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L&T Finance plans to increase short term, ECB fundraise in FY25

Company aims for strategic adjustments to benefit from the anticipated softening of interest rates

L&T Finance Q4 results: Net profit up 11%, NIM plus fees stands at 11.15%

As for full financial year FY24, net profit rose by 43 per cent to Rs 2,320 crore as against Rs 1,623 crore on FY23

YES Bank Q4FY24 results: Net Profit more than doubles to Rs 452 cr

YES Bank Q4FY24 results: Bank's non-interest income surge, offsetting NIM decline; witness slippages in unsecured book

RBI lays out norms for voluntary conversion of SFBs into universal banks

AU SFB, a few others seen as contenders for conversion

Bank of Maharashtra Q4 results: Net profit up 45% at Rs 1,218 crore

Public sector lender mulls Rs 7,500 crore equity capital raise

Bajaj Finance Q4 results: Consolidated net up 21% at Rs 3,825 crore

The board of directors of Bajaj Finance has recommended a dividend on equity shares at the rate of Rs 36 per share of face value of Rs two each for the financial year ended March 31, 2024

DCB Bank Q4 results: Net up 9% at Rs 156 cr, board approves Rs 500 cr QIP

The capital adequacy ratio of DCB Bank stood at 16.59 per cent with Tier-I at 14.53 per cent at the end of March 2024

Net FDI in India dips to $14.55 billion in April 2023-Februray 2024

Repatriation\divestment crosses $38 billion in 11 months

M&M Finance detects Rs 150 cr vehicle loan fraud, postpones board meeting

Stock down 5.5 per cent at close on BSE

Flows into NRI deposits up 84.4% to $11.8 bn in April 2023-February 2024

Outstanding NRI deposits up $2 billion in February over January

Outward foreign direct investment by Indian companies stabilises in FY24

In terms of commitments for equity, the amounts continued a downward trajectory to $8.15 billion in FY24 from $8.62 billion in FY23 and $13.39 billion in FY22

Jio Financial Services Q4 results: Net profit up 5.8% to Rs 311 crore

The total income of the entity, which is a holding company for businesses including lending, insurance broking, asset management etc., rose to Rs 418 crore in Q4FY24 from Rs 414 crore in Q4FY23

NaBFID eyes Rs 1 trillion sanctions for new infra projects in FY25

May tap into overseas market for fundraising in H2FY25

IIFL Finance board approves rights issue to raise Rs 1,271.83 crore

The issue price for the rights offer is Rs 300 per share, which is at a 29% discount to closing price of Rs 421.7 per share on Tuesday

Birla targets top 3 spot in mutual fund, lending, and life insurance

Aims to add 30 mn users in 3 years on the back of new financial services platform

NaBFID posts net profit of Rs 1,601 cr in FY24; loans stood at Rs 35,342 cr

Considering FY24 being the first full year of business operations, the Board advised that the income be continued to be accumulated as reserves to augment capital growth

Edelweiss AIF to deploy Rs 6.5k cr over 2 years; eyes road, energy assets

The fund has about Rs 13,000 crore, half of that about Rs 6,500 crore is still pending (aka still to be used). That will be utilised over two years

Bank of India signs pact with IMGC for mortgage guarantee on home loans

IMGC's guarantee will mitigate the risk of defaults for the bank, allowing it to potentially offer more favourable loan terms to borrowers, the company said in a statement

Fresh NPAs of private, public banks to pick up in FY25, says ICRA

Experts said that the expectation of an increase in fresh slippage rate in FY25 is built on the premise of seasoning of recently originated credit portfolios

UCBs strengthening profile on regulatory support, improved margins

With the repricing of loans and higher lending rates for fresh loans, the net interest margins improved from a low of 1.89 per cent in Fy20