FMCG division had a strong year with 16 per cent sales growth and its margin improvement journey continued with fourth consecutive year of 150bp plus margin expansion.
Last month, Neelkanth Mishra, the co-head of equity strategy for Credit Suisse Asia Pacific, and India equity strategist, had told PTI that he expected the real GDP to fall to 8.5-9 per cent in FY22.
The company will also deploy three times its loan amount, through its own resources and other sources of funding, towards the same target beneficiaries over the next three years, IFC added.
Zurich-based bank said it provisionally expects to report a loss of 900 million francs for the first quarter, though final figures are still being worked out
Credit Suisse said that a significant US-based hedge fund defaulted on margin calls made last week by it and certain other banks, and following the failure of the fund to meet these margin commitments
Reliance Mediaworks Financial Services Private Limited, an RCAP Group company, is one of the investors in PFL -- promoted by Naresh Malhotra and Namit Malhotra. Reliance Mediaworks holds 10.57 per cent stake in the PFL.
