CHENNAI PRESS NEWS

Chennai, January 25, 2023: Chennai based  Indian Bank  today nearly two-fold jump in profit at Rs 1,396 crore in the quarter ended December 2022, driven by increase in interest income and decline in bad loans. The net profit stood at Rs 690 crore in the same quarter of the preceding financial year. Press meet video 👇👇 Total income increased to Rs 13,551 crore in the quarter from Rs 11,482 crore in the year-ago period, said S.L.Jain, MD & CEO of the bank.   At the same time, Net Interest Income increased by 25 per cent to Rs 5,499 crore as against Rs 4,395 crore in the same quarter a year ago. Shanti Lal Jain, MD & CEO On the asset quality front, the bank recorded an improvement with gross NPAs declining to 6.53 per cent of gross advances as compared to 9.13 per cent at the end of the third quarter of 2021-22.  Net NPAs too eased to 1 per cent from 2.72 per cent in the same quarter a year ago.  As a result, provisions for bad loans declined significan...

  IndiaMART to expand in 4 new cities in Tamil Nadu Chennai, 25.01.23: IndiaMART InterMESH Limited, India’s largest B2B online marketplace announced that it is all set to expand its footprint further in Tamil Nadu with new offices in Kanchipuram, Pondicherry, Tirunelveli and Vellore, to cater to the growing demand in the state on its platform. Alongside, the company said it will hire local people on their payroll for operation of the new offices in the state. Besides, the company also announced their plan of establishing a customer service team in Chennai for assisting customers in the vernacular language. All these major announcements came at a conference which was held to address the difficulties faced by MSMEs which are based in Tamil Nadu, and the strategic approach taken by the company to mitigate those very challenges.  Press conference youtube video 👇👇 Speaking at the conference Mr. Dinesh Gulati, the COO of IndiaMART said, “IndiaMART has a strong presence in Tamil ...

Chennai, 24th January 2023: The heart of a 32 year old brain dead patient in a private hospital, Madurai was retrieved and transported via a charter flight to Chennai Kauvery Hospital for a transplant.  Video👇👇 A green corridor was created from Chennai International Airport to Kauvery Hospital in Alwarpet The organ was shifted within 15 minutes via a green corridor created from Chennai International Airport to Kauvery Hospital Chennai. The organ shifting was overall completed within 2 hours. Chennai  Traffic Police Personnel was quick  to support this noble cause. ****