Page 47 - Abhijit Lele

Aditya Birla Capital's consolidated net profit up by 51% in June quarter

The company's asset quality improved, with gross non-performing assets (NPAs) falling to 2.6% in June 2023, compared to 3.7% a year earlier

Sharp rise in unsecured loans may push credit costs: India Ratings

The unsecured loan book saw higher credit losses during the pandemic, however on a steady state basis, the losses can range between 4-8%

88% of Rs 2,000 banknotes returned to banks by July-end, says RBI

The total value of Rs 2000 banknotes in circulation amounted to Rs 3.62 trillion in March 31, 2023

Services, retail demand keeps credit offtake robust in June: RBI data

Reserve Bank of India (RBI) data showed the services sector clocked a pace of 26.7 per cent in June against 12.8 per cent a year ago

State Bank of India raises Rs 10,000 crore via infra bonds at 7.54%

Prices issue at finer rate amid hardening yield; Gets bids worth Rs 21,698 crore

Delhi international airport plans to raise Rs 750 crore to refinance debt

The plan comes close on the heels of global rating agency Standard & Poor's (S&P) upgrading DIAL's long-term issuer rating from "B" to "B+" on the back of stronger traffic and profitability

IDFC First Bank Q1FY24 results: Net profit rises 61% YoY at Rs 765 cr

Its net interest income grew by 36 per cent YoY from Rs 2,751 crore in Q1FY23 to Rs 3,745 crore in Q1FY24

Piramal Enterprises logs consolidated net profit of Rs 509 crore in Q1

Piramal Enterprises will buy back its equity shares valued upto Rs 1,750 crore for effective utilisation of capital and creating long term value for stakeholders

Private sector banks post robust 37% YoY growth in net profits in Q1

The rise in provisions and contingencies, that for standard loans and NPAs, was 10.8% YoY to Rs 9,596 crore in Q1Fy24

Can Fin Homes Ltd to take Rs 38.5 crore hit in Q2 due to fund fraud

This marks the second time the company has fallen victim to fraud in recent quarters

S&P upgrades Delhi International Airport's rating to 'B+' from 'B'

Stronger Traffic and Profitability drives rating action

Bajaj Finance Q1 results: Net profit climbs to 32% on healthy NII

Guides for 29-31% growth in assets in FY24

HDFC Bank overtakes SBI in CRISIL's corporate banking ranking for 2023

For middle market corporates, HDFC Bank again topped the list of 2023 Leaders among local banks, and joined ICICI Bank as the year's joint Greenwich Quality Leaders

Public sector banks' lending to state govt units down 20% in FY23

The moderation in lending follows the Reserve Bank of India's missive to lenders for not doing enough due diligence and monitoring the end use of funds

Canara Bank Q1FY24 net up 74.81% to Rs 3,534.8 crore, NII up 27.7% YoY

The asset quality profile improved, with gross NPAs declining to 5.15 per cent in June 2023 from 6.94 per cent in June 2022

IndiGrid to raise Rs 27.5 billion for acquisition, refinancing old debt

Will raise Rs 15 bn in equity; Bond offering Rs 12.5 bn

Kotak Mahindra Bank Q1 consolidated net profit up 51% to Rs 4,150 crore

On a standalone basis, the private sector lender reported a net profit of Rs 3,452 crore in Q1FY24, up 67 per cent year-on-year

S&P lowers Sri Lanka's long-term local currency credit rating to 'CC'

Domestic debt restructuring plan triggers action

Union Bank of India eyes recoveries worth Rs 16,000 crore in FY24

There was one large account with exposure of Rs 1,200 crore which slipped into the stressed category

Union Bank Q1 net more than doubles to Rs 3,236 cr; NPA provisions decline

Non-interest income rose 38.57 per cent YoY to Rs 3,903 crore