Search For "asset quality"
SBI reports 84% jump in net profit for Q3FY25, strong credit growth and im
Updated : 1 year, 1 month ago IST
The operating profit for the quarter stood at Rs23,551 crore, marking a 15.81 per cent YoY increase. Additionally, the Net Interest Income (NII) grew by 4.09 per cent YoY to Rs41,446 crore, while the Return on Assets (ROA) improved to 1.04 per cent, rising 42 basis points (bps) YoY. The bank
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IDFC FIRST Bank Q3 FY25 PAT at Rs. 339 crore, Core Operating Profit up 15%
Updated : 1 year, 1 month ago IST
Mumbai (Maharashtra) [India], January 25: IDFC FIRST Bank has reported a strong financial performance for Q3 FY25, with a Profit After Tax (PAT) of Rs. 339 crore and a 15% YoY increase in core operating profit. The bank saw significant growth in key areas, including a 28.8% rise in custom
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Large Indian NBFIs poised to outperform amid economic and regulatory chall
Updated : 1 year, 1 month ago IST
While softer economic conditions, tighter bank funding, and asset quality concerns are expected to affect the sector's credit growth and profitability in the near term, larger NBFIs with robust operations and diversified funding channels are expected to maintain steadier performance.
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Banks' profitability increases for sixth consecutive year in 2023-24, cont
Updated : 1 year, 2 months ago IST
The asset quality of Banks have also improved, as per the apex bank report, with the gross non-performing assets (GNPA) ratio falling to its lowest in 13 years at 2.7 per cent at March-end 2024 and 2.5 per cent at September-end 2024.
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RBI Deputy Governor M Rajeshwar Rao highlights IBC's transformative impact
Updated : 1 year, 3 months ago IST
M Rajeshwar Rao, Deputy Governor, Reserve Bank of India (RBI) on Sunday highlighted the transformative journey of the Insolvency and Bankruptcy Code (IBC) since 2016, emphasising its critical role in improving bank asset quality and facilitating substantial pre-admission settlements of un
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Banking sector reforms are paying its dividend to Indian Economy: Nirmala
Updated : 1 year, 5 months ago IST
Sitharaman said, "The soundness and resilience of India's banking sector have been underpinned by a sustained policy focus on asset quality improvements, enhanced provisioning for bad loans, sustained capital adequacy, and a rise in profitability."
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Spend and loan growth of credit cards slowed as lenders are cautious on as
Updated : 1 year, 5 months ago IST
Growth in credit card spending across the system has dropped to about 13 per cent year-on-year (y-o-y) in August 2024, down from 19 per cent in July 2024. The Reserve Bank of India (RBI) credit card data for August 2024, has also highlighted a continued slowdown in both the number of cards i
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Private credit market in India sees robust growth in H1 CY2024 with USD 6
Updated : 1 year, 6 months ago IST
The momentum seen in H1 CY2024 has already outpaced the deal flow of the previous year, showcasing the growing interest and activity in the private credit sector.
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MAS Financial Reports 24 per cent Growth in AUM & 26 per cent in PAT i
Updated : 1 year, 7 months ago IST
Ahmedabad (Gujarat) [India], July 25: The Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE: 540749, NSE: MASFIN), specialized in MSME financing, announced today the unaudited financial results for the quarter ended 30th June 2024.
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Poonawalla Fincorp Achieves Significant Milestone of GNPA Below 1 per cent
Updated : 1 year, 9 months ago IST
Pune (Maharashtra) [India], June 3: Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC focusing on consumer and MSME finance, has achieved a significant milestone of Gross NPA below 1 per cent and Net NPA below 0.5 per cent as on 31st May 2024. It continued to regis
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IDFC FIRST Bank to Raise Rs 3,200 cr Via Preferential Issue
Updated : 1 year, 9 months ago IST
Mumbai (Maharashtra) [India], May 31: IDFC FIRST Bank has laid a robust foundation with a strong and profitable business model. The Bank is seeing strong traction in raising deposits with customer deposits growing by 42% in FY24 over FY23. The Bank also sees significant upcoming opportunitie
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Large Indian banks are expected to improve their asset quality in the curr
Updated : 1 year, 9 months ago IST
The cumulative nonperforming loans (NPLs) of India's three largest private and three largest public banks fell to 2.483 trillion Indian rupees in the 12 months ending March 31, marking an 11 per cent decrease from the previous year's Rs 2.791 trillion.
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