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Emirates 24/7
23-07-2025
- Business
- Emirates 24/7
Dubai Centre for Family Businesses highlights structuring of family business legacy models
The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has hosted the latest event in its 'Governance Series.' The session, which was attended by 21 family business leaders, explored family governance and structural legacy models to support the long-term sustainable growth of family businesses. Held in collaboration with the Indian Business & Professional Council (IBPC), the session discussed practical ways for family-owned enterprises to plan for the future, including how to set up clear governance and legal structures to support smooth leadership transitions and promote long-term business continuity. Real-world case studies were used to illustrate strategies that have supported legacy-building in family-owned enterprises, with a focus on tools that support continuity and growth across generations. During her opening remarks at the session, Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, stated, 'We are committed to supporting the continuity of family business to enhance their contribution to building a diversified and sustainable economy. This is achieved by promoting the adoption of governance systems, management structures, and succession planning strategies that build on the achievements of these businesses.' Follow Emirates 24|7 on Google News.
Qatar Tribune
08-07-2025
- Business
- Qatar Tribune
IBPC launches IWEN to empower women's professional growth
Tribune News Network Doha In a landmark initiative that underscores the growing presence and influence of Indian women in Qatar's professional and entrepreneurial ecosystem, the Indian Business and Professionals Council (IBPC) Qatar launched the IBPC Women Excellence Network (IWEN) at a vibrant gathering held in Doha. The launch was officially inaugurated by Sandhya Bhatt, Second Secretary at the Embassy of India to Qatar. In her address, she commended IBPC for taking a forward-thinking step by establishing a dedicated network that fosters the development and visibility of Indian women in Qatar. She emphasised the importance of such platforms in amplifying women's voices and encouraging their active participation in economic and community development. In his welcome speech, IBPC Qatar President Thaha Muhammed shared the vision and inspiration behind IWEN. He emphasised IBPC's commitment to inclusivity and its resolve to empower women through mentorship, collaboration, and opportunity. He described IWEN as a platform that will bring together Indian women in Qatar to support one another and create meaningful impact. IBPC Vice President Shubhi Sharma then took the stage to introduce the 'IWEN Souls' — the initiative's passionate core team members who will drive the network's programmes. She outlined the key focus areas of IWEN, which have been designed to support women in various spheres of life, including career development, entrepreneurship, wellness, financial literacy, parenting, and more. As part of the launch, IBPC Qatar unveiled a series of targeted initiatives under IWEN, each designed to support women's excellence across key areas. These include Reignite (Back to Work), MoneyWise (Financial Literacy), Nurture (Parenting), SheEO (Entrepreneurship), Bliss (Happiness Clinic), Strive (Wellness & Fitness), Evolve (Career Development), Thrive (Soft Skills), e-mpowHer (Online Initiatives), Spark (Talent Pool), and Amplify (Publicity). These initiatives will be led by dedicated IWEN volunteers to drive impact through mentorship, collaboration, and community engagement. Each initiative lead presented a brief overview of their focus area, ranging from leadership development to mentorship, wellness, entrepreneurship, and community impact — all aligning with IWEN's vision of driving women's excellence through collaboration and opportunity. The event concluded with a ceremonial cake-cutting, celebrating this milestone and marking the beginning of a promising new chapter for IBPC Qatar.
Business Standard
04-07-2025
- Business
- Business Standard
AU SFB total deposits rises 31% YoY to Rs 1.27 lakh crore in Q1
AU Small Finance Bank (SFB) said that its total deposits jumped 31.3% to Rs 1,27,700 crore as of 30 June 2025 compared with Rs 97,290 crore as of 30 June 2024. The bank's total deposits increased by 2.8% compared with Rs 1,24,269 crore reported in the quarter ended 31 March 2025. The CASA ratio declined to 29.2% as of 30 June 2025, compared to 32.9% as of 30 June 2024 and remained unchanged from 29.2% as of 31 March 2024. Gross advances of the bank as of 30 June 2025 stood at Rs 1,11,620 crore, up 23.1% YoY and up 2.6% QoQ. The gross loan portfolio increased 17.9% year-on-year to Rs 1,17,630 crore as of 30 June 2025 and rose 1.7% quarter-on-quarter from Rs 1,15,704 crore as of 31 March 2025. The securitised/assigned loan portfolio along with IBPC stood at Rs 6,010 crore as of 30 June 2025, compared to Rs 9,089 crore as of 30 June 2024 and Rs 6,926 crore as of 31 March 2024. AU Small Finance Bank is engaged in providing a range of banking and financial services, including retail banking, wholesale banking, treasury operations, and other services. The companys standalone net profit jumped 40.8% to Rs 528.45 crore in Q3 FY25 as compared with Rs 375.25 crore in Q3 FY24. Total income increased 48.9% YoY to Rs 4,731.89 crore in Q3 FY25. Shares of AU Small Finance Bank rose 0.95% to Rs 819 on the BSE
Qatar Tribune
14-06-2025
- Entertainment
- Qatar Tribune
KSQ marks 25 years with green initiatives for sustainable future
Ashraf Siddiqui Doha Karnataka Sangha Qatar (KSQ), an Indian community forum in Qatar, celebrated World Environment Day 2025 with a series of vibrant activities promoting environmental awareness across age groups. The celebrations held at the Vibrant Safety Academy recently included drawing, colouring, and elocution contests, followed by an online Quiz Prelims. A one-minute video campaign for children under 12 showcased impressive creativity and messaging. In line with its Silver Jubilee Year, KSQ donated 25 saplings to Delhi Public School (DPS). These were planted by the students along with Principal Asna Nafees, Facilities Manager Shashi Shekar Patra, and KSQ management committee members. Another, plantation drive was held at the premises of Pearling International School. This was followed by the finals of the Environmental Quiz for participants aged 18 and above, conducted by KSQ's enthusiastic host Kishore. KSQ President Ravi Shetty welcomed the attendees, commended participants, and urged the community to 'be part of the solution, not the pollution'. Prizes were distributed to winners in all categories. Chief Guest Thaha Muhammed Abdul Kareem (president, IBPC) inspired the audience with his speech and self-composed poem 'Seeds of Change'. Guest of Honour Diwakar Poojary (former GS of ICC, ICBF & IBPC) lauded KSQ's efforts and recalled past campaigns where KSQ excelled as one of the champions. Bhuvana Suraj, ladies & children coordinator, delivered the vote of thanks. The event was anchored by Shashidhar HB (logistics & environment secretary), supported by General Secretary Kumar Swamy, and the KSQ management committee team. Special thanks were given to plant sponsors ATS, Jayavani, Santhosh Pillai (Vibrant) and Pranav (PSA). Judges Bharthi, Sushma Harish, Arun Kumar, and Madhu HK ensured fair evaluations. Dignitaries present included KSQ advisors, Sandeep Reddy (ICC), Subramanya Hebbagelu (ISC), Asmath Ali, and other Karnataka-based community leaders. KSQ's celebration stood as a vibrant example of environmental stewardship and youth engagement in action.
Mint
04-05-2025
- Business
- Mint
Microfinance stress, RBI embargo weighed on Kotak Bank's Q4 profitability
Mumbai: Kotak Mahindra Bank's profitability in the fourth quarter was dragged by stress in its microfinance portfolio and consequently slower growth in its agriculture and rural portfolio, even as the lender's operational metrics remained largely stable. The private sector lender's net profit in the December quarter fell 14% on-year to ₹ 3,552 crore. Sequentially, though, profit after tax was 7.5% higher. 'The microfinance business has gone through a very tough time, and that is what has contributed to the higher losses,' Kotak Mahindra Bank's managing director and chief executive officer Ashok Vaswani said in the post-earnings conference. Growth in the retail portfolio was also slow as the lender was unable to expand its high-yielding credit card book because of the Reserve Bank of India's embargo on the bank onboarding new customers. The embargo was lifted after 10 months in February. Vaswani said the bank's personal loan book saw good growth led by its acquisition of Standard Chartered India's personal loan portfolio in January. The corporate loan book also grew 'really well', he said. Customer assets, including advances and credit substitutes, rose 13% on-year to ₹ 4.8 trillion at the end of March. Loans, including inter-bank participation certificates (IBPC) and Bill Rediscounting Scheme (BRDS), were at ₹ 4.4 trillion, also up 13% on-year. Consumer loans were up 17% largely led by strong growth in mortgage, business banking and personal loans, whereas growth in the credit card business was 7% lower on-year. Commercial loans were up 6% on-year, with commercial vehicle, commercial equipment, and tractor finance seeing good growth. However, Kotak Mahindra Bank's agriculture portfolio grew a muted 1% on-year and its retail microcredit loan portfolio fell 33%. Corporate loans grew 6% and SME loans by 31%. 'Advances sort of reduced, but what we did was, we turned to build the credit substitutes such as commercial papers (CPs) and bonds etcetera,' deputy MD Shanti Ekambaram said, adding that the bank let go of some wholesale segments given the high pricing competitiveness in the segment. Vaswani said Kotak Mahindra Bank aims to grow its share of unsecured and personal loans to around 15% of its advances, compared with 10.5% now and around 12.7% before the credit card embargo and hit on microfinance. Unsecured retail advances, including retail microcredit, comprised 10.5% of net advances in the fourth quarter, mostly unchanged from a quarter ago and lower than 11.8% in the corresponding quarter of the previous year. Overall loan growth in 2025-26 is expected to be 1-1.5 times of GDP growth, Vaswani said, adding that Kotak Mahindra Bank aimed to maintain its credit-deposit (CD) ratio at 85-87%. The CD ratio was 85.5% on 31 March. Net interest income (NII) was up a muted 5% on-year at ₹ 7,284 crore. Net interest margin for the quarter was 4.97%. Chief financial officer Devang Gheewalla said NIM in the fourth quarter was supported by cuts on saving account rates and a financial year-end rise in average current account balances. Going forward, while higher lending in the unsecured credit card space would aid margins, overall, the margins would remain under pressure as the repricing on the liability side plays out, he said. The bank's gross non-performing assets ratio was 1.42% as of 31 March, worse than 1.39% a year ago but better than 1.50% in the previous quarter. Net NPA ratio at 0.31% had improved from 0.41% a quarter ago and 0.34% a year ago. Slippages during the fourth quarter were elevated at ₹ 1,488 crore, of which ₹ 135 crore were upgraded during the quarter itself. The bank wrote-off loans worth ₹ 873 crore during the quarter and saw recoveries and upgrades of ₹ 747 crore. Provisions were also high at ₹ 909 crore, significantly up from ₹ 794 crore a quarter ago and ₹ 264 crore a year ago. First Published: 4 May 2025, 11:12 AM IST
