Uber brings ride-booking to BBM


New York: Popular app-based cab aggregator Uber announced the launch of its services on BlackBerry Messenger (BBM), an internet-based instant messenger and video telephony application.

With the new feature in place, BBM users can book a ride from inside the chat app within the ‘discover’ menu. The feature will go live in selected countries in Africa, Asia, Europe, North America, and the Middle East, Uber said, reports TechCrunch.

BBM will utilise Uber’s web-based app, m.uber, comprising of advanced features as compared to those on a regular app.

While Uber aims to bridge the gap on the ride-hailing front, BBM, through this tie-up looks to regain its position which has been weakened with the introduction of other instant messaging apps like WhatsApp, Messenger and others.

We have targeted a credit growth of around 10 percent year-on-year (YoY) for FY17 but as of now it is negative by 8 percent, so as such we are not in need of that much capital, he said.

Will look to improve recovery of stressed assets, he added.

Q2 did not see any elevation in the non-performing assets (NPA) number as well as the ratios, both in absolute terms as well as in the ratio it has marginally come down by around 5 basis points (bps), said Marathe.

Speaking about National Company Law Tribunal (NCLT), he said that from the first list the bank had about 10 accounts amounting to Rs 4,200 crore and in the second list they had 12 accounts amounting to Rs 2,500 crore. So the bank’s total exposure to NCLT cases is at Rs 6,700 crore for 22 accounts.

He further mentioned that the bank will meet regulatory capital requirement gap with government’s support.

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