Mumbai, April 29 (IANS) Fino Payments Bank Limited on Wednesday reported a sharp decline in profitability for the March quarter, with net profit falling 70.4 per cent year-on-year to Rs 7.1 crore from Rs 24 crore in the same period previous financial year (Q4 FY25).Despite the drop in earnings, the bank showed resilience in core operating metrics. Net interest income (NII) rose 31.5 per cent to Rs 35.2 crore during the quarter, compared to Rs 26.8 crore a year ago, as per its regulatory filing.T…
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Mumbai, Feb 26 (IANS) Multinational brokerage Bank of America Securities (BofA) downgraded the rating on IDFC First Bank Ltd. to ‘Neutral’ and cut its 12‑month target price to Rs 75 from Rs 95, citing near‑term headwinds after the bank was de‑empanelled by the Haryana government following a fraud incident.The brokerage predicted a 13 to 14 per cent cut to the bank’s EPS estimates which prompted a downgrade from its earlier ‘Buy’ rating.The bank has seen nearly Rs 200 crore of deposit outfl…