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Any such possible downgrades will likely raise MFIs' funding costs compounding the problem of asset-liability mismatch at a time when collection efficiencies have deteriorated amid localized lockdowns.
IDFC First Bank Q4 Results: Profit jumps 78% to Rs 128 croreTotal income during the fourth quarter rose to Rs 4,834 crore as against Rs 4,576 crore during the same period of FY20, IDFC First Bank said in a regulatory filing.
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… Read MoreQ4 earnings, vaccination among key factors that may guide market this weekAmong Nifty stocks, Asian Paints, Lupin, UPL, Vedanta, Cipla, Dr Reddy's Laboratories, and Larsen & Toubro will announce numbers this week.
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… Read MoreHDFC to off-load 0.62% stake in general insurance subsidiaryHDFC has entered into a share purchase agreement for sale of 44,12,000 equity shares of Rs 10 each, representing 0.62 per cent of the issued and paid-up share capital of HDFC Ergo.
from Stocks-Markets-Economic Times https://… Read MoreReliance Capital Q4 Results: Loss narrows to Rs 1,649 croreOn a standalone basis, Reliance Capital posted a loss of Rs 3,865 crore as against Rs 2,501 crore at the end of same quarter a year ago.
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… Read MoreDMart Q4 preview: Profit may surge 50% YoY, margins may contract QoQThe chain of hypermarkets had in a filing to exchanges on April 5 suggested a standalone revenue growth of Rs 7,303.13 crore for the March quarter, up 17.91 per cent over Rs 6,193.53 crore in the same quarter last year.
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