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Bandhan's profit numbers were poorer than what analysts expected earlier. This despite lower provisions during the quarter at Rs 602 crore against Rs 642 crore in the year-ago period, which helped credit cost to fall 30 basis points to 2.4%.
Banks report lower NPAs for September quarter Contrary to expectations that there would be an increase in bad loans in the banking sector due to Covid-19, the ratio of non-performing assets (NPAs) to total loans has improved during the quarter ended in September 2020.
… Read MoreDalal Street to Wall Street, bulls are in party mode on the back of Biden win, vaccine newsJoe Biden's victory in the US presidential election on Saturday added fuel to the stock market fire on Monday with the Nifty and the Sensex shattering old records and setting new ones. The announcement by the drug companies c… Read MoreAsian stocks rally as investors applaud vaccine developmentOn Wall Street, the Dow Jones Industrial Average rose 2.95%, the S&P 500 gained 1.17% while the Nasdaq Composite dropped 1.53%. E-mini futures for the S&P 500 rose 0.47%.
from Stocks-Markets-Economic Times https://if… Read MoreStocks in the news: Prestige Estates, Tata Power, GAIL, Indiamart and Prabhat DairyGAIL, Gillette, Hindalco, Motherson Sumi and Tata Power, Teamlease and V-Mart Retail are among companies that would announce their September quarter results on Tuesday.
from Stocks-Markets-Economic Times https://ift.tt/3kh7h… Read MoreStock surge produces record 5 tycoons with $100 billion fortunesFor all of its tumult and crises, 2020 has been a banner year for the world’s richest. The 500 people tracked by the index have added $1.2 trillion in wealth since January, a 21% gain aided by surging stock markets, ample liq… Read More
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