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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.

EXIM Bank Logo

EXIM Bank

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.

L & T Finance Logo

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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