GopartReports

Mumbai : Shriram Housing Finance Limited, a leading affordable housing finance company announced its results for Q3 FY’24. Assets Under Management (AUM) as of end of the calendar year grew to INR 12,025 Cr. The disbursals for the quarter stood at INR 1,698 Cr, up 70% YoY. The company has maintained an accelerated growth momentum in 9M FY’24, with overall disbursals of INR 5,289 Cr within this period. Asset quality improved with Gross Stage-3 assets at 1.01% (including RBI circular dated 12 Nov’21), a 14 bps YoY improvement. Net Interest Margins in Q3 FY’24 also improved by 70 bps YoY to 8.1%. PAT for Q3 FY’24 stood at INR 61.5 Cr, a growth of 69% YoY. For 9M FY’24, the PAT stood at INR 155 Cr., a 54% growth YoY. Expanding Distribution Network: The company continues to invest in its distribution expansion across the identified key focus states. The total branch network grew to 149 branches as on Dec’23. The company continues to a dominant player in Tamil Nadu and Gujarat; an

Karur Vysya Bank today inaugurated three new branches – two in Tamil Nadu and one in Andhra Pradesh. With this, the total  branch network of the Bank increased to 834. The new branch in Atmakur, Nandayal District, Andhra Pradesh (832nd Branch) inaugurated by Shri. P. Sreenivasa Rao, P.G.D.U.P.L, Municipal Commissioner,  Atmakur., while the branch in Usilampatti, Madurai District, Tamil Nadu (833rd Branch) inaugurated by Shri. J. Gandhi, Municipal Commissioner, Usilampatti and the branch in Mathur, Chennai was (834th branch) inaugurated by Dr. B.  Purushothaman, Senior Principal, Everwin Group of Schools, Chennai the bank said in the regulatory fileing yesterday.

New Delhi, 30 January 2024 : PNB MetLife, one of India’s leading life insurers, has launched 10 new branches across India. This strategic expansion reflects the company’s continuing commitment to enhance customer service for its growing clientele. With a network of 149 branches, PNB MetLife is able to offer customer-centric products and solutions customers across the country. The convenient and seamless access to the full spectrum of services at its branches ensure an enhanced and personalized experience for all customers. The 10 new branches are set across India in key markets for PNB MetLife: New Delhi, Ujjain, Ayodhya, Betul, Bhadrak, Ongole, Kota, Perinthalmanna, Kanpur and Bhubaneshwar. Commenting on the launch, Sameer Bansal, Chief Distribution Officer, PNB MetLife said: “Opening 10 new branches in key cities across India is a pivotal milestone for PNB MetLife and marks a continuing investment in delivering services to our customers, wherever they reside. This expansi

Vijayawada - The Ministry of Textiles organised one day National Conference on Technical Textiles with Government of Andhra Pradesh for Advancing Policy Pathways in Technical Textiles today in Vijayawada, Andhra Pradesh. The event was supported by Indian Technical Textile Association. Shri Rajeev Saxena, Joint Secretary, Ministry of Textiles, Government of India,briefed about different applications of Technical Textiles and emphasized the prospective markets in Technical Textiles. He urged the industries present to participate in the upcoming mega event BHARAT TEX 2024 to showcase their ideas and innovativeness in Technical Textiles with increased participation. The panel discussionscoveredvarious topics  viz. Strategies for Circular Economy, Sustainability in Technical Textiles, Agrotextiles, Geotextiles in Engineering Applications for Infrastructure Development along with Trends of Technical Textiles in future. The event augments the presence of eminent speakers, scientists, industr