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reported a net profit of Rs 203 crore in the June quarter against a loss of Rs 233 crore in the year-ago period, riding on robust income growth and a nearly 100% fall in provisions. This is Ujjivan's highest quarterly net profit, also backed by a 38% year-on-year jump in loan portfolio to Rs 19,409 crore and a record Rs 4,326 crore disbursement during the quarter under review. Its net interest margin improved to 9.6% against 8% in the year-ago period (without adjusting for Rs 1794 crore and Rs 674 crore of selling down of loans through inter-bank deals and securitization, respectively.) The gross non-performing assets ratio fell to 6.5% at the end of June from 7.3% three months before that. Net NPA improved to 0.1% from 0.6%. Total provision during the quarter was Rs 39 lakh compared with Rs 473 crore in the year-ago period. Total income grew 40% to Rs 1,000 crore supported by both core and other income. Operating profit was at Rs 271 crore, registering around a 68% jump ove...

Published 2 hours ago on July 27, 2022 Graphics/Design: The United States spends an unparalleled amount of money on its military⁠—about $778 billion each year to be precise. Additionally, the U.S. military also owns, leases, or operates an impressive real estate portfolio with buildings valued at $749 billion  and a land area of 26.9 ...

Business Courses Online Market Analysis, Size, Trends, Growth, Outlook 2028 This press release was orginally distributed by SBWire New Jersey, NJ — (SBWIRE) — 07/23/2022 — Business Courses Online Market, Global Outlook and Forecast 2022-2028 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Business Courses Online Market. Some of the key players profiled in the study are Harvard Business School Online, MIT OpenCousesWare, Open Colleges, Salford Robert Kennedy College, Bocconi School of Management, Columbia Business School Executive Education, Swinburne Online, LSE, Wharton School, SBA, Udemy, IMD & Centennial College. Get free access to sample report @ https://www.htfmarketreport.com/sample-report/3937...

Many banks, including Discover, do not disclose internal credit evaluation methods. Apart from convincing someone at the bank to tell us, the best way to determine which credit bureau a bank uses most regularly is to ask those who've applied for a card from the bank which credit report saw a hard inquiry. Collecting this anecdotal data can help determine which credit bureau a bank most regularly pulls reports from. For Discover, the data available shows the bank seems to use Equifax most frequently, followed by Experian and Transunion. Discover Credit Cards Overview Discover offers a small but powerful collection of mostly consumer credit cards. Unlike many issuers out there, Discover is not known for its high-end travel rewards cards. Instead, Discover features several solid cash-back cards and is well-regarded for its first-year welcome bonus, Discover Cash Back Match. Discover matches cash back earned in a cardholder's first year of account ownership at the end of the fi...

Private Bancorp of America, Inc. Second Quarter Highlights Net income for the quarter was $4.4 million, up 2.4% from the same period in the prior year Diluted earnings per share of $0.77, up 2.7% from the same period in the prior year Total loans held-for-investment ("HFI"), excluding Paycheck Protection Program ("PPP") loans, reached $1.4 billion, an increase of $322.9 million or 30.6% year-over-year and $100.8 million or 7.9% over Q1'22 Non-interest-bearing demand deposits grew $143.0 million or 23.7% year over year and $22.5 million from the prior quarter to $747.0 million, representing 51.9% of total deposits Net interest margin (ex-PPP loans) of 4.57% compared to 4.14% for Q1'21 and compared to 4.51% for Q1'22 Cost of funding sources remained low at 0.20% The provision for loan losses for the second quarter of 2022 was $659 thousand, an increase of $517 thousand compared to the first quarter of 2022 Allowance for Loan Losses was 1.29% of total loa...

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The startup world may be battling a funding winter, but not all of them have left their employees high and dry. Several startups are in the middle of bringing down staff costs even as they assist in employee outplacement, facilitating terminated staff find new jobs. Aditya Narayan Mishra, director & CEO of CIEL HR Services, said the firm is helping startups in outplacement. Inflationary trends and the threat of a global recession have prompted investors to be cautious about their investments. Many people have gone off the rolls in the last few months as external scenarios force investors to become cautious about funding. Experts from the HR services industry said companies are outsourcing such functions for a smoother runway. Mishra of CIEL said: "Startups are asking their portfolio companies to cut down costs. To cut costs, many companies have resorted to prune businesses that are not yielding desired traction and, hence, resorted t...