Mumbai: KVS Manian, Federal Bank‘s MD, has expressed confidence that slippages in the bank’s micro finance book have peaked last quarter, and that return on assets (RoA) would improve on better festive-season demand and supported by products such as gold loans. Federal Bank’s net profit dropped 15% year-on-year in the first quarter ended June 2025 … Read more
Issue dates: September 09-11, 2024Issue price: Rs 66-70Issue size: Upto Rs 6,560 croreImplied market cap: Upto Rs 58,297 croreFace value: Rs 10Lot size: 214 sharesRetail portion: 35% Bajaj Housing Finance (BHFL), the country’s second largest mortgage lender after LIC Housing Finance, plans to raise Rs 3,560 crore through fresh issue of shares to augment the … Read more
NEW DELHI: A record net profit, an improvement in asset quality, a fall in sequential provisioning, recovery in disbursements to pre-Covid levels, soft NIM and increase in mobile transactions were some of the key highlights of ICICI Bank‘s September quarter results. Record profitWhile a multifold jump in profit in ICICI Bank’s September quarter results was … 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