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Gold Loan News - Oct 2021
  • 2021-10-25 : Yes Bank Q2 Net Profit Up By 74 Percent
    Yes Bank has posted a growth in net profit of 74.3 percent to Rs 225 crore in the Q2 (FY2022) ended September 2021. There was an uptick in non-interest income and a dip in provisions due to lower slippages. The bank had posted a net profit of Rs 129 crore for Q2 in FY2021.
  • 2021-10-22 : IDBI Bank Net Profit Jumps To 75 percent
    IDBI Bank reported a 75 percent year-on-year (y-o-y) jump in net profit to Rs 567 crore for the quarter ended September. This is a result driven by a reduction in employee costs and an improvement in net interest income (NII). The bank’s NII, or the difference between interest earned and interest expended, rose 9.45 percent y-o-y to Rs 1,854 crore.
  • 2021-10-22 : South Indian Bank Ltd Posts Loss in Q2 FY2021-22
    For the quarter ended September 30, 2021, the total income of the bank was ₹ 1746.03 crores as against ₹2115.71 crores in the corresponding quarter of the previous year and ₹2081.73 crores in the previous quarter. As a result, the bank has reported a loss of Rs. 187.06 crore for Q2 of FY 2021-22.
  • 2021-10-22 : Bank of Maharashtra Q2 Profit Jumps To 103 percent
    Bank of Maharashtra posted a 102.71 percent Y-o-Y rise in its net profit to Rs 264 crore for the September quarter (Q2). The net interest margin improved to 3.27 percent on a Y-o-Y basis against 2.3% in the comparable quarter last year. Net interest income increased by 33.84 percent to Rs 1,500 crore, compared with Rs 1,120 crore during Q2FY21.
  • 2021-10-20 : IndusInd Bank Cut Gold Loan Rates
    IndusInd Bank has decreased gold loan rates from 11.50% to 10%. The bank charges a processing fee of upto 1% of the loan amount.
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