Page 46 - Abhijit Lele

Padmaja Reddy's Keertana Finserv pegs AUM at Rs 3,000 cr by March 2025

Padmaja Reddy's Keertana Finserv pegs AUM at Rs 3,000 cr by March 2025

Indian per capita income to grow sevenfold by FY47, says SBI Research

The buoyancy in the number of tax filers earlier not reporting income also contributed to the upward push

Morgan Stanley backed RE firm Continuum to refinance $400 mn bonds

Company's interest savings will likely be minimal despite a lower funding cost, says S&P

Riding on high NII and other income, SFBs witness 59% profit growth

The banks' NII expanded 23.8 per cent Y-o-Y to Rs 3,381 crore, reflecting the advantage of increased lending rates

Bank of Maharashtra cuts home, car loan rates by upto 20 basis points

The lender has hiked the MCLR by 10 basis points in select tenors upto one year

FM calls for concerted global efforts to restructure debt of poor nations

Sitharaman said G20 also stresses the criticality of debt vulnerability in low- and middle-income countries through an effective, comprehensive, and systematic approach

Monetary policy: RBI to prescribe framework to reset floating rate loans

Pulls up banks for ignoring repayment capacity while elongating repayment period

LIC profit up 14x at Rs 9,543 crore in Q1; premium income stayed flat

Investment income boosted profit; individual policies sold fell

10% incremental CRR temporary, will drain out Rs 1 trn from system: RBI

Short-term rates on money market instruments like call money rates, treasury bills and commercial paper are likely to increase by 15-20 bps in the near term: ICRA

Svatantra Microfin-Chaitanya deal not trailer of M&A wave in MFI space

Huge business prospects for all players to grow

Ananya Birla's Svatantra MFI to acquire Chaitanya India Fin for Rs 1,479 cr

Combined entity to become 2nd-largest MFI player

Poonawalla group appoints Keki Mistry as strategic advisor for fin services

At present, the Pune-based group has one non-banking finance company (NBFC) and a clutch of investments in financial services companies

PSB's net profit more than doubles at 124.8% in Q1 to Rs 34,418 crore

Sequentially bottom line shows a small dent

LIC Housing Finance to aggressively use OTS, ARC for loan recoveries

The company had written off Rs 544.71 crore during FY23, in comparison to just Rs 23.03 crore written off in the previous year

Bank of Baroda Q1FY24 proft rises 87.7% on growth in net interest income

The non-interest income almost tripled YoY to Rs 3,322 crore. Sequentially, it was down from Rs 3,466 crore in Q4FY2

SBI reports merely 3% employee attrition, much lower than Private peers

The expansion of industry and the economy are producing ample job opportunities, which may be one of the reasons behind the high attrition rate in the private sector

LIC HFC Q1 net profit rises 43% YoY at Rs 1,323.6 crore; NII up 39%

Net interest income sees an increase of 39 per cent, despite disbursements markedly declining in Q1 FY24

Karnataka Bank Q1 results: Net profit rises 224.7% on better NIMs

The bank saw a marked increase in net interest income and non-interest income during the quarter

Fusion Microfinance to enter Andhra, Telangana, open up to 30 branches

MFI plans to open 150 branches across the network across the country in the current financial year

After reaching peak, banking profitability to moderate on deposit challenge

The structural re-allocation of savings away from deposit products may lead to muted growth in deposits