Seeks shareholders nod for extra Rs 4,000 cr in equity capital
SBI Board is slated to meet on June 21 to consider a fundraising plan for FY22
Private sector Federal Bank on Tuesday said its board has cleared Rs 148 crore-capital investment into subsidiary Fedbank Financial Services (FFSL) through a rights issue
Lower provisioning boosts bottom line; operating profit down 7.74% in Q4FY21 to Rs 885 cr
Total income on a standalone basis, however, was down at Rs 3,832 crore in Q4FY21, as against Rs 4,108 crore in the corresponding quarter of FY20
Provisional data showed that between early January and March 2021, advances rose Rs 6,696 crore, according to the lender's filing with BSE
Titan Company needs to decisively cross and sustain above Rs 1,500 levels, supported by volume, to attract the interest of market participants
The firm is aiming for an acceleration in credit growth into 'mid-teen' figures in 2021-22
Under Shyam Srinivasan, Federal Bank has transitioned from a small regional bank to one that regularly punches above its weight
I am ready to play the long game, which means that sometimes governance takes premium overshort-term tradeoffs , says CEO Srinivasan
Five-member jury chooses him for consistency of performance
The bank earned net interest income of Rs 1,437 crore in Q3, against Rs 1,155 crore a year ago
The fall was mainly due to higher provisioning for bad loans
Rakesh Jhunjhunwala reduced stake in Federal Bank to 2.4 per cent from 2.71 per cent during the third quarter of FY21
Little leeway on pricing and asset quality at a tricky level could places both segments in a tight spot
The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels
Strong growth is expected to counter the likely asset quality issues
RBI decision will clarify its stand on 15-year cap mentioned in discussion paper
Net interest income up 23% YoY to Rs 1,380 cr, Other income, comprising fee and commission, grew by 21% to reach Rs 509 cr
With gains of 7 - 10 per cent since September 24, both stocks have been an outlier among peers