State Bank of India (SBI) wrote off loans worth Rs 9,986 crore during Q3FY21. A clutch of banks have together written off loans worth Rs 25,539 crore in the December …
Tag:
inQ3
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Divis has a consistent track record of revenue growth and margin improvement. Divi’s Laboratories (Divis) reported Q3FY21 performance broadly in line with our estimates, though reported margin and PAT was …
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The bank made drastic improvement in its asset quality with gross NPA decreasing 365 bps to 9.04% of gross advances, from 12.69%, y-o-y. Chennai-headquartered public sector lender Indian Bank on …
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The lender had reported a 180% year-on-year increase in its second quarter net profit to Rs 68.9 crore on the back of higher interest income. The gold loan portfolio of …
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The lender’s liquidity coverage ratio was at 248.26% for the December quarter. Federal Bank’s deposits grew 12% year-on-year during the third quarter of the current fiscal while gross advances reported …
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The margin trajectory will remain moderately under pressure, given the continued monetary easing, low lending rates and relatively higher liquidity on bank balance sheets. Private lenders have reported a sequential …
