Page 55 - Interest Margin News Today

Britains biggest banks are on the comeback trail, as the effects of the coronavirus pandemic on their balance sheets appear less than severe than originally feared. In their recent round of results, far from reporting spiralling losses on soured loans to business and households, Britains big four banks either released money that had been set aside to cover coronavirus-related costs or reported a smaller-than-expected hit. As a result, profits rose in the first three months of this year - hugely...

Domestic equity indices extended gains to fourth consecutive trading session on Monday. The Nifty ended near the 14,950 level. All sectoral indices on the NSE ended in the green. As per the provisional closing data, the S&P BSE Sensex, rose 295.94 points or 0.6% to 49,502.50. The Nifty 50 index rallied 119.2 points or 0.8% at 14,942.65. In the broader market, the S&P BSE Mid-Cap index added 0.97% while the S&P BSE Small-Cap index rose 0.94%. The market breadth was strong. On the BSE, 2,079 sha...

Total income during the quarter increased by 5.6% year-on-year (YoY) to Rs 4,834.01 crore. Net Interest Income (NII) improved by 15% to Rs 1,960 crore in Q4 FY21 from Rs 1,700 crore in Q4 FY20. Net Interest Margin (NIM) rose to 5.09% as on 31 March 2021 from 4.61% as on 31 March 2020. Pre-Provisioning Operating Profit (PPOP) declined by 18% to Rs 646 crore in the fourth quarter from Rs 787 crore in the same period last year. The provision for Q4 FY21 was at Rs 603 crore as compared to Rs 679 c...

Equity indices traded sideways with gains in morning trade. The Nifty held above the crucial 14,900 mark. Metal, pharma and PSU bank stocks advanced while IT stocks were under pressure. At 10:27 IST, the barometer index, the S&P BSE Sensex, was up 330.15 points or 0.67% at 49,536.21. The Nifty 50 index was up 108.85 points or 0.73% at 14,932.95. In broader market, the S&P BSE Mid-Cap index was up 0.74% while the S&P BSE Small-Cap index gained up 0.84%. The market breadth was strong. On the BSE...

Share this article Share this article TUCSON, Ariz., May 7, 2021 /PRNewswire/ -- CBOA Financial, Inc. (OTCMKTS:CBOF) (the "Company"), parent company of Commerce Bank of Arizona (the "Bank" or "CBAZ"), announced that consolidated after tax net income for quarter ending March 31, 2021 increased 46% to $543,000, from $371,000 year-over-year. Chris Webster, Bank President and Chief Executive Officer commented, "Our year over year performance validates our current operating strategy; successful purs...

The micro finance bank reported an 80% fall in net profit to Rs 103.03 crore on 25.5% rise in total income to Rs 3787.91 crore in Q4 FY21 over Q4 FY20.Profit before tax stood at Rs 135.17 crore in Q4 FY21, a decline of 80.5% from Rs 693.32 crore in the same period last year. Operating profit before provisions surged 13.73% year on year to Rs 1,729.47 crore in Q4 FY21. The banks Net Interest Income (NII) for the quarter grew by 4.6% year on year to Rs 1,757 crore in Q4 FY21 from Rs 1,680 crore i...

In our Big Story titled ‘Four stocks to ride out the market volatility’ (https://tinyurl.com/4stocksBS) we highlighted how HDFC is a good stock to accumulate for the long term. The company’s fourth qu

The Bank holds accelerated provisions of Rs 387.96 crore on standard assets as at March 31, 2021 against the potential impact of COVID-19 (other than provisions held for restructuring under COVID 19 norms), the company said in its filing. In Q4 2021, the bank’s net profit was down by 80.08 per cent at Rs Rs 103.03 crore, from Rs 517.28 crore in Q4 FY 2020. Further, during the current quarter the Bank has made additional provisions on NPA amounting to Rs l,034 crore against the existing NPA...

Bandhan Bank, a microfinance lender, on Saturday reported an 80% fall in net profit at Rs 103.03 crore on 25.5% rise in total income to Rs 3,787.91 crore in Q4FY21 over Q4FY20. Operating profit before provisions surged 13.73% year on year to Rs 1,729.47 crore in Q4 FY21. The banks Net Interest Income (NII) for the quarter grew by 4.6% year on year to Rs 1,757 crore in Q4 FY21 from Rs 1,680 crore in the corresponding quarter of the previous year. Net Interest Margin (annualised) for the quarte...

India’s leading housing financier HDFC on Friday reported a 42.43 per cent year-on-year growth in standalone net profit at Rs 3,179.83 for January-March quarter of FY21 (Q4FY21). This compares with profit of Rs 2,232.5 crore reported in the previous year period (Q4FY20). On a quarterly basis, the profit rose 8.6 per cent from Rs 2,925.8 crore reported in Q3FY21. HDFC’s Board also approved re-appointment of Keki M. Mistry as the managing director (MD) of the Corporation for a period of th...