Lower bad loan provisions helped Indian Bank report a 24% rise in net profit for the first quarter to Rs 2,973 crore, compared with Rs 2,403 crore in the year-ago period. Its pre-provision operating profit rose 6% year-on-year to Rs 4,770 crore from Rs 4,502 crore. Provisions against NPAs for the quarter stood at Rs … Read more
In April 2025, Trivantage Capital’s pure-play small and mid-cap financial services portfolio delivered an impressive 9.9% monthly return, significantly outperforming its benchmarks. What sparked this sharp surge? In this edition of ETMarkets PMS Talk, we sit down with Nikhil Johri, Founder & Chief Investment Officer at Trivantage Capital, to unpack the drivers behind the portfolio’s … Read more
V Vaidyanathan, MD & CEO, IDFC First Bank, says the bank has launched several business lines, including cash and wealth management, which are vital for the bank’s future growth. These investments will generate returns. As they aim for profit, he expects the cost-to-income ratio to improve over the next four to five years. Currently, IDFC … Read more
Stating that financials as a sector and banks specifically offer better risk reward opportunity, Chandraprakash Padiyar, Senior Fund Manager, Tata Asset Management, says given the positive regulatory environment for banks in terms of early warning, asset quality will remain strong over cycle enabling higher growth in credit and ROE, leading to better valuations. “We see … Read more
Rishi Anand, MD & CEO, Aadhar Housing Finance, says the timing of the election, as their bankers have suggested, does not matter too much. So, they have gone ahead with the listing. In the entire context of getting Sebi approval for IPO in 2022 and not going ahead with it and then coming back with … Read more
Mumbai: Bandhan Bank fell more than 6% Monday after founder and chief executive, Chandra Shekhar Ghosh, announced a voluntary exit despite a board nod to continue in the top job. Brokerages Jefferies and Nomura have slashed their target prices for the stock of the Kolkata-based lender that emerged as a full-service bank after decades of … Read more
“I think this is a big shift away from the last decade story where the underwriting differentiation was all that mattered so banks won or lost depending on how good their asset quality was, but now it comes back to deposits,” says Pranav Gundlapalle, Sanford C Bernstein. I just wanted to understand what your outlook … Read more
Kolkata: Muthoot Microfin, a part of the Muthoot Pappachan group, said that its net profit for the fourth quarter nearly doubled at Rs 102 crore, backed by robust business growth. Total income was at Rs 448 crore as compared with Rs 249 crore. Profit for the full year was Rs 203 crore against Rs 80 … Read more
on Saturday reported a 20 per cent on year growth in net profit for the September quarter to Rs. 10,606 crores. Net interest income grew by nearly 19 per cent on year to Rs. 21,021 crores. Both net profit and net interest income were slightly lower than analysts’ estimates. Bank’s core net interest margin for … Read more
Mumbai: The third Covid-19 wave poses a risk to the asset quality of banks, as many restructured loans would be out of their moratorium period from the fourth quarter of the ongoing fiscal year, according to rating firm . The increased spread of the Omicron variant is likely to result in a surge in infections. … Read more