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Exim bank Net up by 15.6% in FY 2012; L & T Finance Q4 net jumps by 45%

Export Import bank of India reported profit at Rs.675 crore for the FY which ended on March 31 st 2012, 15.6% higher than the previous fiscal. Loan portfolio of development financial institution (DFI) increased to Rs.54, 530 crore during the same period.

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Bank also raised borrowings of different maturities aggregating for Rs.27, 630 crore in FY 2012 and foreign currency loans accounted for Rs.13, 333 crore.

L&T finance holdings reported a growth of 45% in net profit for Q4 which ended on March 31 st at Rs.141 crore. For the entire fiscal, net profit was up by 16% at Rs.455 crore, thanks to some healthy loan growths.

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L & T Finance

L&T financial services offer wide range of products and services across retail, infrastructure and corporate sectors offering mutual products and investment management services. Gross non-performing assets stood at 1.8% at the end of Q4 of FY 2102.

Sources: 1, 2

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