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The benchmark indices pared gains in early afternoon trade as profit booking emerged at higher levels. The Nifty held above the 9300 mark. At 12:29 IST, the barometer index, the S&P BSE Sensex, was up 397.91 points or 1.27% at 31,841.29. The Nifty 50 index rose 106.05 points or 1.15% at 9,305.10.

IndusInd Bank Ltd is quoting at Rs 461.45, up 1.56% on the day as on 12:54 IST on the NSE. The stock is down 68.75% in last one year as compared to a 17.57% slide in NIFTY and a 31.78% slide in the Nifty Bank index.

Total Operating Income rise 11.47% to Rs 21740.68 crore

ICICI Bank on Saturday (9 May 2020) said its net profit rose 26.04% to Rs 1,221.36 crore on 12.09% rise in total income to Rs 23,443.66 crore in Q4 March 2020 over Q4 March 2019.

"Grey's Anatomy" star Caterina Scorsone and her musician husband Rob Giles have decided to part ways after 10 years of marriage. According to People magazine, Scorsone and Giles have decided to co-parent their three daughters: Eliza, seven, Paloma "Pippa" Michaela, three, and Arwen, who was born in December. "Caterina and Rob have separated. They remain friends and are committed to co-parenting their children in a spirit of love," the duo's representative said in a statement. The actor, known for playing Amelia Shepherd on Grey's Anatomy, tied the knot with Giles in 2009.

ICICI Bank on Saturday reported a 26 per cent rise in standalone net profit at Rs 1,221 crore for the March quarter. The bank had posted a net profit of Rs 969 crore in the corresponding January-March period of 2018-19. Total income during the quarter under review increased to Rs23,443.66 crore, from Rs20,913.82 crore in the same period of the preceding fiscal, ICICI Bank said in a regulatory filing. On the assets front, gross non-performing assets (NPAs) stood at5.53 per cent of gross advances as on March 31, 2020, compared to 6.70 per cent last year. Net NPAs or bad loans were trimmed to 1.41 per cent as against 2.06 per cent.

ICICI Bank on Saturday reported a 6.91 per cent growth in March quarter net at Rs 1,251 crore on a consolidated basis, after setting aside over Rs 2,000 crore in provisions for potential impact of the COVID-19 pandemic. On a standalone basis, the second largest private sector bank's profit grew 26 per cent to Rs 1,221 crore as against Rs 969 crore in the year-ago period. For fiscal year 2019-20, it reported a 135 per cent jump in standalone profit to Rs 7,930.81 crore. From an asset quality perspective, the bank reported an improvement in gross non-performing assets (NPAs) ratio to 5.53 per cent as against 6.70 per cent in the year-ago period and 5.95 per cent as of December 2019, despite over Rs 5,300 crore in fresh slippages during the reporting quarter. ICICI Bank President Sandeep Batra said it had slippages of Rs 4,300 crore in the preceding December quarter, and the additions on this front can be attributed to two accounts -- a West Asian healthcare company and a Singaporean oil

Country's largest commercial banking entity State Bank of India (SBI) is now developing a low-cost model to compete with payments banks. "We are working out on a low-cost structure to compete with the payments banks for getting access to people ...

Ratings agency Crisil today said the upcoming payment banks (PBs) will largely focus on the underbanked areas like the East, Northeast and Central regions, and the existing lenders should not worry about them. "We do not expect them to ...

Such banks can collect deposits (initially up to Rs 1 lakh per individual), do internet banking, facilitate money transfers, and sell insurance and mutual funds

So gold notched its biggest one-day drop in 30 years. What’s next? Despite the heavy losses, broken technical levels and waves of margin calls, the options market for the yellow metal is beaming with optimism.

Two weeks after buying its first corporate bond, the Bank of England has already spent over 10% of the funds allocated to its 18 month asset-buying program.

The increased use of personal and commercial drones is raising questions about where they should be permitted to fly, and who should make that decision. The FAA estimates drone sales will reach 7 million by 2020. Photo: John Weber for The Wall Street Journal

Every developed country built the infrastructure of its cities only during the last 100 years, often in response to crises of plagues or fires. If we learn their lessons, then we could build our infrastructure with the participation of the people, says Ramesh Ramanathan.

While there is certainly a difference in the methods by which waste is disposed of in the global North and South, there are new European technologies in this field which deserve to be looked at, albeit at some future date. Darryl D'Monte reports from a recent event in Naples.

While the LDF government was quick to ban colas in Kerala, it mounted only a mild defense when this was challenged in court by the manufacturers of the drinks. Ignoring evidence of groundwater depletion and contamination, it argued only that the drinks were unsafe for consumption. M Suchitra and P N Venugopal report.

Certainly, there are flaws in the National Urban Renewal Mission, and mistakes will be made as it is rolled out. But this imperfect solution still represents the collective and well-intentioned efforts of many stakeholders, and we must engage with it. Ramesh Ramanathan responds to Kathyayini Chamaraj's criticism of the Mission.

Several schemes to address different Indian urban issues are introduced by the government. Prachee Mishra discusses the fiscal and policy level challenges these schemes will encounter.

Garments made in Bangladeshi factories that major retailers have banned as unsafe are finding their way onto Amazon's site for sale in the U.S. WSJ investigates Amazon's apparel supply chains and the impact of its marketplace on garment factory workers. Photo: Karan Deep Singh for The Wall Street Journal

Masayoshi Son, CEO of SoftBank, shared his insights and quoted Yoda, the Star Wars Jedi master, during a conversation with WSJ Editor in Chief Gerard Baker at the CEO Council meeting in Tokyo.

Banking boot camps have been around longer than the automated teller machine and the credit card. But the financial crisis has created big challenges for the everyday bankers. Colin Barr has details on The News Hub. Photo: Andy McMillan for The Wall Street Journal.

Banks are required to meet capital requirements in order to pass government stress tests. So what is capital, and how much is needed? WSJ's Liz Hoffman reports. Illustration: Heather Seidel/The Wall Street Journal

Gujarat bucks the urban trend when it comes to identity voting, while cities in the prosperous northern states place high emphasis on choice of MP candidates. Srinivasan Ramani discovers several interesting facts on urban choice, through GIS mapping of data obtained from a voter perception survey.

Tribal women in Uttarakhand are standing up for their community rights, and resisting the dispossession of their lands by a nexus between powerful landlords and the government machinery. Puja Awasthi reports.

At a conference on the eve of the 2005-06 Budget, Planning Commission vice chairman Montek Singh Ahluwalia said he is advocating redistribution of farm subsidies into road construction and improving land use. Devinder Sharma warns that Ahluwalia continues to bank upon the World Bank's flawed understanding.

V Jagan Mohan says that Regional Rural Banks (RRBs) can be the vehicles for rural credit in a reforms era.

The newly announced country assistance strategy for India is the continuation of what the World Bank has been pushing in this country and elsewhere in the last 15 years or so years, with nothing to show for it, writes Shripad Dharmadhikary.

Non-performing assets in public sector banks have shot up by more than 400 per cent in the last five years, hitting Rs 164000 crore! Shripad Dharmadhikary summarises findings of a research report that unearths the real reasons underlying these bad loans.

The excitement leading up to the budget was almost feverish, but it turned out to be a staid affair in the end. Here's a round-up of some of the key provisions of Arun Jaitley’s maiden budget, presented in Parliament on 10 July.

Indian cities have neither the funds required to realise their envisaged progress, nor credible systems to ensure effective utilisation of what they have. Srikanth Viswanathan emphasises the need for accountability and more robust financial management by municipal corporations.

The need for integrating land use with mobility has never been fully addressed within the profusion of plans for Bangalore. The revision of the Master Plan for 2031 may provide a good opportunity to develop a comprehensive mobility strategy, says Shrimoyee Bhattacharya and Sujaya Rathi.

Is modernisation of transport the sole answer to air pollution problems in Delhi? In view of the NGT's proposed ban on older vehicles in Delhi, Sarath Guttikunda draws attention to several problems that need to be addressed for cleaner air in the NCR.

Devinder Sharma

New Delhi's policy-makers are busy bartering the millions of jobs in agriculture for the far fewer ones with outsourcing firms in the cities, says Devinder Sharma.

The municipal polls verdict has a significance beyond Andhra Pradesh's borders. None of the excuses for the Telugu Desam's rout in the 2004 elections works this time. Voters are protesting the pro-rich, anti-poor measures that pass for 'reforms' in this country, writes P Sainath.

Reviewing recent High Court and Supreme Court rulings, Videh Upadhyay comments on judicial recipes for protecting urban water bodies

The court decision prohibiting immediate arrests under IPC Section 498A meets the need for safeguards against false charges and enjoys the support of many, including a budding filmmaker. But does it come at a greater risk to genuine victims? Shoma Chatterji explores.

As the Lok Satta party, with its crop of image-defying politicians, raises hopes for a new brand of politics, Subramaniam Vincent catches up with party leader Dr Jayaprakash Narayan on the party's hopes at the Karnataka polls and possibilities of a larger wave of political reforms in the country.

Sex sells, but prevention of rape does not. Planners who take deterrence seriously could contribute in creating women-friendly urban environments, says Pratiksha Baxi.

In the name of housing Commonwealth Games participants for a mere 10 days, an exclusive gated community is being established on the Yamuna banks, in areas previously protected as green spaces in the heart of Delhi. Kannan Kasturi reports.

A brief overview of the Surrogacy (Regulation) Bill, 2016 by PRS legislative.

Should foreign immigrants in Assam enjoy Indian citizenship as outlined by the Assam Accord and endorsed by Section 6A of the Citizenship Act? Tanvi Bhatikar reports on a recent court ruling that focuses on these questions.

From Urban Poverty Alleviation Initiatives in India : A General Assessment and a Particular Perspective (2002), a publication of the Ramanathan Foundation.
Interact: What about bank red-tape and corruption?

From Urban Poverty Alleviation Initiatives in India : A General Assessment and a Particular Perspective (2002), a publication of the Ramanathan Foundation.

From Urban Poverty Alleviation Initiatives in India : A General Assessment and a Particular Perspective (2002), a publication of the Ramanathan Foundation.

From Urban Poverty Alleviation Initiatives in India : A General Assessment and a Particular Perspective (2002), a publication of the Ramanathan Foundation.

Concluding article of the series from Urban Poverty Alleviation Initiatives in India : A General Assessment and a Particular Perspective (2002), a publication of the Ramanathan Foundation.

The new vision for financial inclusion In India as unveiled by a committee appointed by the RBI could well be an effective catalyst for transforming the lives of the people, feels Shankar Jaganathan.

Looking into what’s happening in the State of Karnataka, Kathyayini Chamaraj discusses the
housing needs and rights of the urban poor.