Page 14 - Resolution Framework News Today

Updated Feb 11, 2021 | 15:51 IST State Bank of India said that its home loan portfolio has crossed Rs 5 trillion in assets under management and that the Retail Housing Business Unit is the largest portfolio for the public sector bank. Dinesh Khara&nbsp Home loans will be a major focus for SBI going forward, said Chairman Dinesh Khara SBIs home loan interest rates start at 6.80% currently, second only to Kotak Mahindra Banks 6.75% offering Amid the lowest ever home loan i...

The public sector bank posted a net profit of Rs 506.03 crore in Q3 FY21 compared with net loss of Rs 492.28 crore in Q3 FY20. The banks total income grew by 45.9% to Rs 23,298.53 crore in Q3 FY21 as against Rs 15,967.49 crore in Q3 FY20. The result was announced after market hours on Friday, 5 February 2021. Net Interest Income (NII) for Q3 FY21 grew by 28% to Rs 8,313 crore in Q3 FY21 over Q3 FY20. Global Net interest margin improved to 3.09% in Q3 FY21 from 2.49% in Q3 FY20. The banks opera...

Read more about Indices at days high ahead of Union Budget on Business Standard. At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 436.58 points or 0.94% at 46,722.87. The Nifty 50 index surged 110.60 points or 0.81% at 13,745.45.

The private lenders net profit tanked 34.4% to Rs 852.76 crore and total income fell 1.4% at Rs 8,946.96 crore in Q3 December 2020 over Q3 December 2019.Profit before tax (PBT) dropped 34.22% to Rs 1,119.76 crore in Q3 FY21 as against Rs 1,702.19 crore in Q3 FY20. Tax expense declined 33.58% to Rs 267 crore in Q3 FY21 over Q3 FY20. The result was announced after market hours today, 29 January 2021. The private sector banks operating profit before provisions increased by 8.29% to Rs 2973.28 cror...

Net Interest Income (NII) for Q3FY21 increased 17% to ₹4,007 crore, said Kotak Mahindra Bank

Net interest income jumped by 17% to ₹ 4,007 crore

Kotak Mahindra Bank on Monday reported a 10.76 per cent increase in its consolidated net profit for the October-December quarter at Rs 2,601.67 crore.During the same quarter last fiscal, the bank had reported a net profit of Rs 2,348.72 ...

Mumbai (Maharashtra) [India], January 25 (ANI): Private sector lender Kotak Mahindra Bank on Monday reported 16 per cent jump in its profit after tax for Q3 FY21 to Rs 1,854 crore from Rs 1,596 crore in the same period of last fiscal year.

BW Businessworld Kotak Mahindra Bank Q3 Profit Rises 16 % To Rs 1,854 Cr Total income rose to Rs 8,124.92 crore during the quarter under review from Rs 8,077.03 crore in the year-ago period Photo Credit : Bloomberg Private sector lender Kotak Mahindra Bank on Monday reported a 16 per cent increase in standalone net profit at Rs 1,854 crore for the third quarter ended December, as bad loan situation improved. The bank had posted a profit of Rs 1,596 crore during the October-December period of th...

IL&FS Solar Power repays entire Rs 845 crore debt IL&FS Solar Power repays entire Rs 845 crore debt Debt-laden IL&FS on Thursday said its group company IL&FS Solar Power Ltd (ISPL) has paid its entire debt of around Rs 845 crore to all its creditors. This repayment supports the overall resolution process for IL&FS Group and will be a key intermediate step in the resolution of ISPL, an entity for which no bids were received pursuant to the publicly solicited bid process launched in November 20...