Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample of 29 publicly listed banks, provisioning for non performing assets (NPA) fell by 2.9% to Rs 27,318.2 crore. For PSBs, it fell by 11.6% to … Read more
Bandhan Bank on Friday reported 47% growth in its consolidated net profit at Rs 1,063 crore in the first quarter, compared with Rs 721 crore in the last year period. The lender’s net interest income (NII) for the reporting quarter rose 21% year-on-year to Rs 3,005 crore as against Rs 2,491 crore in the same … Read more
We are in the middle of the fourth quarter earnings season and a slew of companies including Britannia Industries, Marico, Paytm and Federal Bank are slated to report their fourth-quarter earnings on Friday. Here’s a preview of what the numbers might look like for these companies: Britannia IndustriesBritannia Industries is expected to report a 16% … Read more