Page 21 - Subrata Panda

IndusInd Bank Q3FY25 results: Net profit down 39% at Rs 1,402 crore

NII of the lender also declined marginally by 1 per cent Y-o-Y to Rs 5,228 crore

'Risk appetite for microfinance portfolios among ARCs not that high'

In acquisition, we are almost there. And in terms of recovery, if I take the target up to December, we have achieved it, said Pallav Mohapatra, MD & CEO of Asset Reconstruction Company

Bajaj Finance Q3 results: Consolidated net profit up 18% to Rs 4,308 cr

The standalone asset under management (AUM) of the lender increased 26 per cent Y-o-Y to Rs 2.93 trillion at the end of Q3 while consolidated AUM was up 28 per cent Y-o-Y to Rs 3.98 trillion

We should end Q4FY25 on a robust note: HDFC Life MD & CEO Vibha Padalkar

Following the earnings announcement, the company's share price closed nearly 8 per cent higher than the previous day's close

HSBC India gets RBI approval to open 20 new branches in 20 cities

HSBC India's branches in the country will now go up to 46

Axis Bank's shares tumble nearly 5% following weak earnings in Q3FY25

The bank reported fresh slippages of Rs 5,432 crore, up 46 per cent YoY and 22.25 per cent sequentially

SBI Life Insurance Q3 results: Net profit rises 71% to Rs 551 crore

The insurer's VNB margin, a measure of profitability for life insurance companies, remained at 26.9 per cent in Q3 FY25

Axis Bank's Q3FY25 results: Net profit rises 4% to Rs 6,034 crore

Bank reported fresh slippages of Rs 5,432 crore, up 46%

India Inc opts for long-term borrowing as short-term rate spikes

L&T, Grasim, UltraTech raise funds via 10-year bonds

BoB raises Rs 5,000 crore through 10-year infrastructure bond at 7.23%

IRFC raises Rs 2,780 crore at 7.25% for 10-year bonds

NARCL sole bidder to buy Rs 50K cr bad loans of Jaiprakash Associates

NARCL has made an offer of Rs 12,000 crore to acquire the debt of 25 lenders on a 15:85 cash-to-security receipts basis

E-commerce spend driving use of credit cards in non-metros, says Visa

Credit card transactions saw a substantial 175 per cent increase in Tier-III cities, compared to just a 27 per cent increase in Tier-I cities

First phase of Bima Sugam project likely to be rolled out mid-2025

Initially proposed for Jan '23 launch, project missed many deadlines

Bankers ask RBI for durable liquidity as deficit mounts to Rs 2 trillion

Economists are of the opinion that given the prevailing liquidity conditions, the RBI should prioritise liquidity management over rate cuts

Uncertainty looms over launch of Irdai's ambitious Bima Sugam project

Industry players, who are also investors in the project, say it is unlikely the project will meet the announced launch date of April 2025, with few updates on its progress

ARCs open to acquiring non-performing MFI loans, but only at right price

Industry-wide stress in the microfinance sector has built up due to unchecked credit growth and multiple loan disbursements to the same customers, resulting in overleveraging among borrowers

RBI lifts restrictions imposed on Asirvad Microfinance and DMI Finance

RBI, in October, had imposed sanctions on Asirvad Microfinance, Arohan Financial Services, DMI Finance, and Flipkart co-founder Sachin Bansal's Navi Finserv

Draft DPDP rules: Task cut out for banks as operational challenges loom

Banks engage in cross-selling financial products from their subsidiaries and third parties to their customer base

REC looks to sell Rs 2,848 cr bad loans in Corporate Power with 98% haircut

REC's exposure to CPL is part of a term loan extended by a consortium of lenders, where its voting share is 19.55 per cent in the liquidation process

HDFC Bank's LDR falls below 100% for the first time after merger

HDFC Bank's LDR was around 87 per cent pre-merger. Following the merger, its LDR went up to 110 per cent