Non-performing asset
The government is making considerable changes in the exit policies for the road developers and is trying to safeguard the interest of the banks, financial institutions and other lenders. The government is actively considering allowing lenders to substitute developers even before the project’s commencement of commercial operations. This move was decided as there was a lukewarm [...] Continue Reading »
A net profit of Rs. 370 crore for the quarter ended March 31, up 17.03% y-o-y, was posted by LIC housing on Monday. Compared to Rs.1,023.21 crore last year, net profit for FY14 stood at R1,317.19 crore, an increase of 29%. Net interest margins (NIM) for the entire year were at 2.25%, an increase of [...] Continue Reading »
A property belonging to film producer and director Gautham Vasudev Menon in Adyar is at auction by The Kotturpuram branch of Indian Bank which is also inviting tenders for it. The auction process for the property located on First Main Road in Indira Nagar, has begun with the tender value being quoted at 12.26 crore, [...] Continue Reading »
