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Private banks like Kotak Bank and RBL Bank are experiencing higher defaults in the microfinance sector. Kotak Bank reported a 10% rise in net profit, but its microfinance arm saw significant losses. Similarly, RBL Bank saw an 86% drop in net profit due to increased provisions for microfinance loans. Industry-wide challenges are anticipated to stabilize in the coming quarters.
Axis Bank, one of India’s leading private lenders, saw its share price drop by 3.5% on Friday morning following the announcement of its Q3FY25...
HDFC Bank Q3 2025 results: The bank saw both net profit and income on interest drop year-on-year during the third quarter of the financial year...
Oliver Kazunga Senior Business Reporter THE Zimbabwe Women’s Microfinance Bank (ZWMB) significantly increased loan disbursements in 2024, reaching...
Havells India Ltd reported a 3.45% decline in consolidated net profit for the December 2024 quarter, amounting to Rs 277.96 crore. Despite this,...
Shares of Zomato fell by 12 per cent after a 57.2 per cent drop in its consolidated net profit for the December quarter. This decline also impacted...
Banks are offering better deposit rates to attract customers amid liquidity shortages. IDBI Bank launched a scheme for individuals aged 80 and above,...
JPMorgan's net income rose 50% to over $14 billion in Q4, with EPS at $4.81, surpassing Wall Street's forecasts. Revenue increased to $43.7 billion....
JPMorgan's net income rose 50% to over $14 billion in Q4, with EPS at $4.81, surpassing Wall Street's forecasts. Revenue increased to $43.7 billion....
As U.S. police departments release preliminary or finalized 2024 crime numbers, many are reporting historic declines in homicides and drops in other...