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Its net interest margin for the quarter was however lower at 9.2% as compared with 9.7% earlier. Net interest income was 21% higher at Rs 422 crore. The bank expects that yield on advances would improve in the next few quarters with re-pricing of interest rates in microfinance, which is its lending segment
MFs asked to classify debt schemes on credit, interest rate risk basisA display table has been made mandatory from December 1, 2021, the Securities and Exchange Board of India (Sebi) said.
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… Read MoreNSE futures volumes take a hit on rising peak marginsThe so-called peak margin for intraday trades rose to 75% of the minimum margin on stock and index futures from June 1 and will stay that way through August end, after which it will increase to100% of the minimum margin for t… Read MoreMonetary expansion already happening: C RangarajanThere is no doubt that government expenditure has to remain high. The actual stimulus is a consequence of the level of deficit that is being maintained. The Budget indicates a deficit of 6.8% for the Centre. The states will h… Read MoreSGX Nifty up 50 points; here's what changed for market while you were sleepingAsian shares opened positive but gave up their gains. The stocks were up as May US payrolls report showed the recovery on track, but not so hot that it might bring forward a policy tapering from the Federal Reserve. MSCI's br… Read MoreStocks in focus: Tata Steel, PNB, Bajaj Finance, Varroc Engineering, Quess Corp, BoB, MRF, DHFL and more
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