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Source: Live Mint Shares of Indian Renewable Energy Development Agency Ltd (Ireda) rose almost 4% after reporting a 49% growth in net profit in Q4 of FY25, thanks to strong credit offtake and improved interest margins. With the cut in the benchmark repo rate by 50 basis points to 6% over the past two monetary…
Source: Live Mint The gross non-performing assets (GNPAs) pertaining to gold loans in scheduled commercial banks (SCBs) and Upper and Middle-Layer non-banking financial companies (NBFCs) have increased by 18.14% from March 2024 to June 2024, according to a reply filed by the Ministry of Finance Read Full Article
Source: Business Standard PNB, Punjab National Bank (Photo: Shutterstock) 5 min read Last Updated : Sep 25 2024 | 1:11 PM IST Punjab National Bank (PNB) shares hit a nearly eight month low of Rs 103.65, after falling 4 per cent on the BSE in Wednesday’s intra-day trade amid heavy volumes. In two days, the…
Source: Business Standard 2 min read Last Updated : Sep 17 2024 | 6:37 PM IST Phoenix ARC has received expressions of interest (EoIs) from 8-9 asset reconstruction companies (ARCs) to acquire its Rs 3,550 crore of retail non-performing assets (NPAs), comprising secured and unsecured portfolios as a single lot, that were put up…
