Latest Updates Around The World
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 State Bank of India (SBI), the country’s largest public sector lender, are expected to remain in focus during Monday’s trading session after a strong performance in the third quarter of FY26. The bank reported robust earnings growth, steady improvement in asset quality and healthy loan growth, prompting brokerage Nuvama Research to raise its […]
Bandhan Bank reported a 52% decline in third quarter net profit at Rs 206 crore, compared to Rs 427 crore in the year-ago period, due to a decline in both core and other revenues.Operating profit was 29% lower at Rs 1,445 crore, compared to Rs 2,021 crore. Net interest income down 4.5% at Rs 2,688 […]
Channel checks at loan sales offices indicate that while overall credit growth is stabilizing, the composition of growth is changing, with secured retail and SME loans the main drivers.The most notable shift is in SME lending, where public sector banks have regained their dominance over the past six to nine months. Faster turnaround times of […]
State Bank of India, the country’s largest lender, is on track for one of the strongest years in recent history. The stock is up 25% so far in 2025, easily outpacing all private sector peers within the Nifty. The performance marks a clear shift in momentum for the bank: after a moderate 5% increase in […]
India’s microfinance portfolio continued to contract in the September quarter, although asset quality showed signs of recovery, according to Crif High Mark. | Photo credit: Shashi Shekhar Kashyap/The Hindu The microfinance portfolio for all lenders continued to shrink even in the September quarter, but there was an improvement in asset quality, a report said on […]
