Edelweiss Financial Services posts Q4 net loss of ₹2,281.55 crore

Edelweiss Financial Services reported a net loss of ₹2,281.55 crore in the fourth quarter of 2019-20 with a sharp rise in provisions and impairments.

from Business Line - Money & Banking https://ift.tt/31MYKbe

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Finmin may review capital requirement of PSU banks after second quarter

The finance ministry may assess the capital requirement of public sector banks after the September quarter as there would be greater clarity about a spike in bad loans by that time, sources said.

from Banking & Finance – The Financial Express https://ift.tt/38rnSW2

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Federal Bank total deposits up 17%, gross advances rise 8% in Q1 FY 21

Private sector lender Federal Bank reported a 17 per cent increase in its total deposits in the first quarter of 2020-21 and just an eight per cent in

from Business Line - Money & Banking https://ift.tt/3f1Hfr7

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DHFL defaults on NCD repayments of ₹50 cr

Says it can’t pay due to moratorium restrictions

from Business Line - Money & Banking https://ift.tt/38w2COQ

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Federal Bank bets on gold loans to drive credit demand in sluggish economy

The bank is targeting gold loan growth to touch 35 per cent during FY21 as against 29 per cent in FY20.

from Banking/Finance-Industry-Economic Times https://ift.tt/38vTXvO

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