Page 56 - Interest Margin News Today

Equity indices traded in a range with small gains in mid morning trade. The Nifty hovered at 14,550 level. Pharma, PSU banks and metal stocks were in demand while FMCG and auto shares were under pressure. At 11:27 IST, the barometer index, the S&P BSE Sensex, was up 174.16 points or 0.36% at 48,427.33. The Nifty 50 index was up 51.85 points or 0.36% at 14,548.35. In broader market, the S&P BSE Mid-Cap index was up 0.29% while the S&P BSE Small-Cap index was gained 0.46%. The market breadth, in...

Benchmark indices ended a volatile session with strong gains on Wednesday after the Reserve Bank of India announced measures to tackle the rising second wave of COVID-19 pandemic. The Nifty managed to close above the 14,600 mark. Barring the Nifty Realty index, all sectoral indices on the NSE ended in the green. As per the provisional closing data, the S&P BSE Sensex, rallied 424.04 points or 0.88% to 48,677.82. The Nifty 50 index gained 121.35 points or 0.84% to 14,617.40. In the broader mark...

RBL Bank reported 34.1% drop in net profit to Rs 75.34 crore on 3.6% decline in total income to Rs 2610.83 crore in Q4 FY21 over Q4 FY20. Net Interest Income (NII) declined by 11% to Rs 906 crore in Q4 FY21 over Q4 FY20. Net Interest Margin (NIM) was at 4.17% as on 31 March 2021 as against 4.93% as on 31 March 2020. Cost to income was 45% in Q4 FY21 as against 50.6% in Q4FY20. The banks operating profit grew 17% to Rs 877 crore in Q4 March 2021 from Rs 752 crore in Q4 March 2020. Provisions ...

BUSINESS HIGHLIGHTS Sequential quarterly Commercial Portfolio growth continues the trend that started last year, up 3% QoQ to reach $5.7 billion, driven by higher loan origination (+5% QoQ), with a continued focus on defensive sectors and stricter credit underwriting standards. During 1Q21, Bladex continues to collect virtually all loan maturities (close to 100% since the onset of Covid-19), evidencing the high quality of the Banks borrower base and short-term nature of its business. As of Ma...

Pan Asia Bank Records Best-Ever Q1 results in Challenging Times – Profit After Tax soars by 81% to post Rs. 750 Mn. May, 4, 2021 Net Fee and Commission Income - Rs. 466 Mn, up by 28% Other Operating Income - Rs. 179 Mn, up by 141% Operating Profits up by 47% to post Rs. 1,197 Mn owing to overall excellent core banking performance and success of cost containment strategies Operating Efficiency enhances as Cost-to-Income Ratio improves from 45.66% to 38.08% Profit Before Tax - 986 Mn, up by 51%...

Kotak Mahindra Banks Q4 net profit grows 33% ​ By IANS | ​ 2 Views Kotak Mahindra Bank.. Image Source: IANS News Mumbai, May 3 : Kotak Mahindra Bank on Monday reported a 32.8 per cent increase in its standalone net profit for the January-March quarter on a year-on-year (YoY) basis at Rs 1,682.37 crore. During the same period of FY20, the bank had reported a standalone net profit of Rs 1,266.60 crore. Net Interest Income (NII) for Q4FY21 increased to Rs 3,843 crore, from Rs 3,560 crore in ...

IndusInd Bank rose 2.79% to Rs 961 after the bank reported 190.2% jump in net profit to Rs 875.95 crore in Q4 FY21 from Rs 301.84 crore in Q4 FY20. Total income during the quarter increased by 0.4% year-on-year (YoY) to Rs 9199.48 crore. Operating profit before provisions and contingencies in the fourth quarter was at Rs 3061.53 crore, up by 7.9% from Rs 2836.17 crore reported in the same period last year. Provisions and contingencies declined by 23.5% to Rs 1865.69 crore in Q4 FY21 over Q4 FY...

Total income during the quarter increased by 0.5% year-on-year (YoY) to Rs 6,962.59 crore. Net Interest Income (NII) jumped 37.5% to Rs 3240 crore in Q4 FY21 from Rs 2356 crore in Q4 FY20. Net Interest Margin (NIM) improved 134 bps to 5.14% as on 31 March 2021 as compared to 3.80% as on 31 March 2020. Operating Profit was at Rs 2879 crore in the fourth quarter, up by 53.6% from Rs 1874 crore reported in the same period last year. Provisions & Contingencies increased by 55.1% to Rs 2457 crore...

Amidst a volatile session on F&O expiry, the Indian equity markets managed to end with marginal gains on Thursday, April 29, 2021. Get more Markets News and Business News on Zee Business.

Carter Bankshares, Inc. Announces First Quarter 2021 Financial Results MARTINSVILLE, VA / ACCESSWIRE / April 29, 2021 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE) today announced net income of $9.4 million, or $0.36 diluted earnings per share, for the first quarter of 2021 compared to net income of $2.9 million, or $0.11 diluted earnings per share, in the fourth quarter of 2020 and net income of $4.4 million, or $0.17 diluted earnings per share, for the first quarter of 2020. Pre-tax...