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Andhra Pradesh Police arrest three people working with SKS Microfinance and Spandana on a complaint of harassment by a borrower.

 
 
The bank touched a net of Rs 351.7 crore, against a net profit of Rs 291.6 crore in the same quarter of the last financial year, the bank said in a filing on the BSE.
The lender also reported an increase of 8.4 per cent in total income for the quarter at Rs 6,077 crore, against Rs 5,602 crore in the year-ago period.
Under the agreement, both companies will offer vehicle loans through the auto maker's 250 dealerships and the bank's 2,300 branches across the country.
Under the agreement, Punjab & Sind Bank - having a customer base of about 65 lakh - would collect biometric and demographic details of its account holders.
 
 
The private sector lender's total income in June-September period stood at Rs 2,940.96 crore, up 27 per cent from Rs 2,311.90 crore in the same period last year.
The new age lender's profit rose to Rs 176.26 crore in the second quarter against Rs 111.71 crore in the September quarter of the previous financial year.
In the first tranche announced earlier in June, the government had approved capital infusion of Rs 6,211 crore in the five public sector banks.
National Housing Bank recorded its highest net profit at Rs 288 crore. The bank's operating profit also increased 25 per cent, at Rs 444 crore.

The country's largest lender, State of India, on Friday said there is a strong case for merging five of its associates with itself.

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