Paisalo Digital gained attention after promoter Equilibrated Venture Cflow raised its stake to 18.17% by acquiring 45 lakh shares. Despite underperforming with a 37% yearly decline, the NBFC reported Q1 profit of Rs 47 crore, strong AUM of Rs 5,203 crore, and remains supported by LIC’s holding.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.