OPERATIONAL ASSET PERFORMANCE
PSBs on the margins in credit cards, but NPAs ahead by a wide margin Public sector banks in India are navigating the credit card market, facing challenges with high NPAs. The focus on tier-II and tier-III cities is driving credit card sales, with State Bank of India and Bank of Baroda leading in card spending through...
02 Jul, 2024, 12.48 AM ISTMuthoot Microfin to stay on the radar with a few tailwinds A part of Muthoot Pappachan Group, the company provides micro loans to women with a focus on rural areas. It had 1,508 branches in 353 districts across 18 states of India as of March 2024. Its AUM grew by 32.4% year-on-year to ₹12,193.5 crore in FY2...
25 Jun, 2024, 06.22 AM ISTNeo Asset raises Rs 2,575 cr for Credit Opportunities Fund Neo Asset Management has closed its first Special Credit Opportunities Fund, raising ₹2,575 crore from high-net-worth individuals and family offices. The fund targets a gross internal rate of return (IRR) of 22-24% by investing in non-triple-A-rated...
11 Jun, 2024, 07.54 AM IST
RBI to come out with norms for securitising stressed loans RBI is set to release final guidelines for securitisation of stressed assets, potentially initiating a junk bond market in India.
07 Jun, 2024, 07.54 AM ISTETMarkets PMS Talk: This fund manager with over Rs 350 cr in AUM generates 2x returns vs benchmark since June 2023 Within this we are managing roughly Rs 315 crore in AQUA, a Flexicap Quant PMS Strategy, which is our flagship style-adaptive, benchmark-agnostic, dynamic multi-factor strategy and roughly Rs 35 crore in our Multi Asset Quant Strategies.
06 Jun, 2024, 09.00 AM ISTSunteck Realty records highest-ever pre-sales of Rs 1,915 crore in FY2 Realty developer Sunteck Realty has reported its highest-ever annual performance in terms of pre-sales at Rs 1,915 crore for the financial year 2023-24 as against Rs 1,602 crore a year ago. The company’s net profit for the year rose to Rs 71 crore f...
30 May, 2024, 11.07 PM ISTInd-Ra upgrades Adani Green Energy's rating, outlook stable The ratings also reflect Ind-Ra's expectation of favourable operational to under-construction book ratio, given the operational capacity of nearly 10.9 GW, and an increase in annual capacity addition targets to 5GW.
30 May, 2024, 03.24 PM ISTETMarkets AIF Talk: Fund Manager of Rs 1200 cr AUM reveals 4 key factors for wealth creation in small & midcaps Aditya Sood, Fund Manager at InCred Asset Management, discusses small companies' growth potential in an interview with ETMarkets. Sood says that the cost of capital in India will structurally decline over the next 5-7 years, benefiting small and mid...
27 May, 2024, 09.00 AM ISTIndiabulls Housing Finance Q4 Results: Profit rises 23% YoY to Rs 320 crore The mortgage lender's operating profit jumped 34% to Rs 722 crore, driven by a 31% increase in net interest income to Rs 964 crore. The company's board proposed a final dividend of Rs 2 per share, representing a 100% payout on the Rs 2 face value fo...
24 May, 2024, 11.23 PM ISTKarnataka Bank Q4 Results: Net profits dips 23% YoY to Rs 274 crore, dividend declared at Rs 5.5 per share Its net interest margin, a key profitability metric, fell 57 basis points to 3.3% for the quarter as compared with 3.87% seen in the year-ago period. Net interest income was 3% lower at Rs 834 crore.
24 May, 2024, 08.59 PM ISTBandhan Bank Q4 Results: Net profit slumps 93% YoY to Rs 55 crore Sharply higher provisioning dragged Bandhan Bank's March quarter net profit down by 93% at Rs 55 crore against Rs 808 crore in the year-ago period.
17 May, 2024, 08.34 PM ISTImproving asset quality, reach to keep Jana SFB on growth path JSFB provides micro financing, secured business loans, loans against property, micro, small and medium enterprises loans, loans against deposits and gold, and loans to finance companies. The bank strives to reduce reliance on unsecured loans by expa...
17 May, 2024, 06.02 AM ISTKarur Vysya Bank Q4 Results: Net profit jumps 35% YoY to Rs 456 crore The bank's net interest income for the quarter improved 11.5% to Rs 996 crore while other income was 57% higher at Rs 629 crore. The net interest margin for the quarter, however, was at 4.19%, down 18 basis points from 4.37% a year ago.
13 May, 2024, 07.12 PM ISTNCLT admits insolvency resolution application against Indira Container Terminal According to the company’s website, as the delay in commencing the operations was beyond the limits set by the Reserve Bank of India (RBI), the lenders classified the account as a Non-Performing Asset (NPA). As a result, the lenders halted further d...
12 May, 2024, 04.57 PM ISTStock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 39% Last week’s movement of the market has brought back some memories of what happened in March 2024. Given the event risk in terms of election results, we might see higher volatility as some profit booking takes place. If one is not a trader and knows ...
11 May, 2024, 01.25 PM ISTEsaf Small Finance Bank Q4 Results: Net profit plunges 57% YoY to Rs 43 crore The bank's operating profit was 30% higher at Rs 285 crore against Rs 219 crore but provisions and contingencies at Rs 226 crore against Rs 82 crore pulled the net profit down.
08 May, 2024, 10.36 PM ISTIndia Shelter Finance Corporation Q4 Results: Net profit soars 47% YoY to Rs 78 crore The mortgage lender, which got its shares listed on December 20 last year, said its assets under management rose to Rs 6084 crore at the end of March. The company, which is active in the affordable housing space, operates out of 223 branches in 15 s...
08 May, 2024, 09.18 PM ISTFusion MicroFinance Q4 results: Net profit up 16% to Rs 133 crore Fusion MicroFinance Q4 results: “We closed a very successful FY24 with the highest ever profit after tax, consistent growth in AUM, healthy return ratios and overall robust operational and financial metrics," managing director Devesh Sachdev was quo...
07 May, 2024, 01.15 PM ISTBest small cap mutual funds to invest in May 2024 According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks. Small companies go through many ups and d...
07 May, 2024, 10.38 AM ISTIPL Portfolio: Picking stocks like selecting a cricket team, says Arvind Kothari Arvind Kothari draws parallels between crafting investment portfolios and selecting cricket teams, advocating a mix of specialists, all-rounders, and x-factor options to navigate market dynamics and outperform the competition. "Our investment portfo...
28 Apr, 2024, 03.37 PM IST