HDFC Q4 profit rises 16% on strong loan, NII growth : Rashtra News #HDFC #profit #rises #strong #loan #NII #growth Housing Development Finance Corporation (HDFC) on Monday reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of a strong growth in loans and
Assets under management (AUM) grew 35% to ₹3.10 lakh crore during the quarter from ₹2.30 lakh crore a year ago led by a strong growth in two- and three-wheeler finance, urban loans and SME lending.
Shares of New Swan Multitech listed with a premium of 90% on the BSE SME platform. The stock debuted at Rs 125.4, compared with an offer price of Rs 66. The company's shares commanded a GMP of Rs 56 in the unlisted market. The IPO was entirely a fresh equity issue of 50.16 and through the issue, the company plans to raise Rs 33.11 crore.
"With the upcoming festivities, we are already seeing a surge in demand, which augurs well for business," said Amitabh Chaudhry, managing director, Axis Bank. "We are looking at steady growth for all major business verticals of the bank."
“I would not like to answer in the short term what the growth rates will be. I can only say that good, healthy growth rates will continue. We have good plans for that. At the same time, credit cost will continue to improve and that will work on profitability and ROAs positively.”
Central Bank of India Q2 results: Fuelled by strong growth of NII, Central Bank of India registered a record 90% rise in its net profit to ₹605 crore in September quarter of current financial year