loan book

RBL Bank Q4 results: Net profit sinks 34% YoY, misses estimates; asset quality improves

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RBL Bank Q4 results: Net profit sinks 34% YoY, misses estimates; asset quality improves

MUMBAI: today reported a 34 per cent year-on-year decline in net profit to Rs 75 crore, which was below analysts’ estimates. The decline in profit was largely on account of higher provisioning in the quarter. The lender’s net interest income in the quarter slumped 11 per cent on-year to Rs 906 crore, which was also … Read more

Piramal Capital reduces share of short-term borrowings

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Piramal Capital reduces share of short-term borrowings

MUMBAI: Piramal Capital and Housing Finance (PCHL), which is set to own in a competitive bankruptcy takeover, is strengthening its asset liability management in the run-up to running a retail-focused home financier. It has reduced the share of short-term borrowings via commercial papers/other bank credit. Short term borrowings now form just about 15-20 percent of … Read more