- Bajaj Auto’s PAT rises 23% to Rs 1,556 crore
The domestic CV business remains impacted due to inadequate demand for short-distance mobility but the firm is working on strategy to bring some innovative financing solutions to this market, Ray said…
- 14 hours ago 22 Jan 21, 4:07am -
- South Indian Bank reports Rs 92-crore loss in Q3
Provisions and contingencies for the third quarter stood at Rs 499 crore, up 91.42% from Rs 261 crore in the corresponding period of the previous fiscal.
- 14 hours ago 22 Jan 21, 3:54am -
- Maintain ‘buy’ on Federal Bank, revised TP Rs 90
While it restructured Rs 10.6 bn (0.54% of loans) worth of accounts in Q3FY21, it reduces potential restructuring to ~1.3% vs 2-3% as indicated earlier.
- 14 hours ago 22 Jan 21, 3:45am -
- Downgrade Bajaj Finance to ‘sell’, fair value Rs 4,000
We raise our FV to Rs 4,000 (4.5X book) from Rs 3,000 to reflect higher estimate, rollover to March 2023E and marginal reduction in cost of equity.
- 14 hours ago 22 Jan 21, 3:39am -
- Interview | Collections in Assam to see short-term challenges, says Bandhan Bank MD Chandra Shekhar Ghosh
In an interview with Mithun Dasgupta, Ghosh says the bank's gross NPA ratio is not likely to rise further.
- 15 hours ago 22 Jan 21, 3:18am -
- Bandhan Bank Q3 profit down 13.5% on Covid provisioning
The bank's total seposits increased by 29.6% y-o-y to Rs 71,188 crore as on December 31, 2020 as compared to Rs 54,908.5 crore as on December 31, 2019 while total advances grew by 22.6% y-o-y to Rs 80…
- 15 hours ago 22 Jan 21, 2:58am -
- Banking on the new: Differentiated banking licences for NBFCs is a reform the Budget 2021 should consider
Differentiated banking licences for NBFCs—to make low-cost capital available to specific sectors—is a reform the Budget should consider
- 17 hours ago 22 Jan 21, 1:15am -
- Adjusted gross revenue of telcos rises 3.58% to Rs 45,707 crore Q-o-Q
During the reported period, AGR for access services, also called mobile services, rose for all the leading operators, with maximum growth rate witnessed by Vodafone Idea followed by Bharti Airtel, Rel…
- 19 hours ago 21 Jan 21, 11:00pm -
- Draft proposal: Mining letter of intent to be transferred to acquirer via insolvency route
However, the rule is silent on transfer of LOI. To address this issue, the mines ministry has now come out with a draft proposal to amend the relevant rule under the Act. Stakeholders have been asked…
- 20 hours ago 21 Jan 21, 10:30pm -
- Jindal Steel and Power (JSPL) swings into black, posts Rs 2,567-crore profit
The firm’s earnings before interest, tax, depreciation and amortisation (Ebitda) in the quarter was Rs 4,252 crore, registering an annual growth of 134%. Ebitda margins increased 15 percentage point…
- 20 hours ago 21 Jan 21, 10:22pm -
- Small finance banks’ low NPA ratio reflects better credit risk management: RBI
“One of the creditable features associated with micro finance has been its lower loan defaults, which have been made possible by better management and supervision of the credit portfolio through the…
- 21 hours ago 21 Jan 21, 9:00pm -
- Demand for gold loan surging: Muthoot Finance
Muthoot exited its white label ATM business in December 2020 as the venture was not making money. He said digital transactions are increasing and more than 60% of customers do some digital transaction…
- 22 hours ago 21 Jan 21, 8:30pm -
- PSB stocks may play catch-up if asset quality stays stable
Ever since the markets started making new highs since November, the Nifty Bank has rallied 34.7%. Conversely, the Nifty PSU Bank index has rallied 52% for the same period. The rally in PSU banking sto…
- 22 hours ago 21 Jan 21, 8:00pm -
- Tea traders body demand thorough evaluation of e-auction system before pan-India rollout
The tea trade, which migrated from a manual auction system to e-auction format in 2016 as part of the auction reform initiative, has been implemented in Coonoor and the Borad has proposed, furthering…
- 23 hours ago 21 Jan 21, 7:30pm -
- Jute Commissioner restricts stock limit for mills to curb raw jute prices
The Jute Commissioner’s (JC) office has issued an order wherein it has specified the stock limit for each and every jute mill of the country's 72 operational jute mills at present. The JC has asked…
- 23 hours ago 21 Jan 21, 7:00pm -