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MBH Mortgage Bank Co. Plc Sees Record Profits and Loan Portfolio Growth

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MBH Mortgage Bank Co. Plc reports impressive profits and loan growth in H1 2023. Achieved three times the profit of last year and 151.5% growth.

HDFC Bank Loans Surge to Rs 22.5L Cr After 2023 Merger

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HDFC Bank's merger with HDFC drives significant loan portfolio growth, showcasing strong market presence and commitment to customer-centric innovation.

Nod Given to First Loss Default Guarantee to Boost Lending for Fintechs

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Digital lenders can offer more loans thanks to the Reserve Bank of India allowing them to take the first loss default guarantee. However, the guarantee has a 5% cap and must be invoked within 120 days of a loan being due. Entities regulated by the central bank are responsible for recognizing and provisioning the assets, with no set-off against individual loans.

Kerala Financial Corporation Achieves Record Net Profit

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Kerala Financial Corporation (KFC) announces record net profit of ₹50.19 crore for 2022-23, a significant growth from last year's ₹13.20 crore. With a loan portfolio of ₹6,529.40 crore and growth of 37.44%, KFC has crossed ₹5,000 crore loan portfolio in a financial year for the first time. The achievement shows a promising sign of Kerala's economic recovery post-COVID-19. The KFC's financial management expertise promises a brighter future for Kerala's financial economy.

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MBH Mortgage Bank Co. Plc Sees Record Profits and Loan Portfolio Growth

Equity Market 0
MBH Mortgage Bank Co. Plc reports impressive profits and loan growth in H1 2023. Achieved three times the profit of last year and 151.5% growth.

Nod Given to First Loss Default Guarantee to Boost Lending for Fintechs

Business 0
Digital lenders can offer more loans thanks to the Reserve Bank of India allowing them to take the first loss default guarantee. However, the guarantee has a 5% cap and must be invoked within 120 days of a loan being due. Entities regulated by the central bank are responsible for recognizing and provisioning the assets, with no set-off against individual loans.

Kerala Financial Corporation Achieves Record Net Profit

Business 0
Kerala Financial Corporation (KFC) announces record net profit of ₹50.19 crore for 2022-23, a significant growth from last year's ₹13.20 crore. With a loan portfolio of ₹6,529.40 crore and growth of 37.44%, KFC has crossed ₹5,000 crore loan portfolio in a financial year for the first time. The achievement shows a promising sign of Kerala's economic recovery post-COVID-19. The KFC's financial management expertise promises a brighter future for Kerala's financial economy.

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