We will continue to do the same. However, we are positively surprised at the growth of our consumer durable loans driven by AC sales,”Jain said. Net interest income (NII) shot up 37 percent y-o-y to Rs600 crore from Rs439 crore. Total income grew by 32 percent to Rs 928 crore in April-June quarter FY14. The gross non-performing asset ratio inched up to 1.14 percent compared with 1.10 percent a year.
German finance minister visits Greece as austerity measures usher in job cuts
Dominique Strauss-Kahn on austerity Greece secures bailout deal with Troika A headline in another paper, To Pontiki, refers to “the exterminator” and shows Schaeuble about to run over civil servants on a rail track. While in Greece, Schaeuble has meetings scheduled with Prime Minister Antonis Samaras and Finance Minister Yannis Stournaras. The measures that were voted through early Thursday had to be approved in order for Greece to receive the latest 6.8 billion-euro slice of international bailout funds — needed to keep the country afloat. The bill scraped through, with just 153 lawmakers out of the 293 present in the 300-seat parliament voting in favor. There were protesters outside the parliament building late into the night while the vote was taking place.