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CreditAccess Grameen Q2 profit jumps fourfold to Rs 502 croreCreditAccess Grameen reported a fourfold rise in Q2 net profit to Rs 502 crore, driven by higher income, lower expenses and credit costs. I...- Cupid, Sterlite Tech among stocks top 10 equity PMS portfolios hold as Nifty, Sensex plunge up to 13% in 2026Despite a sharp market downturn in 2026, all 10 top-performing equity PMS strategies delivered positive returns in September, ranging from ...
- NBFC stocks in focus: Rising funding costs threaten margins despite robust loan growth and asset qualityThe non-banking financial companies (NBFC) sector is set to enjoy robust earnings, thanks to strong credit demand and consistent asset qual...
- IIFL Finance plans to raise ₹2,500-5,000 crore by selling stake amid Fairfax exit rumorsIIFL Finance is intending to raise ₹2,500-5,000 crore by selling a minority stake. The company's promoters may subscribe to warrants to lim...
- Bajaj Finance Q2 preview: Profit may jump 29%, NII 24% as strong loan growth lifts earningsBajaj Finance is projecting a remarkable 29% increase in net profit for the July-September quarter, driven by robust loan demand and a boos...
- Bandhan Fin to explore health insurance foray post stabilisation of recent acquisitions: Chairman GhoshBandhan Financial Services is exploring opportunities in the health insurance sector after recent acquisitions. The company intends to focu...
- Axis Bank appoints former HDFC Bank veteran Rahul Shukla to head Commercial, Bharat BankingAxis Bank has appointed Rahul Shukla as the group head of Commercial and Bharat Banking, effective October 19. He brings over three decades...
- IIFL Finance Q2 profit nearly doubles to Rs 805 crore; AUM rises 38%IIFL Finance reported a significant increase in profit after tax for the quarter, rising to Rs 805 crore. This growth was attributed to str...
- IHC, First Abu Dhabi eye stake in Bandhan Bank promoterEarly investors GIC & IFC jointly hold 30% in Bandhan Financial Services (BFSL), keen to exit. PE funds tapped too to gauge strategic inter...
- CreditAccess Grameen to raise $175 million overseas loans from DBS, Standard Chartered and othersCreditAccess Grameen is in the process of securing a $175 million loan from several international lenders. This funding will help enhance t...
- CEA Nageswaran pitches for MSME-specific approach to NPA classification normsV Anantha Nageswaran emphasized the need to revise non-performing asset classification norms for micro, small and medium enterprises. He hi...
- Bank profits may rise 25% in Q2FY27, margins to recover gradually in second half: ReportAccording to a report by Emkay Research, Indian banks might report a 25.4 percent year-on-year increase in net profit. Higher foreign curre...
- Weak rains clouds recovery in Rs 3.3 lakh crore microfinance sectorIndia's microfinance sector, with a market worth ₹3.30 lakh crore, is encountering credit risk hurdles. Key factors include inconsistent ra...
- NFO Insight: Aditya Birla Sun Life Financial Services Sectoral Debt Fund opens for subscription. Is it the right time to invest?Aditya Birla Sun Life Mutual Fund has launched a sectoral debt fund focused on financial services, with relatively high interest rate risk ...
- S&P projects 12-14% credit growth this fiscal, warns weak monsoon may hit rural lendingS&P Global forecasts a 12-14% increase in financial sector lending despite potential slowdowns in rural areas. Concerns about weak monsoon ...
- S&P sees 12-14% credit growth in India despite rural stress risksS&P has projected credit growth of 12-14% in India's financial sector, emphasizing concerns about rural credit growth. The potential impact...
- Indian banks face a Q2 paradox: FCNR boosts loan growth but margins shrinkIndian banks are heading into the Q2 earnings season with strong loan growth, helped by FCNR(B) deposit inflows, but margins are likely to ...
- Indian banks' Q2FY27 earnings seen rising 11%; FCNR deposits may weigh on margins: KotakIndian banks are projected to see an 11 percent year-on-year growth in earnings for the second quarter of FY27. The report anticipates that...
- Strong growth for NEDFI during FY 2025–26NEDFI maintained a strong financial performance during the year, with gross income growing by 4.40% to Rs. 270.82 crore. Interest income in...
- Share of high-value micro loans rise: ReportThe share of high-value microfinance loans above ₹75,000 to individual borrowers rose to 41% in Q1 FY27, from 28% a year earlier, as lender...
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