NEW DELHI: Brokerages have mostly retained their bullish view on State Bank of India (SBI) after the PSU lender posted better-than-expected quarterly earnings. SBI reported a 51.9 per cent year-on-year (YoY) growth in net profit for the September quarter at Rs 4,574.16 crore. Analysts in an ETNow poll had projected the profit figure at Rs … Read more
NEW DELHI: ICICI Bank on Saturday reported a six-fold jump in its net profit at Rs 4,251 crore for the September quarter. The private lender had reported a profit of Rs 655 crore in the year ago quarter. Net interest income (NII), which is the difference between the interest income a bank earns from its … Read more
Mumbai: The total loans under moratorium for ICICI Bank fell to 17.5% by value in June from around 30% in April with less than 10% of customers added to the ones that had availled the moratorium facility in April, the bank said in a post earnings call. ICICI Bank’s fall in loans under moratorium is … Read more
NEW DELHI: PNB Housing Finance said it will seek shareholders’ approval next month to raise up to Rs 45,000 crore through debt securities. The company’s annual general meeting is scheduled to take place on August 5, 2020. Shareholders are being requested to authorise the board of directors to offer, from time to time, the subscription … Read more