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Muthoot Microfin’s net profit in the third quarter rose more than 16 times to Rs 62.4 crore compared to Rs 3.8 crore in the same period last year, helped by a decline in provisions to cover bad loans.Credit costs for the quarter were 3.3%, well below the 4-6% guidance for the fiscal year. Provisions in […]
Shares of Bajaj Finance are likely to remain in focus during Wednesday’s trading session after the company reported its third quarter results. The lender posted a 6% year-on-year decline in net profit, even as net interest income (NII) showed strong growth, reflecting healthy momentum on core lending.Bajaj Finance reported a 6.3% year-on-year decline in net […]
