Tag Archives: COFS

MUMBAI, July 25 (Reuters) – Indian private lender RBL Bank (RATB.NS) has the scope to expand its net interest margin (NIM) to above 5% in 2023-24, leaning on more low-cost deposits and a favorable loan book mix, its managing director and CEO told Reuters on Monday. “Our NIMs will not …

BENGALURU, July 24 (Reuters) – India’s Byju’s and its lenders, who own more than 85% of the edtech startup’s $1.2 billion term loan, have agreed to work towards amending that loan by Aug. 3, the steering committee of the creditors group said on Monday. The successful execution of the loan …

BENGALURU, July 24 (Reuters) – Indian mortgage lender PNB Housing Finance (PNBH.NS) on Monday posted a nearly 48% rise in its first-quarter profit, driven by robust demand for housing loans and improved asset quality. PNB Housing, a unit of state-run lender Punjab National Bank (PNBK.NS), said its consolidated net profit …

MUMBAI, July 22 (Reuters) – ICICI Bank (ICBK.NS), India’s second-largest private lender, beat expectations to deliver a record first-quarter net profit on Saturday, helped by higher interest income and loan growth. The Mumbai-based lender reported a near-40% rise year-on-year in net profit to 96.48 billion rupees ($1.18 billion) for the …

MUMBAI, July 22 (Reuters) – India’s Yes Bank (YESB.NS) reported a smaller-than-expected increase in quarterly net profit on Saturday as it set aside more money for aging bad loans and security receipts, denting the impact of higher net interest income. The private lender’s standalone net profit rose 10.3% for the …

MUMBAI, July 22 (Reuters) – India’s Kotak Mahindra Bank (KTKM.NS) beat expectations on Saturday with a 67% year-on-year rise in net profit for the April-June quarter, helped by higher net interest income and robust loan growth. The Mumbai-based private lender’s standalone net profit rose to 34.52 billion rupees ($421.1 million) …