#fy14

Riken Mehta Follow me on Twitter @mehtariken The first quarter earnings season (April-June 2013) for the fiscal year 2014 is panning out as predicted by the market experts. Pharma, IT and consumption stocks are beating street expectations while rate sensitives (metals, capital goods and cement are likely to) disappoint. It’s been early days so far in the current earnings season but the estimate seems to be pretty accurate. Large and mid-sized IT companies have outperformed by a wide margin on rupee depreciation along with the revival in US economy. Major banks and auto companies have struggled to meet the street estimates so far. Selective agro-based companies have managed to surprise the street with its better-than-expected earnings and with monsoon being good so far one could imagine the current quarter might pan out even better for these companies. Let’s take a look at the companies that have hit 52-week high post stellar results in this month so far. It will be interesting to see by the end of earnings season the number of midcap and smallcap companies that have hit 52-week high/low post results. * The list will be updated periodically

New Post has been published on http://www.newsfrombanks.com/rbl-bank-reports-flat-web-profit-development-for-fy14-about-rbs-buy.html

RBL Bank reports flat web profit development for FY14 about RBS buy

Private sector lender RBL Bank (earlier recognised as Ratnakar Bank) reported flat profit development for 2013-14, that rose by Rs 1 crore to Rs 93 crore. This was about account of one-off charges which the bank had to pay to Royal Bank of Scotland (RBS) inside India for purchase of their company.

Last year, RBL had acquired RBS’s commercial plus mortgage portfolio together with its credit card company inside India for an undisclosed amount.

However, the internet profit without taking into account this one-off charge was Rs 134 crore, up 44% from last year. Net total money was additionally up 57% to Rs 603 crore at the finish of March 2014 from Rs 384 crore inside the last financial year.

The Kolhapur-based bank which began its revamping its brand plus branch presence inside 2010 has equally managed to develop it advances by 54% year about year to Rs 9,835 crore. From regarding just 50 divisions, mostly concentrated inside Maharashtra plus Karnataka, until 2010, the bank has today managed to incorporate 135 divisions plus has furthermore grown its ATM network to 350 by the finish of financial year 2014.

In the same period, deposits equally grew by 39% year about year to Rs.11,599 crore. The bank has furthermore been functioning at growing inside active account plus savings account deposits (Casa), well-known as low-cost deposits.

“While you have watched substantial positive traction inside CASA build up over the previous financial year, you continue to focus about this region to create greater returns. Our sturdy remote network has enabled the Agri- Banking plus financial Inclusion companies to become an key piece of the revenue model,” mentioned Vishwavir Ahuja, Managing Director & CEO of RBL Bank.

Gross plus Net Non operating assets (NPAs) for the bank continue to stay low at 0.79% plus 0.31%, respectively. The bank furthermore remains perfectly capitalised plus with all the infusion of Rs 1500 crore over the last 3 years plus today its capital adequacy ratio stands at 14.64%.

Short version:

NEA funding almost back to FY12 levels instead of cut in half. 

Arts in Ed stays its own Department of Ed program instead of being consolidated and it's funding was entirely restored to FY12 levels.

Calling your elected officials works, guys.