Sources say the transaction which has concluded at 1.07 times Profectus’ projected FY26 net worth, is being funded by UGRO through proceeds from its recently completed equity raise and internal accruals.
According to the survey, the net interest margin (NIM) of SCBs remained robust at 3.6 per cent in March 2024.
In an interview to CNBC-TV18, Digant Haria, AVP Research, Antique Stock Broking spoke about upcoming initial public offering (IPO) of PNB Housing Finance.
In an interview with CNBC-TV18, Arun Tiwari, CMD of Union Bank said capital infusion into PSU banks will depend their performance and the stake government wants to hold in them.
While sounding bullish on India's largest bank, the brokerage cautioned that slower-than-expected execution and higher non performing loans could disappoint.
The report says private sector banks will see ROA improving from 0.2-0.3 percent currently, to 0.55-0.65 percent in the next five years.
IDFC plans to focus on quality given the risk in the environment. It plans to focus on larger, well-capitalized high quality corporates. This type of lending will come at much reduced spreads and margins. The bank will look at low risk ways of growing the loan book
HDFC Bank has been on a branch expansion spree in semi-urban and rural places over the last couple of years, outpacing rivals, as it hopes to reap rich dividends from the wealth creation in these centres when economic growth picks up in the coming years.
In an interview to CNBC-TV18, Vaibhav Agrawal, banking analyst, Angel Broking said that the net profit of 30 percent y-o-y for HDFC is in line with the expectation and is 'neutral' on the stock.
Prabhudas Lilladher is bullish on South Indian Bank (SIB) and has recommended accumulate rating on the stock with a target price of Rs 28 in its January 15, 2013 research report.
Indian non-bank finance companies (NBFCs) will benefit from the enhanced corporate governance and disclosures standards and tightened liquidity management requirements proposed recently by the RBI, says India Ratings.
CRISIL believes that the recent draft guidelines issued by the Reserve Bank of India (RBI) for non-banking finance companies (NBFCs) will adversely affect their profitability when implemented.
Foreign banks, which have been unhappy with the RBI's rules increasing their exposure to the priority sector may not really have much to be sorry for. CNBC-TV18's Gopika Gopakumar finds out that despite this hike in exposure, foreign banks in India are in a much better operational environment that Indian banks abroad.
Fitch Ratings has come out with its report on Major Indian non-bank finance companies (NBFC). The rating agency expects delinquencies to increase and asset quality to come under pressure in this asset class.