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FUSION FINANCE ASSET QUALITY
Fusion Finance swings to Rs 86.5 crore profit as asset quality improvesFusion Finance reported a net profit of Rs 86.5 crore in Q2, reversing a year-ago loss of Rs 22.1 crore. Gross NPAs improved to 1.6%, AUM g...
Banks seek microloan guarantee extensionIDFC First Bank and small finance banks such as AU, Jana and Suryoday were among the biggest users of the scheme to reduce credit risk. The...
Muthoot Finance Q2 cons profit jumps 36% YoY to Rs 3,278 croreMuthoot Finance reported a 36% year-on-year rise in consolidated net profit to Rs 3,278 crore in Q2, while assets under management grew 42%...
IDBI Bank employees' forum opposes Fairfax stake sale, seeks parliamentary reviewThe United Forum of IDBI Officers and Employees has opposed the planned sale of IDBI Bank's majority stake. They have requested an immediat...
TVS Capital Funds expands into private credit with launch of TVS Alts; targets Rs 750 crore fundTVS Capital Funds has unveiled TVS Alts, a new platform aiming to make strides in the private credit sector. Focusing on companies with rob...
LIC Housing Fin Q2 net profit grows 12% YoYLIC Housing Finance experienced a 12% year-on-year increase in consolidated net profit, reaching ₹1,507 crore. Total income for the quarter...
ESAF Small Finance Bank posts Rs 160 crore Q2 profit as asset quality improvesESAF Small Finance Bank reported a net profit of Rs 160 crore in Q2, reversing a Rs 116 crore loss in the year-ago period. Improved margins...
Equitas Small Finance Bank chief PN Vasudevan plans exit over perceived conflict involving daughter's NBFCPN Vasudevan's recent announcement of his resignation as managing director of Equitas Small Finance Bank highlights pressing concerns over ...
Satin Creditcare Q2 profit surges over three-fold as asset quality improvesSatin Creditcare Network reported a more than three-fold rise in consolidated net profit to Rs 176 crore in the second quarter, helped by l...
Bandhan Bank Q2 profit jumps 5.6 times as asset quality improvesBandhan Bank reported a five-fold rise in Q2 profit to Rs 622 crore, supported by lower provisions and improving asset quality. Net interes...
Cholamandalam Investment Q2 Results: Profit surges 41% to Rs 1,630 crore; co plans to raise Rs 5,00O crore via QIPCholamandalam Investment and Finance Company has reported an impressive 41 percent surge in net profit for the second quarter, marking Rs 1...
Tata Capital Q2 Results: Profit jumps 51% to Rs 1,660 crore; NII up 23%Tata Capital’s September-quarter net profit surged 51% year-on-year to Rs 1,660 crore, driven by loan growth, higher interest income and lo...
AU Small Finance Bank shares tumble 10% after Q2 results, but Jefferies and Motilal see up to 37% upsideAU Small Finance Bank shares fell up to 10% despite a 53% year-on-year rise in Q2 net profit. Jefferies and Motilal Oswal retained Buy rati...
Shriram Finance Q2 profit jumps 59% YoY to Rs 3,677 crore on strong interest income, lower funding costsShriram Finance reported a 59.4% year-on-year rise in Q2 FY27 standalone profit to Rs 3,677 crore, driven by higher net interest income and...
Jana Small Finance Bank Q2 profit jumps 127%, raises FY27 growth outlookJana Small Finance Bank reported a 127% year-on-year rise in Q2 profit to Rs 170 crore, supported by business growth, higher margins and im...
From mercury to gold? This San Francisco startup claims it can produce yellow metal at willSan Francisco-based startup Marathon Fusion claims to have converted mercury into stable gold using fusion-generated neutrons, at a rate 10...
Lab-grown gold to crash prices? San Francisco’s Marathon Fusion just turned mercury into yellow metalMarathon Fusion, a San Francisco-based start-up, claims to have converted mercury into stable gold using nuclear transmutation, saying it s...
Fusion CX debuts at 5.5% premiumFusion CX shares were listed at ₹305 on the NSE. The issue was listed at a premium of 5.54% against the issue price of ₹289 per share. The ...
Fusion CX shares list at 6% premium over IPO priceFusion CX made its stock market debut after raising Rs 702 crore through its IPO. Strong subscription, rising profits, AI investments and e...
Mahindra Finance Q2 net profit surges 55% to Rs 882 crore on volumes, lower credit costBusiness assets under management grew 15% year on year to Rs 1.47 lakh crore. Non-vehicle finance disbursements, including SME loans, perso...