Much of the slippages during the quarter have come in the corporate and SME loan accounts, says Shyam Srinivasan, MD CEO of Federal Bank
Posts tagged MC
Aim to grow loan book by 15% this year: Federal Bank (21-10-2015)
Poor Q2 numbers drag Federal Bank, stock hits 52-week low (21-10-2015)
The company’s gross NPA was up at 2.9 percent versus 2.59 percent and net NPA also increased to 1.33 percent versus 0.98 percent, Q-o-Q.
Oil prices down after report shows surge in US crude stocks (21-10-2015)
US crude for December delivery dropped 24 cents at USD 46.05 a barrel after settling up one cent at USD 46.29. The November contract, which expired on Tuesday, finished down 34 cents at USD 45.55 per barrel.
Risk-on rally to continue; Nifty to trade in range: ILFS (21-10-2015)
The 9-10 percent rally seen in our market was due to a risk-on trade in emerging markets led by the status-quo decision of the US Federal Reserve, says Vibhav Kapoor of ILandFS.
Japan’s export growth in sharp September slowdown (21-10-2015)
Ministry of Finance data showed exports rose just 0.6 percent in the year to September, against a 3.4 percent gain expected by economists in a Reuters poll.
Vedanta fin performance to remain weak for 12-18 mths: SP (21-10-2015)
SP Ratings Services also lowered foreign currency long-term corporate credit rating on Vedanta Resources PLC to ‘B+’ from ‘BB-‘. “The outlook is negative.
Yahoo cuts Q4 guidance after earnings miss (21-10-2015)
The Internet firm reported third-quarter earnings of 15 cents per share on USD 1.23 billion in revenue. Analysts expected Yahoo to post earnings of 17 cents per share on gross revenue of USD 1.26 billion, according to Thomson Reuters estimates.
Is ECB President Mario Draghi set to launch QE2? (21-10-2015)
Draghi has already dropped hints that the central bank’s quantitative easing (QE) program will be extended beyond its September 2016 putative deadline, sparking speculation among economists as to if and when the move might be announced.
Sensex, Nifty open flat; Hero gains 2%, Vedanta down (21-10-2015)
Hero is up 2 percent after its better-than-expected September quarter results. HDFC Bank, Bharti Airtel, Wipro and Hindalco are top gainers. On the losing side are Vedanta, Dr Reddy’s LAbs, Tata Motors and Maruti.
Nifty can fall at opening bell: Maximus Securities (21-10-2015)
Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could loose 2 points at the opening bell, says Maximus Securities.