Bandhan Bank's loan claims under guarantee schemes face audit
The Kolkata-based bank has clarified in an exchange filing that the regulator has not initiated a broader audit.
Source: thestatesman.com
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Q2 Earnings review: The worst performing private bank stock of October has a bad loans hangover
Despite a 244% jump in Q2 net profit, Bandhan Bank emerged as the worst performing private bank stock last month, weighed down by persisting asset quality concerns.
Source: moneycontrol.com
Q2FY24 earnings: Bandhan Bank sees 3X rise in net profit; but brokerages raise concerns on asset quality
GNPA for Q2FY24 grew by 14.8 percent to Rs 7,874 for the same period in the last fiscal. Net NPA also grew to Rs 2,366 crore, against Rs 1,679 crore in the previous fiscal.
Source: moneycontrol.com
Lendingkart plans IPO in 18-24 months
Founded in 2014 by ex-banker Lunia and ex-ISRO scientist Mukul Sachan, Lendingkart has two arms—Lendingkart Finance Ltd and Lendingkart Technologies Pvt Ltd.
Source: livemint.com
Micro unit apartments to go up at old Statey site in Portsmouth: Here's what to expect
The new four-story building on Deer Street will have micro units on the second, third and penthouse levels, and retail space on the ground floor.
Source: yahoo.com