Page 65 - Abhijit Lele%20

BOI Q2 net down 8.65% YoY on rise in provisions for standard assets

Earnings, asset quality profile improve for public sector lender

Maharashtra appoints liquidator to wind up Rupee Cooperative Bank

Trouble has been brewing at the Pune-based lender for some time. In February 2013, the RBI placed it under restrictions, which were extended from time to time

Bharti Axa Life, Accel infuse over Rs 111 cr as equity in Shivalik SFB

The SFB, an urban coop bank earlier, has a large presence in UP and MP; It has over 560,000 unique customers and runs 46 branches and 21 exclusive Business Correspondent Branches across northern India

LIC Hsg Finance's Q2 net up 23% to Rs 305 cr on dip in provisions

Net interest income and margin both decline; disbursements up 4% to Rs 16,786 crore

Onset of festive season pushes credit growth across sectors in September

Housing and vehicle loans lead surge in retail credit, which was up 19.6% YoY

Moody's lowers Vedanta Resources rating to 'B3' implying high credit risk

Persistently weak liquidity, high refinancing needs triggers rating action

SFBs need Rs 4,000 cr capital to maintain 30% CAGR in advances: CareEdge

Capital raising delayed amid volatile markets, lower risk apetite among investors

After contraction, PNB Housing Finance eyes Rs 1 trillion home loan books

It disbursed loans worth Rs 3,594 crore in Q2FY23, up from Rs 2,961 crore in Q2FY22

BOI to raise up to Rs 2,500 cr in capital via AT1 bonds for biz growth

Lender's board to meet on November 4 to consider raising capital in one or more tranches

Fusion Micro Finance's IPO opens Nov 2, price band Rs 350-368 a share

IPO consists of fresh equity of Rs 600 cr, OFS of 13.69 million shares

PNB Housing Finance's Q2 net profit rises 12% on improving margins

Shares jump over 6.5% after announcement of Q2 earnings

Jaypee Infra insolvency: Decks cleared for NARCL to buy first stress asset

Jaypee Infratech deal expected to close by early Nov

Tamilnad Mercantile Bank's Q2 net rises 37.15% to Rs 262.3 crore

TMB's NII was up 15.6 per cent YoY in Q2FY23 at Rs 508.16 crore

Listed firms managing liquidity challenges well, says India Ratings

Given the tightening liquidity conditions and higher cost of borrowings, corporates with a weak credit profile are likely to tap a loan against shares facility to meet their funding requirements

After a good ride, tide turns for low-cost CASA in September quarter

The share of CASA saw a slight rise to 56.27 per cent in September 2022 from 56.08 per cent in June 2022 and 53.91 per cent a year ago

Average cut-off yield spikes by 12 bps to 7.84% at state bond action

Dealers said Bengal and UP raised amounts via bonds with 15-17 year maturity and cut-off yield above 7.9%; pricing likely to remain under pressure in near term

Rupee weakens nearly 10% by end of Samvat 2078 on global pressures

A weakening bias in the rupee continued in October with foreign portfolio investment outflows, pushing it above 82 levels

YES Bank Q2 net profit down 32.2% to Rs 153 cr on higher provisions

YES Bank's net interest income (NII) was up 31.7 per cent YoY in Q2FY23 to Rs 1,991 crore

Canara, UBI, Central Bank see 2-digit rise in net due to higher NII growth

NII of the lender grew 18.5 per cent year-on-year (YoY) to Rs 7,434 crore

L&T Finance Q2 results: Net profit rises 81% YoY on improved margins

Its capital adequacy was 22.65 per cent (Tier 1: 19.85 per cent) and Debt to Equity (D/E ratio) at 4.18 times in Q2FY23