Latest news with #provisions
Reuters
2 days ago
- Business
- Reuters
India's IndusInd Bank posts quarterly profit drop
BENGALURU, July 28 (Reuters) - India's IndusInd Bank ( opens new tab reported a drop in first quarter profit on Monday, hurt by decline in loans and rise in provisions for potential bad loans. The country's fifth largest private lender by assets said its profit fell 68% to 6.84 billion rupees ($78.93 million) for the quarter ended June 30. In the previous quarter, IndusInd had reported its biggest-ever quarterly loss, as it took a $230 million hit to its accounts in the year ended March 31 due to years of misaccounting of internal derivative trades. ($1 = 86.6600 Indian rupees)
Bloomberg
07-05-2025
- Business
- Bloomberg
UOB Halts 2025 Guidance Amid Uncertainty; Profit Growth Stalls
United Overseas Bank Ltd. withheld its 2025 guidance amid economic uncertainties as the Singapore lender delivered first-quarter profit that was marked by a rise in provisions. Net profit was unchanged at S$1.49 billion ($1.2 billion) for the three-month period ended March 31 compared to a year ago, the lender said in a statement on Wednesday.
