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Profits were helped by a 70 per cent growth in non-interest income to Rs 1056 crore up from Rs 621 crore a year ago which included fees from retail and corporate banking, forex, debt capital markets and recoveries from written-off accounts.
Fusion MicroFinance Q3 Results: Net profit surges 23% YoY to Rs 126 croreThe net interest margin for the quarter improved to 11.54%, a good 118 basis points higher than what it was in the same quarter last fiscal. The lender's total income for the quarter was 32% higher at Rs 613 crore while net … Read MoreLIC Housing Finance Q3 Results: Net profit jumps over two-fold YoY to Rs 1,163 croreNet profit margin, which is a ratio of net profit to total revenue, improved to 18.1% from 10.52% over the same period. The gross non-performing assets ratio fell to 4.26% at the end of December from 4.76% a year back. Net NP… Read MoreET MARKET WATCH: Top 10 market highlights: Sensex surges 482 pts, Nifty above 21,700
from Stocks-Markets-Economic Times https://ift.tt/UQeX5zv
… Read MoreEstee Lauder to cut jobs on skittish China demand; shares surge 19%A boom following the lifting of pandemic curbs in China never materialized and recent results have indicated mixed luxury demand. While companies like LVMH and Richemont have posted strong sales growth, others like Burberry h… Read MoreLondon stocks slip after BoE stands pat on ratesThe blue-chip FTSE 100 was down 0.1%, but was up as much as 0.6% before the central bank's decision. British government bond yields rose and the pound cut some of its earlier losses.
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