Shares of Union Bank of India rose as much as 8.3% to Rs 180 on the BSE on Wednesday after the state-owned lender reported a December performance that reflected an improvement in asset quality and steadier profits, with a 9% year-on-year rise in net profit and a sequential improvement in bad loans, easing concerns over […]
Microfinance company Spandana Sphoornorty Financial suffered a consolidated net loss of RS 360 Crore in the first quarter of the tax, making it the fourth consecutive quarterly loss, due to a high stress and decrease in business volume and income. The lender had earned a consolidated net profit of RS 56 Crore in the period […]