Banking & Finance
Manappuram Finance Q2 net profit declines 8.8% to Rs 370 crore
However, the company’s consolidated assets under management (AUM) grew by 5.7% to Rs 28,421.63 crore from Rs 26,902.73 crore a year ago, and by 14.8% in comparison to Rs 24,755.99 crore reported in
Manappuram Finance posts 8.8 pc decline in consolidated profit in Jul-Sep
Income from operations was down by 2.15 per cent to Rs 1,531.92 crore in Q2FY22, as against Rs 1,565.58 crore in Q2FY21, it said.
Fino Payments Bank reports 74pc jump in Jul-Sept profit
Revenue of the bank grew by 35 per cent year-on-year to Rs 242.15 crore on the back of a growth of 32 per cent in transaction revenue, 43 per cent in subscription income and 35 per cent in open bankin
Ujjivan Financial Services Q2 loss at Rs 68 cr
It had posted a net profit of Rs 89.76 crore in the year-ago same period. Sequentially, the net loss narrowed from Rs 99.33 crore in quarter ended June 2021.
City Union Bank net profit rises 15% to Rs 182 crore in Q2
The bank in a statement said its gross NPA went up to 5.58% from 3.44% in the same period last year. The net NPA also increased to 3.48% from 1.81%.
Affordable housing loan portfolio was in problem even before pandemic: George Alexander Muthoot, MD, Muthoot Finance
Microfinance will do well in the future once customers start paying back. The government is encouraging the sector and banks are also refinancing.
Specify due dates in loan agreements: RBI to banks
Additionally, the central bank clarified that the instructions on SMA classification of borrower accounts apply to all loans, including retail, irrespective of the size of exposure of the lending inst
Commercial vehicle, micro loans remain pain points for lenders in Q2
“Having said that, I must say we are carrying enough provisions to take care of that,” Kathpalia said. “I do expect that in October-December, where we are seeing buoyancy all over, I believe a l
RBI imposes severe restrictions on this bank, imposes Rs 1,000 cap on withdrawals — check details
As per the directions, the bank shall not, without the prior approval of the RBI, grant or renew any loans and advances, make any investment, incur any liability, and disburse or agree to disburse any
RBI asks banks not to standardise bad loans on just getting interest payments
Issuing some clarifications to all the extant provisions and including the ones issued on October 1, 2021, on the prudential norms on income recognition, asset classification and provisioning pertaini
Jammu & Kashmir Bank reports Q2 net profit at Rs 111 cr
The bank had posted a net profit of Rs 43.93 crore in the year-ago period and a profit of Rs 104.32 crore in Q1 of FY22.
Ombudsman scheme to provide cost-free redress of customer complaints: RBI
The Scheme adopts 'One Nation One Ombudsman' approach by making the RBI Ombudsman mechanism jurisdiction neutral, the RBI said in a statement.
Healthy collections, focus on reducing stressed asset flow will aid asset quality in H2FY22: Carol Furtado, COO, Ujjivan Small Finance Bank
Since the economy has opened, we are aiming to get all our business lines to contribute well, and September and October have been good months for us. We hope to see even double the growth in November.
![Also, the aspiring middle class [is] an area we will be focusing on, and we have various segments like senior citizens, small traders, and manufacturers, so we will be introducing value-added products for these segments.](https://images.financialexpress.com/2021/11/1-255-620x400.jpg?w=620&h=400&imflag=true)
Credit active consumers up 7% during February-October this year, report says
The largest credit bureau Transunion Cibil on Thursday said the credit market is back on a growth trajectory, with the resurgence in credit demand and supply.
Bank of Baroda Q2 net profit rises 24% to Rs 2,0888 crore backed by other income
Retail loans, that accounted for Rs 1.23 lakh crore of total loans, grew 10.3% on year, while corporate loans amounting to 2.73 lakh crore grew 0.3%.
NBFCs source majority loans from digital channels post-Covid
Mid-sized non-banking finance company Shriram City Union Finance is also focusing higher on digital means to increase loan and deposit business.
Moody’s upgrades Yes Bank rating by a notch; changes outlook to positive
The long-term foreign currency issuer rating and long-term foreign and local currency bank deposit ratings of the bank has been raised to B2 from B3, Moody's said.
Bank of Baroda Q2 net profit jumps 24% to Rs 2,088 crore on higher recoveries, lower credit cost
However, the bank's total income during the July-September quarter of 2021-22, fell to Rs 20,270.74 crore, as against Rs 20,729.31 in the same period of 2020-21, Bank of Baroda said in a regulatory fi
Collection efficiency of NBFCs’ securitised pools improves in Q2 FY22: Report
The agency said that the collection efficiency (including overdue collection) for the most affected asset classes, viz microfinance and SME (Small and medium-sized enterprises) loans, reached close to
Edelweiss ARC increasing investment to acquire stressed retail loans
According to Edelweiss ARC MD & CEO RK Bansal, the company currently has around five lakh accounts under its retail portfolio and has already become the largest player in the retail ARC space.
Indian Bank launches video KYC facility enabled by VCIP technology
To begin with, Indian Bank, in a statement here said the initiative would dispense with the need for a personal visit to any branch of the bank to complete the physical verification process in place,
Ujjivan Small Finance Bank net loss widens to Rs 274 crore on poor asset quality, higher provisions
Owing to deteriorating asset quality, Ujjivan SFB’s provisions rose to Rs 436.88 crore in the reporting quarter, lower than Rs 473.21 crore in the previous quarter.
Quarterly Results: Sundaram Finance Q2 net up 10%
SFL in a statement said the second quarter witnessed recovery across most macro-economic indicators. Disbursements for the quarter recorded a growth of 14% to Rs 3,621 crore, compared to Rs 3,174 cror
Quarterly Earnings: Karur Vysya Bank net profit jumps 43% in Q2
KVB in a release said the net interest income for the quarter improved by 13.1% to Rs 680 crore, as against Rs 601 crore, while the net interest margin stood at 3.75%.
RBI imposes curbs on Babaji Date Mahila Sahakari Bank; caps withdrawals at Rs 5,000
The restrictions under the Banking Regulation Act 1949, will remain in force for six months from the close of business on November 8, 2021, and are subject to review, the RBI said in a statement.
Japan’s SoftBank sinks into losses over China investments
SoftBank has a Japanese mobile carrier under its wing that was the first to offer the iPhone in the Japanese market.
Good Banking: The role of banking in driving ESG goals
Banks hold considerable clout in shaping and enabling the ESG goals of industries and corporates
Advertisement
US Stock Market
View All- US stock futures rally as traders take Powell’s ‘Time to retire the word Transitory’ remark in their stride
- U.S. stock investors ‘willing to be patient’ with Omicron, RBC survey shows
- Cybersecurity ETFs to consider amidst increasing threat from Internet crimes
- Stocks rise as U.S. growth outweighs cautious mood
- US Stocks rise amid gains in cyclicals while technology stocks fall
Most Read
- Cryptocurrency Bill 2021: New crypto bill to be introduced in Parliament after Cabinet approval
- Covid-19 Vaccine Certificate: Here’s how to download it from CoWin portal, Aarogya Setu app
- Share Market Highlights: Sensex ends 195 pts lower at 57,064, Nifty gives up 17000 on closing bell
- Asteroid bigger than Taj Mahal racing towards Earth today; here's what NASA says
- Coronavirus (Covid-19) November 30 Highlights: Delhi govt ready to tackle any situation, assures Arvind Kejriwal; 3000 oxygen beds arranged
- India GDP Highlights: India’s GDP expands 8.4% in July-September quarter; economists see some challenges ahead
- Jio hikes prepaid tariffs, these plans to cost more from Dec 1: Check revised prices, benefits, other details
- Nihon Bullet train-what it means for public transport
- Is it really possible to completely ban Cryptocurrency in India? Check experiences from other countries
- Adani, Tata Power, ReNew to benefit: Solar PLI outlay to be hiked to Rs 19,500 crore
Advertisement
Top News
- States debt-to-GDP ratio worryingly higher than FY23 target: RBI report
- WhatsApp Windows app gets new features with first beta update: Details
- US stock futures rally as traders take Powell's 'Time to retire the word Transitory' remark in their stride
- Corona LIVE: Amid Omicron scare, new Covid cluster in Vrindavan; foreign devotees leave without informing
- IPO rush continues; 10 companies line up public issues worth Rs 10,000 cr in December
- Localisation plan for the production of AK-203 Assault Rifles yet to be finalised
- Kerala govt to sign agreement with Surface Transport, Railway ministries to build bridges at level crossings
- Sensex closes with gains, Nifty downtrend still active, bulls to return above 17300-17500
- Xiaomi says slightly higher pricing for smartphones is 'here to stay for a while'
- Attention Indian Railways passengers with Universal Pass! Here's how to book tickets through UTS Mobile App
Advertisement
State Bank Of India
HDFC Bank
Axis Bank
ICICI Bank
Punjab National Bank
CITI Bank
Kotak Mahindra Bank
IDFC Bank
Bank Of India
Bank Of Baroda