Kotak Mahindra Bank maintained its conservative approach amid a pandemic, choosing to reduce its loan book to avoid risk in the September quarter. The private sector lender’s loan portfolio contracted a deeper 4% year-on-year in the September quarter, compared with a 1.9% drop in the June quarter. The downsizing pattern …
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[ad_1] New Delhi: Axis Bank posted a net loss of Rs 1,387.78 million on Tuesday for the quarter ending March 31 against a net gain of Rs 1,505.06 million in the same period last year. Analysts in an ET NOW survey had projected the number at Rs 1.9 billion rupees. …
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[ad_1] IndusInd Bank reported on Monday a 77 percent sequential decrease in net independent earnings by Rs 301.84 crore in the March quarter of fiscal year 20 (Q4FY20), against Rs 1,300.2 crore recorded in the December quarter of the current tax (Q3FY20). On a consolidated basis, the net profit was …
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[ad_1] Mumbai Private sector lender IndusInd Bank on Monday reported a net profit of ₹Rs 301.84 million for the three months to March, a decrease of 16% year-on-year (year-on-year), due to higher provisions. The bank’s total provisions increased 56% year-on-year to ₹2,440 crore in the March quarter. His earnings were …
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