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HDFC Bank Q3 results: Net profit jumps to ₹8,758 crore; NII rises 15% Premium 2 min read Asset quality of the bank has seen improvement in the December quarter Share Via Read Full Story HDFC Bank on Saturday reported a 18.1% year-on-year increase in net profit of ₹8,758.3 crore for the quarter ended in December 2020. The profit in the year ago period was at ₹ ₹7,416.48 crore. The private lender s net interest income, the difference between interest earned and interest expended, grew 15.1% year-on-year to ₹16,317.6 crore during the quarter under review. NII was ₹14,172.9 crore in the corresponding period. NII was driven by advances growth of 15.6% and a core net interest margin for the quarter of 4.2%, the bank said. ....
America’s big banks girded for a wave of bad loans. They’re still waiting Premium Bankers warned that losses on credit cards, real-estate loans and other types of debts are still likely to rise when government relief programs eventually wear off, hitting their lowest-income customers in particular 4 min read David Benoit, , The Wall Street Journal Share Via Read Full Story America’s top bankers signaled the economic recovery has held up better than they expected and should continue in the new year, releasing some of the stockpiles of cash they had set aside for a wave of soured loans. ....
Boeing’s Other Big Problem: Fixing Its Space Program Premium FILE- In this Sept. 30, 202, file photo, a Boeing 737 Max jet, piloted by Federal Aviation Administration (FAA) chief Steve Dickson, prepares to land at Boeing Field following a test flight in Seattle. Boeing Co. reported more cancellations for its 737 Max jet, which this week is scheduled to carry paying passengers for the first time since the planes were grounded 21 months ago after two deadly crashes. The company said Tuesday, Dec. 8, 2020, that orders for 88 of the planes were canceled in November. (AP Photo/Elaine Thompson, File) (AP) . Updated: 16 Jan 2021, 02:26 PM IST The Wall Street Journal ....