC bank net up 20.6% to Rs 50 billion in Sep quarter; Gross NPA rises by 1.33%

HDFC announced a 20.6% increase on yoy basis for Q2, with a net profit of Rs 50.05 billion. The Net NPA also came down at 0.40% of net advances.

ICICI Lombard PAT grows 43.6% at Rs 2.93 billion

ICICI Lombard General Insurance registered a 43.6% growth in PAT for Q2. Motor insurance continues to be the largest single source of revenue.

India’s logistics Industry to be worth USD215 billion by 2020-21: CARE Ratings

CARE study has observed that the Indian Logistics industry is projected to be worth USD 215 billion by 2021-21, registering a CAGR of 10%. Main factors in the growth are the strides made in manufacturing, retail, FMCG goods and e-commerce sector.

Happy Reading!

Banker Forum

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s