HDFC reports 22% fall in net profit at Rs 2,233 cr during Q4, interest income up 17%; announces dividend of Rs 21 per share
HDFC said in a statement that 36% of home loans approved in volume terms and 18% in value terms in FY20 were to economically weaker section and low-income groups.
Bajaj Finserv Q4 profit tumbles 77% to Rs 194 cr as COVID-19 provisions rise; interest revenue up 58% at Rs 7,919 cr
Bajaj Finserv's total insurance business in the March quarter declined significantly by 22 percent to Rs 6,066 crore.
Kerala-based ESAF Small Finance Bank net soars 234% to Rs 90 cr on higher interest income, NPA management
Commenting on the results, K Paul Thomas, Managing Director and CEO of ESAF Small Finance Bank (ESAF SFB), said the highly encouraging results showed the growing confidence in the bank.
The asset quality of the bank strengthened with the gross non-performing assets (NPAs) falling to 1.38 percent of gross advances as on March 2019 from 1.40 per cent in the year-ago period.
Axis Bank third quarter net profit jumps over two-fold to Rs 1,681cr; witnesses healthy loan growth during Q3
The bank had posted a net profit of Rs 726.44 crore in the corresponding period of the previous fiscal.