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Punjab & Sind Bank shares jump nearly 7% on Q4 profit PTI New Delhi | Updated on May 24, 2021 In Q4FY21, the state-run bank turned in a profit following eight consecutive quarters of losses Shares of Punjab & Sind Bank on Monday jumped nearly 7 per cent as the company turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses. The stock rallied 6.60 per cent to ₹21.80 on the BSE. On the NSE, it jumped 6 per cent to ₹21.80. The state-run bank turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses, posting a profit after tax of ₹161 crore on the back of improvement in recoveries and decline in bad loans. ....
Share this article Share this article TAMPA, Fla., April 23, 2021 /PRNewswire/ CIC Credit, a Florida Corporation, has partnered with Talk uments a leader in LEP solutions. Talk uments is a digital tutorial that takes a loan applicant step by step through their specific loan, costs, process, and disclosures. As the first fintech of its kind, Talk uments provides an automated way to provide transactional clarity to the mortgage loan process. The key is how simple the process is for the borrower to show their level of understanding of their specific loan. We Complete the Digital Loan Experience CIC Credit Logo The concept of a digital loan transaction revolves around ease of use, transparency, and a more meaningful experience. Millennials, Gen X and Baby Boomers have adopted the digital world. Talkuments gives consumers what surveys say they want: interactive loan information. Talkuments strengthens confidence in the consumer s choice of lender, leading to mor ....
What Every Homebuyer Should Expect When Closing on a Home Plan for fees (and delays, too). By Brittany Anas Mar 12, 2021 Closing on a home seems like it should be an easy process, right? Sign some papers, get the keys to your new place, saber the champagne. But a lot of, let s say, plot twists can pop up during those weeks between your offer being accepted and your loan closing. From unforeseen issues that can delay closing to hefty costs, closing on a home requires some fortitude (and, yes, a small fortune, too). To help demystify the closing process, mortgage and real estate professionals shared their expertise with ....
S&P affirms Indian Bank s BBB-minus/A-3 ratings with negative outlook ANI | Updated: Dec 24, 2020 12:01 IST Singapore, December 24 (ANI): S&P Global Ratings has affirmed BBB-minus long-term and A-3 short-term issuer credit ratings on Indian Bank, and said the outlook on long-term rating is negative. We affirmed the ratings because we expect Indian Bank to be able to absorb a moderate deterioration in its asset quality over the next 12 months and benefit from faster-than-expected economic recovery in India, said S&P. Indian Bank s performance following its merger with Allahabad Bank has been better than we expected. However, non-performing loans (NPLs) in India s banking sector could rise to 10 to 11 per cent by end-March 2022 (fiscal 2022) from about 8 per cent as of June 30, 2020. An additional 3 to 8 per cent of loans could get restructured. ....