United Arab Bank Reports Financial Results For Six Months Ended 30Th June 2023 menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Chairing a meeting to review the performance of PSBs on various financial health parameters for FY23, the finance minister advised banks to ensure an increase in rural, agriculture and sectoral credit in order to meet PSL norms.
UAB posted a Net Profit of Dhs54.8 million for Q1 2023, compared to a net profit of Dhs30.4 million in Q1 2022 representing an increase of 80%. The growth in net profit is a result of improved Net Interest Income and lower provision charges.
Updated Mar 16, 2021 | 15:32 IST
Credit Suisse maintains outperformance on L&T Finance, raised target price to Rs 122 from Rs 76/sh Representational Image | Photo Credit: BCCL
Key Highlights
Strong momentum in rural and infra disbursements
High provision buffers to aid normalization of credit costs
L&T Finance in focus as Credit Suisse has come up with its brokerage note. It maintains an Outperformance stance, target price raised to Rs 122 from Rs 76 per share which implies 19% upside. Key factors contributing to this upside, Strong Momentum in disbursements followed by high provision buffers to aid normalization of credit cost and expects ROE to double in FY22E.