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FINANCIAL INSTRUMENTS IMPAIRMENT
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...
Kissht parent Q2 net profit doubles to Rs 125 croreSeparately, OnEMI's board on Wednesday approved a Rs 624.1-crore capital infusion into its wholly owned lending subsidiary, Si Creva Capita...
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
ET Prime Special Series: Multibagger or IBC - Part 73: The customer pays slowly. The machines depreciate slowly tooThe title of this series sounds binary. The businesses rarely are. Between a multibagger and bankruptcy lies a large middle ground where co...
You don't need to be an accountant. You just need to ask three questionsA loss can exist long before the accounts admit it, because management decides when to admit it. This story shows how that delay works, the...
PFC Q4 Results: Profit rises 24% to Rs 6,325 crore as interest income growsPower Finance Corp reported a strong rise in fourth-quarter and full-year earnings for FY26, supported by higher interest income, improved ...
CreditAccess Grameen net profit rises 15% YoY to Rs 398 croreThe lender's total income for the quarter was 29% higher year-on-year at Rs 1,513 crore on a gross loan portfolio of Rs 26,304 crore, which...
CreditAccess Grameen Q2 Results: Net profit surges 98% YoY to Rs 347 crore“We continue to witness robust business growth led by healthy new customer additions as we onboarded 3.36 lakh new customers in the second ...
Watch out for rising risk appetites among Indian banks, says FitchA rise in risk appetite among Indian banks highlights the importance of assessing individual banks’ ability to withstand both expected and ...
Fusion Micro Q4 net up nearly nine-fold on business growthFusion managing director Devesh Sachdev expects the NIM to further improve to 11-11.5% once the churning of the portfolio completes with hi...
CreditAccess Grameen Q4 net profit soars 86%The lender's gross loan portfolio grew by nearly 27% year-on-year to Rs 21,031 crore at the end of March while it added about 12.3 lakh new...
ECB's Nagel warns crisis-tool use can lead to 'dire straits'With the ECB's first rate hike approaching, investors are questioning whether surging borrowing costs could force weaker nations into a rep...
Proposed changes in RBI's investment norms to usher in structural changes in bond market: Report"The proposed inclusion of corporate bonds will catalyse banks’ investment in corporate bonds, especially long-term bonds" said a report by...
L&T Finance reports 12% growth in net profits during Q3'21-22The company intensified its focus on retail loans which rose 29 per cent year-on-year to Rs 7600 crore. 2.0. The company’s retail portfolio...
NFRA finds errors in KIOCL's financial statements for 2019-20 periodFurther, NFRA pointed out that the company's accounting policy for foreign exchange forward contracts is erroneous and it is non-compliant ...
Tata Capital’s profit hit 87% due to higher impairmentsProfit at Tata Capital, the unlisted financial services arm of Tata Group, declined 87% to Rs 124 crore in fiscal 2020 as impairments saw a...
Sufficient liquidity at present; no asset impacted by Covid-19: L&TIt has assessed Rs 1,800 crore impact on its revenue due to Covid-19 during the quarter ended March 31.
Vodafone Idea to close m-pesa business, writes off Rs 210 crore for payments bank closureNearly 17 months after it began operations, ABIPBL on July 20 announced winding up of its business on account of "unanticipated development...
Exim Bank's USD debt programme carries moderate risk: Moody'sThe rating outlook is positive for the proposed USD denominated senior unsecured notes issued by Export-Import Bank of India (Exim Bank).
KPMG hails RBI proposal on accounting standards road mapRBI today said it has recommended a road map to the Ministry of Corporate Affairs for implementation of Indian Accounting Standards (Ind-AS...