asset quality

Indias Kotak Mahindra Financial institution slumps as earnings spark asset high quality issues

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[ad_1] (Reuters) -Shares of India’s Kotak Mahindra Financial institution had been on observe for his or her worst day in additional than a yr on Monday, as a quarterly earnings miss sparked issues of worsening asset high quality. The inventory fell 6.4% to 1,988.60 rupees, the bottom since mid-March and was the worst performer on … Read more

Union Financial institution of India logs 12 laptop rise in internet revenue to ₹4,116 cr in Q1

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[ad_1] New Delhi, Jul 19 (PTI) State-owned Union Financial institution of India on Saturday reported a 12 per cent rise in internet revenue to ₹4,116 crore through the first quarter of this monetary yr. The Mumbai-based lender had earned a internet revenue of ₹3,679 crore in the identical quarter of the earlier fiscal yr. The … Read more