Latest news with #BPM
The Hindu
3 days ago
- Business
- The Hindu
Tamilnad Mercantile Bank Q1 net profit at ₹305 crore
Tamilnad Mercantile Bank Ltd., (TMB) has reported a 6.27% rise in standalone net profit for the June quarter reaching ₹305 crore, driven by continued growth in core lending and deposit business. The Gross non-performing asset (NPA) has decreased to 1.22% from 1.44%, reflecting an improvement of 22 bps. Similarly, the net NPA has decreased to 0.33% from 0.65%, an improvement of 32 bps. Total Special Mentions Account (SMA) to gross advances has reduced to 3.05% from 4.98%, marking a reduction of 193 bps. Meanwhile, the CRAR % has increased to 31.55% from 29.21%, improved by 234 bps. The bank also witnessed a steady business growth which has now crossed 9.86%. Deposits grew to ₹53,803 crore, while advances rose to ₹45,120 crore with a growth rate of 10.44% on Year over Year basis. The net interest income stood at ₹580 crore for the quarter QIFY26, compared to ₹567 crore for QIFY25, registering a growth rate of 2.29%. The bank's net worth also saw a healthy rise, reaching ₹9,328 crore with a rise of ₹1,084 crore registering a growth rate of 13.15%. As part of its ongoing transformation, TMB has undertaken several strategic initiatives. Among them is the implementation of Oracle CX, an integrated sales service platform to streamline customer lifecycle management. Vendor Management System, an unified platform for bank wide expenses management has been introduced (excluding HR functions). Additionally, the adoption of Business Process Management (BPM), represents a strategic shift towards becoming a fully digital, process driven bank.
The Irish Sun
4 days ago
- The Irish Sun
‘Multiple dead bodies found in woods' as cops launch urgent probe to work out ‘how many there are'
MULTIPLE bodies have been discovered in a wooded area following a police investigation into a missing man. The shocking find was made after officers discovered the body of Daniel Coleman in Paramoor Woods near Sticker, in Cornwall. Advertisement 2 Devon and Cornwall Police are continuing to scour the woods Credit: CornwallLive/BPM 2 Devon and Cornwall Police are continuing to scour the woods with the help of officers from across the UK. Earlier this month, human remains were found following a weeks-long search for a missing man Daniel. The 43-year-old vanished last month from St Austell, in Cornwall . Police and crime commissioner Alison Hernandez told a panel today that number of "dead bodies" have been discovered. Advertisement Ms Hernandez said: "Some of the elements of that operation I can't speak about but some of the things are very obvious. "As you know there is a large crime scene that has been identified in Cornwall that is requiring a lot of effort to even scene guard the area. "The level of expertise, some of the mutual aid we've brought in, is expertise in specific types of investigations that we didn't have. "The National Crime Agency is supporting the organisation at the moment. Advertisement Most read in The Sun "I want to thank all the other forces that are coming in at a very busy time for themselves to offer mutual aid. "It's largely investigative mutual aid that we've brought in. "Until some of those elements have been established of exactly what we're dealing with there, it will be made public at that time. "I know there's been some information in the media. We've got a huge forensic tent down there. Advertisement "Lots of forensics officers, obviously we've found dead bodies in that wood. "We're just trying to establish how many there may be at this point in time and whether we are aware of who they are or what might have happened to them. "So we also don't know how long they may have been there, some of them." Units from the National Crime Agency are also assisting with the search effort. Advertisement More to follow... For the latest news on this story keep checking back at The Sun Online Read more on the Irish Sun is your go-to destination for the best celebrity news, real-life stories, jaw-dropping pictures and must-see video. Like us on Facebook at
Yahoo
5 days ago
- Business
- Yahoo
UniCredit withdraws bid for Banco BPM due to 'golden power' uncertainty
UniCredit's board of directors has announced the withdrawal of its bid for Banco BPM, after months of negotiations and intervention by the Italian government. The bank's reasoning behind the decision to pull out is the Italian government's implementation of the so-called golden power rule, requested by the Banco BPM management. Golden power is the instrument with which, in exceptional cases, a country's leadership can de facto condition or even prohibit a market transaction. According to UniCredit, the instrument would have made it impossible to complete the negotiations within the deadline set for the offer, depriving Banco's shareholders of the dialogue that normally takes place during an offer period to understand the value created by the takeover and determine the conditions that would be acceptable to move forward. Related Asian markets rise, Toyota up by 14% after US tariff deal "While we welcome the significant progress made with the TAR (Regional administrative tribunals), EU DG for Competition and the Italian government, the timeframe for a final resolution of the golden power issue goes well beyond the expiration of our offer and also that of the suspension decided today by CONSOB," reads the note in which UniCredit announced the withdrawal of the offer. "The offer process has been affected by the golden power clause, insistently invoked by BPM's top management, which has prevented UniCredit from engaging in dialogue with BPM's shareholders in the way that a normal offer process would have allowed," the group writes further. "This is a missed opportunity not only for BPM's stakeholders but also for the Italian business community and the economy in general. UniCredit remains convinced that the consolidation of the Italian banking sector would benefit both the country and Europe as a whole," the note concludes. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Scottish Sun
6 days ago
- Scottish Sun
Five guilty of stabbing Leonardo Reid, 15, to death in double murder during rap video shoot after teen mistook for rival
The Home Office first tried to deport Portuguese national Furtado in February 2016 RAP MURDER Five guilty of stabbing Leonardo Reid, 15, to death in double murder during rap video shoot after teen mistook for rival Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A VIOLENT criminal due to be deported nine years ago was yesterday convicted of a double murder. Jason Furtado, 28, was one of five men found guilty of murdering 15-year-old Leonardo Reid and 23-year-old Shekaj Slevi after mistaking them as rival gang members. Sign up for Scottish Sun newsletter Sign up 10 15-year-old Leonardo Reid was stabbed to death after being mistaken for a rival gang member Credit: PA 10 Shekaj Slevi, 23, was also murdered in the horror on June 29, 2023 Credit: PA 10 The Home Office first tried to deport Portuguese national Furtado in February 2016 Credit: PA The victims were stabbed to death when Furtado's gang attacked a group of around 40 people watching a rap video shoot on an estate in Islington, North London. It can now be revealed how the Home Office first tried to deport Portuguese national Furtado in February 2016 but he launched at least two appeals to avoid eviction from the UK. The prolific criminal carried on his crime spree while appealing his deportation notice, carrying out vicious robberies and almost killing four people. He was jailed for four years in 2017 after crashing a stolen car into a group of people outside an Islington pub, leaving three men and a woman with life-threatening injuries. But even then, Furtado, whose parents are from Angolan and claimed asylum in the UK three months before he was born, still avoided deportation. An immigration appeal panel ruled he was entitled to the highest 'imperative' level of protection from deportation because he had been resident in the UK for more than 10 years. He and Kosovan co-defendant Lorik Lupqi, 21, were both on electronic tags when they took part in the June 2023 murders of Leonardo and Shekaj. Lupqi fled back to Kosovo after the attacks and was extradited to the UK in November last year. His brother Dior Lupqi is already serving a life sentence for an Islington gang murder. Dior was only 15 when he stabbed Nashon Esbrand, 27, to death in August 2017 and was given a minimum 12-year tariff. It can also be reported that a third defendant convicted yesterday, Abel Chunda, 29, has 97 previous convictions for offences including robbery, assault and possessing knives. Eden Clark, 31, and Xavier Poponne, 22, were also both convicted of two counts of murder. In addition, the infamous five were convicted of attempting to murder Abdulla Abdullahi, 28, who was also stabbed in the attack. The defendants - all from North London - had fought among themselves in the dock during the 15-week trial. 10 The victims were stabbed to death when Furtado's gang attacked a group of around 40 people watching a rape video shoot Credit: BPM 10 The horror unfolded on June 29, 2023 Credit: PA 10 Five men were found guilty of murder Credit: PA Detective Inspector Jim Barry of Specialist Crime North said 'These violent men went into this estate with the intention of killing anyone they could, under the false impression that those there were rival gang members. "This was a senseless, violent act which has shattered the lives of so many, especially Leonardo and Klevi's loved ones.' The horror double murder unfolded on Thursday, 29 June 2023. There had been a large gathering on the Elthorne estate to film a rap music video, the Met Police said. Lupqi, a gang member from Islington, spotted the group at around 8:30pm. He messaged his girlfriend stating that 'opps were outside.' She urged him to stay inside, but Lupqi decided to message his close friend and gang associate Jason Furtado. They planned to meet up with three other gang members and go to the Elthorne estate. When they arrived, most people had gone, but a couple of local youngsters were still kicking about. The gang thugs then fatally stabbed 15-year-old Leonardo Reid, who sadly died at the scene and 23-year-old Klevi Shekaj who died in hospital. They also stabbed another man, who was taken to hospital. Met Police's Specialist Crime Command launched a double murder and attempted murder investigation. Enquiries found the gang had contacted each other through 50 short phone calls in the two hours leading up to the attack. After the brutal stabbing, the four went to Abel Chunda's house and called organiser Furtado. Chuna and Furtado were arrested on July 3. Clarke had fled to the Suffolk coast and tried to disguise himself, but Met Officers located and detained him on July 12. Lupqi illegally travelled to Kosovo days after the murders and told his girlfriend not to wait for him. The force worked with the Kosovan authorities, the National Crime Agency as well as the CPS, to extradite him to the UK. Officers cuffed him at Luton Airport on 12 November 2024. After Poponne's arrest in November 2023, lyrics were found in a drill song written the day after the murders. The disgusting words had glorified the murders and made references to elements of the attack which could only be known to those involved. The lyrics highlighted how Leonardo and Klevi were not involved in gang criminality. Shortly after the murders, Poponne also changed his social media name to 'X3' referencing the number of people he had stabbed. The group denied murder throughout their trial. They all appeared at the Old Bailey on Wednesday, 23 July where they were all convicted of two counts of murder and one count of attempted murder. Detective Inspector Jim Barry added: 'Our team have remained focused on getting justice for those affected by this violent and unnecessary attack. 'This dangerous group of men will now spend a long time behind bars but the effect of what they did will be felt by the victim's shattered families for longer. 'I thank the members of the public who tried to help and save the lives of those injured and have assisted our team with enquiries. 'We will continue to tackle violent offenders and ensure that justice is bought for the safety of our communities.' Sentencing was adjourned until 25 September when they will face mandatory life sentences Detective Inspector Jim Barry of Specialist Crime North said 'These violent men went into this estate with the intention of killing anyone they could, under the false impression that those there were rival gang members. 'This was a senseless, violent act which has shattered the lives of so many, especially Leonardo and Klevi's loved ones.' 10 Lorik Lupqi, 21, took part in the murders Credit: PA 10 Xavier Poponne, 22, was convicted of two counts of murder Credit: PA 10 Eden Clark, 31, was also found guilty of two counts of murder Credit: PA
The Irish Sun
6 days ago
- The Irish Sun
Migrant raped girl, 12, in flat above shop where he worked illegally after telling her the streets were ‘not safe'
A MIGRANT raped a 12-year-old girl in a flat above the shop where he worked illegally after telling her the streets were "not safe". Mohammed Wahid Mohammed lured the victim upstairs with vapes, crisps and a fizzy drink. Advertisement 2 Mohammed Wahid Mohammed raped a 12-year-old girl Credit: BPM She had been taken into the store in Handsworth, West Midlands, by a woman after running away from home. Mohammed locked the door behind them and repeatedly raped her during the terrifying ordeal. He has now been jailed for 12 years with an extended five years on licence after he was found guilty of three charges of rape. The Syrian asylum seeker, who also admitted two counts of sexually assaulting a girl under the age of 13, may be deported after serving his sentence. Advertisement Read more news Judge Roderick Henderson said: "This was a sustained event, albeit on one day. "There was some grooming although it was limited in time. "But you exploited her because she was plainly young and effectively away from home." Birmingham Crown Court heard the girl had left her home on September 24 last year and caught a train to the city. Advertisement Most read in The Sun A homeless woman approached her and the pair had a cup of tea before she was taken to the shop. Once inside, Mohammed told her: "You look really young. You look really cold do you want to come into the shop? It's warm in there, I'll get you something to eat and drink'." The fiend also told the victim it "wasn't safe on the streets" and lured her upstairs "under the pretence of being concerned". Mohammed sexually abused the girl for an hour before they went to a nearby takeaway. Advertisement Andrew Wallace, prosecuting, said: "A young Asian family was there and were concerned about him and her. "There was a suggestion an Asian male thumped the defendant because of his concern." After he was arrested, Mohammed initially claimed the girl had consented to sexual activity but was told she was too young to consent. Nicholas Devine, defending, said the paedo had led a "difficult life" but had never previously committed a crime. Advertisement 2 Mohammed is facing deportation Credit: BPM
