India’s financials sector continues to face challenges, with earnings under pressure due to multiple factors, says Rahul Jain, Head of APAC Financials and India Equity Research at Goldman Sachs. There are asset quality concerns, with microfinance and unsecured lending remaining the areas of stress, while credit growth has slowed. “The asset quality in unsecured is […]
Kotak Mahindra Bank outperforms peers in Q3FY25 with strong growth across key metrics – CNBC TV18
With the third quarter (Q3FY25) results of major private sector banks announced, Kotak Mahindra Bank (KMB) has emerged as the leader of the pack, delivering impressive growth across critical business parameters. Company Value Change %Change Indian banks are facing headwinds in recent quarters vis-à-vis securing deposits. Kotak Mahindra Bank, however, has shown remarkable momentum, with […]
Yes Bank Q3 results: Net profit more than doubles to Rs 612 crore – CNBC TV18
Yes Bank on Saturday, January 25, reported robust third-quarter earnings for FY25, posting a net profit of ₹612.3 crore for the period, significantly exceeding the CNBC-TV18 poll estimate of ₹538.9 crore. It marks a substantial year-on-year increase in profitability, with the private sector lender’s net profit up by over 165% compared to ₹231.5 crore in […]
Outlook 2025: Will the MFI pain continue into the new year? – CNBC TV18
The rural economy faced significant pressure throughout much of Calendar Year 2024, especially in the microfinance (MFI) segment. This sector is expected to encounter continued challenges moving into 2025. Company Value Change %Change Sector Performance and Growth Trends Let’s look at the numbers, the assets under management (AUM) growth, or the loan growth, which was […]
How to diversify your investment portfolio – CNBC TV18
The age-old proverb “Don’t put all your eggs in one basket” is particularly applicable when it comes to investments. Diversification is a crucial strategy to reduce risk and increase potential returns. This management strategy blends different investments in a single portfolio to yield a higher return while lowering risk by investing in different vehicles. Index […]
ICRA revises Spandana Sphoorty outlook, citing asset quality concerns – CNBC TV18
ICRA has revised its outlook on Spandana Sphoorty Financial Limited (SSFL) to negative from stable, while reaffirming its rating at ICRA A+ (negative) for both long-term fund-based term loans (₹2,105 crore) and non-convertible debentures (₹423 crore). Company Value Change %Change The revision follows concerns over a deterioration in the company’s financial asset quality and profitability […]
Anand Shah of ICICI Pru AMC expects subdued earnings for this quarter and the next – CNBC TV18
ICICI Prudential AMC indicates that the quarter two results have been weak overall, except for the banking sector, where only a few companies have delivered positive surprises. Anand Shah, Head of Portfolio Management Services (PMS) and Alternative Investment Funds (AIF), at the AMC, who manages $2.65 billion in assets, remarked that the past four years […]
Margin pressures, credit access challenges mount for NBFCs amid tighter liquidity – CNBC TV18
India’s Non-Banking Financial Companies (NBFCs) are facing increasing challenges as tightening liquidity conditions intensify margin pressures and restrict access to credit, especially for smaller and mid-sized players. This was the sentiment echoed by the panellists from India’s top NBFCs at the CNBC TV-18 Banking Transformation Summit. The experts suggested that while the larger NBFCs have […]
Belstar MFI IPO expected in a year, says Muthooot Finance – CNBC TV18
George Alexander Muthoot, Managing Director of Muthoot Finance, on August 23 said that the initial public offering (IPO) of its subsidiary Belstar Microfinance is expected within the next year. Though the IPO is on the cards, Muthoot noted that there is no immediate rush as Belstar is a full-owned subsidiary of Muthoot Finance, which has […]
FM Sitharaman to review deposit growth and CD ratios of public sector banks on August 19 – CNBC TV18
Finance Minister Nirmala Sitharaman on August 19 will lead a comprehensive review of the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs). The review will focus on key financial metrics, including deposit growth and credit-deposit (CD) ratios, as well as asset quality.The government is also expected to discuss the issuance of the […]