Page 107 - Abhijit Lele

HDFC to raise Rs 14,000 crore, fixes Rs 1,838 as floor price for QIP

Mortgage lender will use part of capital to fund inorganic opportunities and investments in existing group businesses

Govt stands behind financial sector for India's growth, says PM Modi

Banks, NBFCs give lowdown on credit flow to PM; present ideas on financial inclusion, housing finance

Loans under moratorium to dip below 10% by August end, says IDFC First

Private lender posted profit before tax of Rs 127.54 crore in the quarter ended June 2020 (Q1Fy21)

YES Bank's PBT falls to Rs 60 crore in June quarter, NII dips 16.3%

The bank's net profit for quarter under review stood at Rs 45.44 crore as against a net profit of Rs 113.76 crore in Q1FY20. It had booked a net loss of Rs 3,668.3 crore in Q4FY20

IDBI Bank posts Q1 PBT of Rs 438 cr against Rs 5,381 cr loss a year ago

Rise in net interest income, dip in provisioning drive better numbers; net profit at Rs 144 cr in Q1FY21, versus Rs 3,800 cr loss same quarter last year

Don't extend loan moratorium, it is being misused, Deepak Parekh urges RBI

Says some able borrowers are using it to deliberately delay payments

$6 bn capital raised by PSBS inadequate to safeguard against stress: Fitch

PSB divestment may trigger negative rating action

ICICI Bank June quarter net profit up 36.2 per cent to Rs 2,599 crore

To offload 4% stake in ICICI Securities. Made Covid-19 related provisions of Rs 5,550 cr in the quarter

Risk aversion rising in banks, may hinder recovery if taken to extreme: FSR

Public sector banks chose to lend only to high-quality borrowers; there was a sharp credit contraction across all rating categories except 'AA and above', FSR points out

Moody's downgrades Hero FinCorp ratings; outlook revised to negative

Today's rating action concludes the review for downgrade initiated on April 13, 2020, Moody's said in statement

Bank of Maharashtra Q1 PBT at Rs 101.13 cr, NII rises 9.14% to Rs 1,088 cr

The lender holds Covid-19 related cumulative provisions of Rs 425 crore, which is more than the norms prescribed by Reserve Bank of India

PNB Housing Q1 PBT down 20.4% on sharp dip in NII, lower disbursement

Its net interest margin declined to 2.66% in Q1FY21 from 3.14% in Q1FY20 as it did not securitise part of portfolio in Q1FY21

CARE puts rating for Rana Kapoor family owned firm in default grade

MCPL is a holding company having investments in various non-financial businesses

Rahul Bajaj steps down as Bajaj Finance's chairman, son Sanjiv to take over

Rahul Bajaj has decided to demit the office as chairman of the board with effect from close of business hours on July 31

FPO strengthens Yes Bank's capital, reduces risks for creditors: Moody's

The equity raise reflects its renewed access to external market funds. This, in turn, shows the bank's improving financial strength and will help support depositor confidence, Moody's said

SBI Cards posts 1% drop in Q1 PBT at Rs 528 cr, net profit rises 13.8%

Spend per card fell sharply to Rs 72,000 in QFY21

Mahindra Financial Services Q1 profit before tax up 98% to Rs 208 crore

The net profit rose by 129% to Rs 156 crore in Q1FY21 as against Rs 68 crore in Q1FY20

HDFC Bank PBT up 5.15% in April-June; provisions increase by 49%

Net profit for reporting quarter rises by 19.6 per cent to Rs 6,658.62 crore from net profit of Rs 5,568.16 crore in Q1FY20

PTC India considers selling controlling stake in its Financial Services arm

PTC financial Services, on standalone-basis, reported a sharp drop in annual profit to Rs 109.99 crore for FY20 from Rs 184.14 cr in FY19

L&T Finance Holdings Q1 PBT falls 86.63% to Rs 99.26 cr, impairment rises

The advances shrank by 1 per cent YoY to Rs 98,879 crore at end of June 2020 from Rs 99,904 crore in June 2019