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Axis Bank raises loan rates by 5 bps over growing margin pressure

The Reserve Bank has also virtually told the banks that it would not allow any special dispensation to safeguard their bottom lines
Finance

Axis Bank raises loan rates by 5 bps over growing margin pressure

The Reserve Bank has also virtually told the banks that it would not allow any special dispensation to safeguard their bottom lines

Affordable housing loans show good growth; NPAs rise too, says RBI

Housing finance companies (HFCs) and public sector banks (PSBs) experienced a slowdown in housing loan disbursements during 2016-17
Finance

Affordable housing loans show good growth; NPAs rise too, says RBI

Housing finance companies (HFCs) and public sector banks (PSBs) experienced a slowdown in housing loan disbursements during 2016-17

Case for a prolonged pause on interest rates by RBI, say economists

But economists also say from now on minutes of the six-member Monetary Policy Committee meeting will make interesting reading
Finance

Case for a prolonged pause on interest rates by RBI, say economists

But economists also say from now on minutes of the six-member Monetary Policy Committee meeting will make interesting reading

BoI to be out of RBI watch list soon as bad loan recovery picks up: MD

Downgrading of accounts impacted the profitability as well as non-performing asset (NPA) position of the bank retrospectively
Finance

BoI to be out of RBI watch list soon as bad loan recovery picks up: MD

Downgrading of accounts impacted the profitability as well as non-performing asset (NPA) position of the bank retrospectively

IndusInd Bank Q3 net profit rises 25% to Rs 9.36 billion; stock falls 2%

The capital adequacy ratio (CRAR) for the quarter was 15.83 per cent an improvement against 15.31 per cent in the previous quarter
Finance

IndusInd Bank Q3 net profit rises 25% to Rs 9.36 billion; stock falls 2%

The capital adequacy ratio (CRAR) for the quarter was 15.83 per cent an improvement against 15.31 per cent in the previous quarter

IndusInd Bank Q3 net profit rises 25% to Rs 9.36 bn; stock falls 2%

Private sector lender IndusInd Bank today posted a 24.72 per cent increase in net profit to Rs 936.25 crore for the quarter ended on December 31, 2017. The bank had recorded a net profit of Rs 750.64 crore in the October-December quarter of last fiscal. To
Finance

IndusInd Bank Q3 net profit rises 25% to Rs 9.36 bn; stock falls 2%

Private sector lender IndusInd Bank today posted a 24.72 per cent increase in net profit to Rs 936.25 crore for the quarter ended on December 31, 2017. The bank had recorded a net profit of Rs 750.64 crore in the October-December quarter of last fiscal. Total income of the lender also increased to Rs 5,473.54 crore during the quarter under review, up 16.05 per cent as against Rs 4,716.13 crore over the corresponding period of the previous fiscal, IndusInd Bank said in a BSE filing. The gross non-performing assets (NPAs) of IndusInd Bank increased to 1.16 per cent of the total advances during the third quarter of the current fiscal, against 0.94 per cent at the end of third quarter of 2016-17. Net NPAs of the bank rose to 0.46 per cent in the quarter from 0.39 per cent of the total assets. Commenting on the performance, IndusInd Bank MD & CEO Romesh Sobti said: "The bank has continued to show a steadfast performance again in this quarter. All vectors for both topline .

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