Bandhan Bank, Tata Steel and TVS Motor Company to see some action today

The overall collection efficiency ratio (CER) of Bandhan Bank stood at 96 per cent at the end of financial year 2021-22, against 93 per cent in the preceding third quarter. Loans and advances of the bank grew 16 per cent year-on-year at Rs 1,01,359 crore at the end of March 31, 2022, while its total deposits increased to Rs 96,331 crore year-on-year at the end of last quarter on 2021-22. CASA (Current Account Savings Account) deposits increased 18 per cent year-on-year to Rs 40,072 crore while retail deposits stood at 77 per cent of total deposits.

Tata Steel’s consolidated steel output stood at 7.57 million tonnes (MT) for the quarter ended March 31, 2022 (Q4), registering a year-on-year fall of about 3 per cent. The company had produced 7.80 MT of steel during the January-March quarter of financial year (FY) 2020-21. Its total sales, however, rose by over 4 per cent to 7.82 MT in the fourth quarter, from 7.51 MT in the year-ago period.

TVS Motor Company and Jio-bp have agreed to explore the creation of a robust public EV charging infrastructure for electric two-wheelers and three-wheelers in the country, building on Jio-bp’s growing network in this space. Under this proposed partnership, the customers of TVS electric vehicles are expected to get access to the widespread charging network of Jio-bp, which is also open to other vehicles.

Karur Vysya Bank’s (KVB) total business has crossed Rs 1.25 lakh crore. Total business constitutes the total deposits and advances of the Bank. While the total deposits of the bank stood at Rs 68676 crore as on March 31, 2022, the total advances was at Rs 58086 crore, aggregating a total business of Rs 126762 crore.

Gufic Biosciences has received DCGI approval for Thymosin Alpha-1 (Immunocin - A Brand of Gufic for the said drug) as an add-on therapy for the treatment of moderate-to-severe COVID-19 patients requiring ventilator support (NIV as well as Mechanical Ventilation). Immunocin, an Immuno-modulator drug, significantly reduced the risk of death in the Phase 3 Clinical trial in adult patients with moderate-to-severe COVID-19.

Mahindra & Mahindra Financial Services (Mahindra Finance) has disbursed approximately Rs 3,832 crore for month of March 2022, delivering a 66% Year on Year (Y-o-Y) growth. The disbursement for FY 2022 at around Rs 27,466 crore, registered a Y-o-Y growth of 45%. This has led to marginal growth in Business Assets over previous year.

Triveni Engineering & Industries has commenced commercial operations of new 160 KLPD distillery at its sugar unit at Milak Narayanpur, District Rampur, Uttar Pradesh, (which has the flexibility to operate with multiple feedstocks i.e. molasses/cane juice & syrup/grain based) with effect from April 4, 2022.