Open to buy loan pools that meet risk-adjusted return norms
Net interest income grew by 10 per cent Y-o-Y to Rs 7,196 crore, while fees and services for Q3FY25 also grew 10 per cent to 2,362 crore
In his resignation letter, Nagnur stated that he intends to relocate to the United States to care for family members
Other income or non-interest income went up to Rs 2,684.19 crore from Rs 2,314.53 crore. Fees and services for Q2FY25 increased to Rs 2,312 crore, up 14 per cent
This deal marks the second significant transaction between an Indian private sector bank and a foreign bank in recent years
Transaction is expected to be completed over next three months
Analysts at Nomura suggested that larger private banks are likely to experience a greater negative impact on their NIMs from the potential US Fed rate cuts compared to mid-sized & smaller banks.
InCred's target price translates into 30.7 per cent downside in the share price from previous close of Rs 721.15 per share.
As per the scheme of amalgamation approved on Monday, Sonata would merge with BSS Microfinance Ltd on a going concern basis, Kotak Mahindra Bank said in a regulatory filing