Provisions for stressed loans grow multi-fold
The net interest margin (NIM) declined by seven basis points (bps) to 3.39 per cent in Q2FY25 compared to 3.46 per cent in Q2FY24
The financial institution is also looking to raise funds from multilateral agencies and is preparing for ratings to facilitate international market fundraises
Right time to acquire Micro finance business
Net interest income expanded 26% Y-o-Y to Rs 3,875 crore in Q2FY25 compared to a year-ago period
Bank's MD and CEO says the deposit costs have peaked with prospects for moderation
Advances grew by 19.29 per cent Y-o-Y to Rs 44,465 crore in Q2FY25
Regulatory warning, tight funding influence strategy
Makes Rs 586.5 crore provision for AIF investments
Revenue increased by 30% to Rs 33,704 cr, says holding company of Bajaj group's financial services and insurance businesses
Retains loan growth guidance of 11-13% despite slow capex
While NII grows 23%, loan loss provisions up 77%
Its net interest income (NII) shrank by 0.87 per cent Y-o-Y to Rs 9,047 crore in Q2 FY25 compared to Rs 9,126 crore in the same quarter a year ago
Improving FDI to support growth in manufacturing
Says AI likely to make banking services accessible to population at bottom of the pyramid
The total outstanding NRI deposits as of August 2024 stood at $158.94 billion
Toll road operator is under insolvency resolution regime
Retail loan growth may slow down to 15-20% from over 25%
Banks have calibrated credit growth, keeping in mind the challenge of raising deposits as well as RBI's concerns over the high pace of growth in the unsecured credit segment
Recoveries from written-off accounts, treasury income boost bottom line