Axis Bank Q1 results: Net profit rises 94% YoY, misses estimate; NII rises 11%
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Axis Bank reported a 11 per cent on-year growth in net interest income to Rs. 7,760 crore in the reported quarter, which was also below Street’s estimate.
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Punjab and Sind Bank, frustrated by the delay in resolving KSK Mahanadi Power's corporate insolvency, plans to sell its debt to asset reconstruction companies (ARCs). The bank has invited offers from ARCs for its loans to KSK Mahanadi Power and KSK Water Infrastructure. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zNAIE1p via IFTTT
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To support the businesses affected by the second wave of COVID-19, the Finance Ministry on Sunday enhanced the scope of ECLGS, including providing concessional loans to hospitals/nursing homes for setting up on-site oxygen generation plants. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3i3bpi9 via IFTTT
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