Bandhan Bank’s net interest income (Nll) for the quarter grew by 45.60% to ₹1,258 crore Provisions and contingencies surged 41.28% to ₹199.97 crore Bandhan Bank Ltd on Thursday reported a 67.8% increase in its March quarter net profit due to higher net interest and non-interest income. Net profit for the quarter stood at ₹651 crore, beating the Street’s

Mike Coupe says he has board’s backing to stay in his post as supermarket’s profits slump The chief executive of Sainsbury’s has said he has the full support of the board to remain in his post despite a failed attempt to merge with Asda, which cost £46m last year. Annual pre-tax profits dived 41.6% to £239m

Planned $1bn fund is reportedly yet to complete first round of fundraising David Cameron’s efforts to raise $1bn for a fund to invest in China have met with a lack of enthusiasm, according to reports. One person who was asked to put money into the project described it as “moribund”, according to the Financial Times, signalling slow

Record online traffic and financial contributions from readers play key part in putting GNM on sustainable path The Guardian and the Observer have broken even for the first time in recent history aided by record online traffic, reduced costs and increased financial contributions from readers. Guardian News & Media recorded an £800,000 operating profit for the

Transport secretary has axed further deals made to ensure imports under a no-deal Brexit The ferry contracts signed to ensure critical imports under a no-deal Brexit have been cancelled at a cost of another £50m to the taxpayer. The latest payout joins an accumulating bill for the contracts awarded by the transport secretary, Chris Grayling, including £33m

Struggling fast food franchise Subway closed more than double the number of restaurants in 2018 than it had forecast, the company revealed in a regulatory filing. An annual financial disclosure statement filed in Wisconsin Monday says a net 1,108 restaurants closed nationally in 2018. Subway had forecast that about 500 would close, according to media

The 200-cc X Pulse 200T is priced at Rs 94,000, adventure bike X Pulse 200 is tagged at Rs 97,000 and Rs 1.05 lakh (with fuel injection), while the Xtreme 200S is priced at Rs 98,500 (all prices ex-showroom Delhi). The country’s largest two-wheeler maker Hero MotoCorp on May 1 launched three new premium bikes priced between Rs

Research shows lack of diversity narrows talent pool and obstructs social mobility Two in five people working in British banking have parents who also worked in the sector – more than three times the national average for other types of jobs. Some 41% of financial services employees had parents working in the same sector, against