Stay updated with breaking news from Finance Ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Shriram Finance Ltd, the flagship company of diversified conglomerate Shriram Group, on Thursday reported a 26.6 per cent jump in its consolidated net profits for the April-June 2023 quarter at Rs 1712.19 crore, the company said. The company registered a consolidated net profit at Rs 1,351.62 crore during the corresponding quarter of last year. For […]
Total revenue from operations grows nearly 35% on year to Rs 12,498 crore. The number of new loans booked during the quarter grew by a sharp 34% on year to 9.94 million, and were the highest ever in a quarter.
The stock today jumped 7.11 per cent to hit a 52-week high of Rs 696 over its previous close of Rs 649.80.
PNB Housing Finance Ltd reported a 47.8% YoY rise in Q1FY24 net profit to ₹347.32 crore. The company's share price opened at ₹649.85 on BSE.
A successful fintech loans platform draws upon what the Bank for International Settlements calls a self-reinforcing “DNA loop,” shorthand for data, network and activity. The digital trail people leave behind on e-commerce or social media sites can be used to bind them into a strong network, which can be harnessed to encourage borrowing activity, leading to yet more data on consumer behavior.