UBS’s Jonathan Mott says one third of those who took out a mortgage in the past 12 months were not ‘completely factual’ with their financial information A UBS banking analyst says ‘one quarter to one third of the mortgages on Australian banks’ books are based on factually inaccurate applications’. Photograph: […]
IndusInd Bank Q1 profit rises 26% to Rs.661.38 crore on higher income
Provisions and contingencies jumped 7.87% to Rs.230.47 crore in the quarter from Rs.213.66 crore in the preceding quarter. Photo: Mint Mumbai: IndusInd Bank Ltd on Monday reported a 26% increase in its June quarter net profit on higher interest on loans, fees, and commissions. Net profit in the fiscal first […]
Cox & Kings Posts income of Rs 107 Crore in Q3
New Delhi: excursions and tour firm Cox & Kings on Friday reported a consolidated internet profit of Rs 106.71 crore for the region ended December. The business enterprise had posted a net loss of Rs thirteen.94 crore for the corresponding length a 12 months ago, it said in a filing […]
Why HDFC shares Are below stress put up Q2 income
HDFC shares extended losses on Tuesday as its September region earnings failed to impress traders. The mortgage lender, which closed 2 in keeping with cent lower the day gone by, traded 3 in line withcent down at the lowest of the Nifty-50 index these days. HDFC’s Q2 profit (Rs 1,605 […]
Merger pangs for Kotak Mahindra bank, income still up 15.5%
whilst the rate it had paid for ING Vysya looked a steal, the deterioration in working situations for the banking enterprise has dented Kotak Mahindra financial institution’s financials as nicely. photo: Pradeep Gaur/Mint As Kotak Mahindra bank Ltd keeps to digest its merger with ING Vysya bank, investors have marked […]