24th Jan 17 Kotak Mahindra Bank is likely to register a strong growth in net profit during third quarter of FY 17
Analysts at CNBC have forecasted a strong growth in net profit of Kotak Mahindra Bank during the third quarter of FY 17. As per the polls, the bank is likely to see an increase of 27 percent in its net profit to Rs. 808 crore on a year on year basis. Kotak Mahindra Bank is scheduled to announce its Q3 results on 25th January, 2017.
24th Jan 17 HDFC Bank may register a decent growth in its net profit even as its loan growth is expected to come down
Analysts at CNBC have forecasted an increase in net profit of HDFC Bank during the third quarter of FY 17. As per the polls, the bank is likely to see a growth of 12 percent in its net profit Rs. 3, 770 crore on a year on year basis. Analysts have, however opined that the bank is likely to see a slower growth in its loan book. HDFC Bank is scheduled to announce its Q3 results on 25th January, 2017.
24th Jan 17 PNB Housing Finance to invest Rs. 300 crore in a realty developer commercial project
PNB Housing Finance has entered into an agreement with the realty developer, Parinee Group to invest Rs. 300 crore in its commercial project. The funding is expected to be done in instalments with tenure of four years. The commercial project is an office complex being built in Andheri, western suburb of Mumbai.
24th Jan 17 Indian NBFCs raises Rs. 29, 000 crore via NCDs during FY 17
Indian NBFCs have raised a total funding of Rs. 29, 000 crore via non convertible debentures (NCDs) in the current fiscal year. Under the arrangement, DHFL raised funds worth Rs. 14, 000 crore through NCDs in the current financial year. The funds will be utilised for financing expansion plans, retiring debt, supporting working capital requirements and for other corporate investments. NCDs are loan linked bonds that are not convertible into stock and carry higher rate of interest than that of convertible debentures.
24th Jan 17 HDFC Bank to see a fall in its loan growth during third quarter of FY 17
Analysts at Bloomberg have forecasted a decline in loan growth of HDFC Bank during third quarter of FY 17. As per the reports, loan growth is likely to fall to 15.4 percent during the third quarter on a year on year basis. Retail loan disbursements and corporate loans are likely to suffer the most resulting in weak loan disbursements.
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