Bank bosses cut loose in a war of words

Save articles for later Add articles to your saved list and come back to them any time. Now that all the major banks have reported their 2023 profits, the conventional notion that Australia’s big four lenders act as a herd is being challenged. Far from acting as an oligopoly, there […]

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‘Growth during the second half should be good’

‘With NPA under control, we should be able to post better profits.’ Shriram Finance Ltd, the largest retail NBFC in India, posted 14 per cent rise in consolidated net profit during the second quarter due to a rise in business volume and improved asset quality. Umesh Revankar, executive vice-chairman of […]

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‘We are confident our H2 will be better than H1’

‘Our Q1 was almost flat, and there was very negligible growth in Q2, but the deal pipeline and the order book have been fairly significant.’ Information-technology services firm LTIMindtree, performed well compared to its larger peers but it acknowledges macro headwinds. This was evident in the firm’s share price, which […]

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Societe Generale Q3 Profit Hit By French Retail Issues

French financial service provider Societe Generale S.A. reported Friday a sharp drop in its third-quarter profit amid weak revenues. According to the company, the net result was penalized by the negative effect of short-term hedges on net interest income in French retail, the impact of which peaked in the third […]

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