Page 2 - Financials

RattanIndia Power loss widens to Rs 464 crore in September quarter

The company on Wednesday reported widening of consolidated net loss

Collection efficiency of NBFCs retail pool down by 10-35% in May vs March

The collections for SME loan pools and commercial vehicle loan pools also fell significantly by around 20 per cent from the peak achieved in March 2021: Icra

JSW Energy posts 27% decline in profit to Rs 795 cr, income slides 16%

The company attributed the slip in profit to the Covid-19 pandemic and the decline of merchant power sales

Accenture raises business outlook for CY21; Q3 revenue beats estimate

Accenture reported revenue of $13.3 billion, up 21 per cent YoY, and 9.9 per cent sequentially

Videocon Industries financial creditors to get 8% stake in merged entity

The financial creditors of the debt-ridden Videocon Industries will get 8 per cent equity in the entity created by the merger of 11 group companies with the firm as per the resolution plan

Lagging behind: Brokerage firm CLSA flags 'odd' Indian financials trend

The Nifty Financial Services index is up 8.1 per cent on a year-to-date basis. In comparison, the Nifty50 index has gained 9.7 per cent

'Markets conditions are optimal for an investor with a buy & hold approach'

There are opportunities for contrarian investing in commodity producers, corporate banks, select mid corporates and small enterprises

Financial stocks cornered over half of $3.56 billion FPI flows in Feb

Sector now has 34.8% of FPI assets, up from 33.8% in Jan; flows drove banking index to all-time high

Budget 2021 boosts financials; ICICI, IndusInd, IDBI Bank jump over 10%

Finance Minster made various announcements including increase in FDI limit in the insurance sector, recapitalisation and privatisation of select PSU banks

Fintechs may pose a challenge to banking sector over the next few years

The formal and informal fintechs will pose a significant challenge to the mainstream banking sector over the next few years

Ujjivan Small Fin, IDFC First: Financials rally on RBI's ownership proposal

Equitas Holdings and IDFC were locked in the 20 per cent upper circuit at Rs 63.40 and Rs 40.10, respectively on the BSE

'Banking sector a good long-term bet despite expensive valuation'

The market expects a strong bounce in earnings growth in FY22 with a growth of more than 30 per cent on a YoY basis.

Financials under pressure ahead of SC verdict on interest waiver plea

Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services indexes were down in the range of 3 per cent to 4 per cent

Covid-19 crisis: Wipro sees short-term impact on gross profit margin

In a filing with the US Securities and Exchange Commission, the Bengaluru-headquartered firm, however, said that the impact couldn't be accurately predicted as the pandemic is yet to recede.

Financial shares rally on stimulus package hope; IndusInd Bank soars 40%

IndusInd Bank snapped its eight-day losing streak and surged 40% to Rs 421.8, its biggest-ever one-day gain on the NSE

Financials: Make or break sector

But, bank NPAs are alarming and NBFCs are a play on pick-up in household consumption

Financial shares under pressure; Bharat Financial hits eight-month low

Bharat Financial, Ujjivan Financial, Manappuram Finance, L&T Finance and M&M Financial were down 3% to 8%.

Sensex down 300 points; Nifty above 7,800

Bank shares were the top losers after rise in consumer price inflation dashed hopes of a rate cut by the Reserve Bank of India.