System-wide loan moratorium down to 25% due to resumption in business activities: Acuité Ratings

MUMBAI: Financial system loans under moratorium fell to 25% for the June-July period due to resumption in business activities, research by Acuité Ratings shows. In the second phase the moratorium … Read More

Manappuram Finance Q1 results: Net profit jumps 38% to Rs 368 cr as gold loan portfolio grows

NEW DELHI: Manappuram Finance Ltd on Wednesday posted nearly 38 per cent jump in its consolidated net profit at Rs 367.97 crore in the first quarter ended June of the … Read More

Entities taking undue advantage: HDFC chief Deepak Parekh urges RBI to not extend loan moratorium

Image Source : PTI HDFC chief Deepak Parekh urges RBI Governor to not extend loan moratorium As the six-month extended moratorium on repayment of loan comes to an end on … Read More

CDEL probe blames Siddhartha’s poor biz model, his pvt firm MACEL owns Rs 2,700 cr to Coffee Day

(File photo) BENGALURU: The probe into the financial troubles of Coffee Day Enterprises (CDEL), which runs the Cafe Coffee Day chain, has laid the blame on late promoter VG Siddhartha’s … Read More

Bajaj Finance: Bajaj Finance PAT a marginal miss, consolidated revenue better than estimates: Geojit

Managing the cost of borrowing and rationalising the expenses could improve Bajaj Finance profitability over a longer period of time, says Gaurang Shah, Head Investment Strategist. Bajaj Finance PAT is … Read More