Sumant Kathpalia, MD & CEO of IndusInd Bank, emphasizes balance sheet stability over growth amid disappointing quarterly results. The bank has made contingency provisions for its microfinance sector due to emerging stress. Kathpalia assures shareholders of the bank’s solid foundation, aiming for cautious optimism and steady growth in the face of cyclical challenges.
Shriram Finance Q2 Results: Net profit jumps 18% to Rs 2,071 crore; Rs 22 per share dividend declared
Shriram Finance Q2 Results: Shriram Finance on Friday reported a profit after tax (PAT) growth of 18.3% at Rs 2,071.26 crores as against Rs 1,750.84