Content creators mean business
Social media influencers are flipping the rules by first getting followers and then launching products and ...
Shares of Federal Bank Ltd fell as much as 7.5 per cent to Rs 104.80, posting the biggest intraday percentage drop since November 2016. The shares plunged as the third-quarter net profit missed analysts' estimates by a small margin.
Federal Bank posted a 26.43 per cent growth in net profit in the third quarter at Rs 260.01 crore compared to the corresponding period of the previous fiscal. Operating profit increased by 18 per cent to reach Rs 561.40 crore as on December 31.
Gross bad loans as a percentage of total loans stood at 2.52 per cent at end-December vs. 2.39 per cent at end-September. Slippages increased sequentially, driven by higher non-performing loans (NPLs) in corporate and retail (education loans) segment, according to Morgan Stanley.
The bank has indicated slippages around current levels and likely increase in credit cost during Q4 owing to higher provisioning on security receipts, it says.
“Management doesn't expect any large one-offs but we think overall NPL formation may not come down quickly,” Jefferies analysts say.
Up to Monday's close, the stock had risen 56.6 per cent in 12 months compared with a 38.2 per cent increase in the Nifty private bank index.
Social media influencers are flipping the rules by first getting followers and then launching products and ...
Paneer, once alien to the South, has found a lucrative market in Chennai
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Carriers claim that all measures — including pre-flight tests, cabin sanitisation and fresh air inflow — have ...
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
High valuation, intensely competitive landscape and small cap nature of the stock are key risks.
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
A virus swept aside 2020 plans to mark the 250th year of the birth of Beethoven. We need the German composer’s ...
Former MLA and farmer leader VM Singh on the violence that followed the January 26 tractor rally, the impasse ...
A mysterious new exhibit has been the centre of attraction at the gallery of Modern Art. This art work has ...
Tara was a curious little girl who loved to ask questions.She lived with her parents and her grandmother — ...
Social media influencers are flipping the rules by first getting followers and then launching products and ...
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Paneer, once alien to the South, has found a lucrative market in Chennai
The Flipkart kids playing adults are back — this time to push the home grown e-commerce marketplace’s grocery ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor