Latest news with #KGI
Daily Tribune
13-05-2025
- General
- Daily Tribune
Students honour mothers in Bahrain celebration
A heartfelt tribute to the selfless love and dedication of mothers took centre stage at New Millennium School Bahrain on Sunday as the school hosted a special Mother's Day celebration. The event, organised on Sunday, saw students from KG II and Grade II engage in creative activities such as making Mother's Day cards and photo frames, preparing sandwiches and decorating cupcakes for their mothers. The campus radiated warmth as students and mothers came together for interactive games and joint activities designed to strengthen their bonds. Interactive celebration Mothers were invited to attend a special assembly, where the children's performances and participation added to the emotional atmosphere. The occasion provided an opportunity for students and their mothers to share joyful moments and create cherished memories. To include all parents, the school also hosted a parallel online celebration for the mothers of KGI and Grade I students. Through this platform, mothers were able to watch heartfelt expressions of gratitude and affection from their children, underscoring the strong values of family and community promoted by the school. Leadership appreciation Principal Dr Arun Kuumar Sharma shared his message of thanks, highlighting the indispensable role of mothers in shaping and nurturing the lives of their children. Chairman Dr Ravi Pillai and Managing Director Geeta Pillai praised the efforts of both students and teachers, commending the dedication that made the occasion memorable. The event concluded by reinforcing the school's commitment to promoting values of love, respect and appreciation for parents within its community.
Bloomberg
13-05-2025
- Business
- Bloomberg
Taiwan Insurers Hit by Losses in April on US Dollar Slump
Taiwan's biggest insurers posted a total loss of NT$18.7 billion ($620 million) in April due to currency volatility after US President Donald Trump warned of a wave of global trade tariffs. The insurers suffered the the worst shortfall for a single month in 1 1/2 years, Taipei-based Economic Daily News reported. Among the six biggest, Nanshan Life Insurance Co. posted the largest loss at more than NT$9 billion. KGI Life Insurance Co. was the only one among the largest to avoid a hit.
The Hindu
03-05-2025
- Business
- The Hindu
Kotak Bank Q4 net profit falls 14% to ₹3,552 crore, board approves dividend of ₹2.5 per share
Kotak Mahindra Bank for the fourth quarter reported a 14% drop in standalone net profit at ₹3,552 crore as against ₹ 4,133 crore in the year ago period. Net Interest Income (NII) for the fourth quarter increased 5% Year on Year (YoY) to ₹7,284 crore. Net Interest Margin (NIM) for the quarter was at 4.97% as compared with 5.28% a year ago. The board has recommended a dividend of ₹ 2.50 per equity share having face value of ₹5, for FY25. The bank's net profit for FY25 increased to ₹16,450 crore (including gain on divestment of KGI of ₹2,730 crore) from ₹13,782 crore in FY24, up 19% YoY. Net profit for FY25 excluding gain on divestment of KGI stood at ₹13,720 crore, the bank said in a regulatory filing. NII for FY25 increased to ₹28,342 crore, from ₹25,993 crore in FY24, up 9% YoY. NIM for FY25 was 4.96% as compared with 5.32% in the previous year. Advances increased 13% YoY to ₹444,316 crore as at March 31, 2025 from ₹391,729 crore as at March 31, 2024. Unsecured retail advances (incl. retail microcredit) as a % of net advances stood at 10.5% as at March 31, 2025, the bank said. Average total deposits grew to ₹4,68,486 crore for Q4FY25 compared to ₹4,08,321 crore for Q4FY24 up 15% YoY. As at March 31, 2025, GNPA was 1.42% & NNPA was 0.31% (GNPA was 1.39% & NNPA was 0.34% at March 31, 2024). As at March 31, 2025, Provision Coverage Ratio stood at 78%. Capital Adequacy Ratio of the Bank, as per Basel III, as at March 31, 2025 was 22.2% and CET1 ratio of 21.1%, the bank said. Consolidated net profit for FY25 increased to ₹ 22,126 crore (including gain on divestment of KGI of ₹3,013 crore) from ₹18,213 crore in FY24, up 21% YoY. Consolidated net profit for FY25 excluding gain on divestment of KGI stood at ₹19,113 crore, up 5% YoY. Consolidated net profit for Q4FY25 stood at ₹4,933 crore as compared with ₹5,337 crore a year ago, down 8%.
