New Delhi [India], June 26 (ANI): Nearly 30 per cent of housing finance companies (HFCs) portfolio is under moratorium and their gross non-performing assets (GNPAs) are likely to increase to 2.5 to 3 per cent in FY21, rating agency ICRA said on Friday.
Mumbai (Maharashtra) [India], June 5 (ANI): Government-owned State Bank of India (SBI) on Friday reported a four-fold jump in its net profit at Rs 3,581 crore during the quarter ended March.
Kochi (Kerala) [India], May 30 (ANI): Kerala-based ESAF Small Finance Bank has recorded 111 per cent increase in its net profit for the year ended March 31 (FY20) to Rs 190 crore from Rs 90 crore in FY19.
Singapore, May 29 (ANI): Indian banks are looking at significant asset quality challenges for at least the next two years despite regulatory measures, according to Fitch Ratings.
Singapore, May 21 (ANI): Indian non-bank financial institutions' (NBFI) funding and liquidity will continue to face pressure despite a pick-up in loan collections, according to Fitch Ratings.
Singapore, May 19 (ANI): Disruptions from the coronavirus outbreak will worsen economic slowdown in India that has been underway in the past year, accelerating the deterioration in asset quality at non-bank financial institutions (NBFIs), Moody's Investors Service said on Tuesday.
Mumbai (Maharashtra) [India], April 28 (ANI): Private sector lender Axis Bank on Tuesday reported a loss of Rs 1,388 crore for the quarter ended March (Q4 FY20) compared to a profit of Rs 1,505 crore in the corresponding period of last year (Q4 FY19).
Singapore, Apr 18 (ANI): S&P has affirmed its stable rating on HDFC Bank to reflect the lender's strong business franchise besides its better funding and liquidity profile than industry peers.
Mumbai (Maharashtra) [India], April 10 (ANI): Crisil has assigned FAAA/stable rating to the Rs 50,000 crore fixed deposits of IDFC First Bank Ltd while the ratings on existing debt instruments have been reaffirmed at AA/stable and A1-plus.
Mumbai (Maharashtra) [India], April 6 (ANI): India Ratings and Research (Ind-Ra) has revised IndusInd Bank Ltd's (IBL's) outlook to negative from stable while affirming the long-term issuer rating at AA-plus.
New Delhi [India], Apr 4 (ANI): PNB Housing Finance Ltd said on Saturday that investment information firm ICRA has downgraded the rating of its non-convertible debentures and tier two bonds worth Rs 1,675 crore to AA negative from AA-plus negative.
Singapore, April 3 (ANI): Moody's Investors Service on Friday affirmed the deposit ratings of ICICI Bank and Axis Bank at Baa3, and of IDBI Bank at Ba2.