We are focusing on North India for gold loans: VP Nandakumar, Manappuram Finance
VP Nandakumar, MD & CEO, Manappuram Finance, says there was a tonnage growth of about 11% in gold loans but the volume growth was higher. The rise in gold prices also helped the company attain 63% profit growth.
HDFC pitches for one-time loan recast for realty projects
HDFC chairman Deepak Parekh has pitched for a one-time loan recast for realty proje...
Our trust in affordable housing loans continues unabated: Keki Mistry, HDFC
HDFC's net interest margin remained almost exactly what it was. N...
Asset quality, growth and wider footprint fire up CreditAccess
The stock has gained 11 per cent in one month and 28 per cent in three months to January 28.
Division of homes and loans in divorce: What a woman should know
In a divorce, there is no legal provision regarding the division of property. In a mutual contested divorce, the following possibilities can be considered.
Once realty starts improving, HDFC to press growth accelerator: Keki Mistry
Keki Mistry, VC & CEO, HDFC, says since HDFC has more profits, the housing finance major has been extremely conservative about provisioning and for the quarter and has allocated Rs 2,995 crore for provisioning. It is much higher than what HDFC would need to provide if NHB guidelines with regard to periods of defaults were to be followed.
Auto sector slowdown due to loan related issues, BS-VI transition: Tata Motors
"The sluggishness of the vehicle market in the country is going to be short-lived. We hope that sales of passenger vehicles will record pace by July-August before the festive season," Tata Motors president (passenger vehicles business unit), Mayank Pareek said.
Govt offers Air India with loan against aircraft of Rs 23,286 crore
The government is offering 100% of the airline, while reducing the debt of the company to Rs 23,286 crore.
PFC NPAs to reduce with resolution of 4 stressed plants: CMD
The company’s gross NPAs has reduced from 9.39% to 9.05% after resolution of two stressed assets this year while the net NPAs reduced from 4.61% to 4.28%.
HDFC Q3 results: Profit jumps 4 times to Rs 8,372 crore on one-time gain; provisions spike
Company got a boost of Rs 9,019.81 cr from fair value gain from merger of Gruh with Bandhan.
Canara Bank Profit Up on Rise in Retail Loans
The earnings rose to ₹329.62 crore from ₹317.52 crore the year ago.
Deviations in loan approvals done on account of ‘vintage relationship’ with clients: RBI report
The agency said this in its chargesheet against Religare Enterprises’ former promoters Malvinder and Shivinder Mohan Singh, its former chairman Sunil Godhwani and two others, in a funds-misappropriation case filed by Religare Finvest.
Axis Bank reports strong loan growth in Q3; key takeaways
Asset quality of the company improved, but slippages and provisions jumped during the quarter.
Mastercard’s swipe makes Pine Labs 1st unicorn in 2020
Pine Labs will work with Mastercard to deliver a range of card and real-time payments.
Adani Capital acquires Essel Finance’s MSME loan business
The business has a secured loan book of approximately Rs 145 crore comprising 1100 customers, a staff strength of 40 professionals and operates out of 10 cities in India.
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