Bharat Financial Inclusion Ltd. News and Updates

Name: Latest research reports of Bharat Financial Inclusion Ltd. authored by Centrum Broking and published by - Trendlyne research reports.
Item: Bharat Financial Inclusion Ltd.
Rating: 3
Author: Centrum Broking

Keep track of all breaking news on Bharat Financial Inclusion Ltd. from all sources in a single place.

Bharat Financial Inclusion Ltd.

28 Jun 2023

ED attaches Maharashtra-based steel company's assets worth over Rs 517 cr

Business Standard

The Enforcement Directorate (ED) on Wednesday said it has attached a Maharashtra-based steel company's assets worth more than Rs 517 crore under the anti-money laundering law in connection with an alleged bank loan fraud of over Rs 895 crore. The assets, including land, building and machinery, belong to SKS Ispat and Power Limited, the ED said in a statement. A provisional order for attaching these assets has been issued under the Prevention of Money Laundering Act (PMLA) and their total value is Rs 517.81 crore. The investigation pertains to a money laundering case based on a Central Bureau of Investigation (CBI) FIR against Tiruchirappalli-based boiler manufacturing company Cethar Limited that "availed" credit facilities of Rs 895.45 crore from a consortium of lenders led by the Indian Bank, SAM branch in Madurai. The ED said accounts of Cethar Limited turned NPA (non-performing asset) on December 31, 2012 and subsequently proceedings under the Insolvency and Bankruptcy Code (IBC

ED attaches assets worth 517.81 cr of SKS Ispat & Power

Business Line | 28 Jun 2023

Bharat Financial Inclusion Ltd.

04 Jan 2023

Adani and Reliance's bid for SKS Power opens up a new battle

Business Today

The interest in thermal power is different for both, and industry trackers think thermal will be the pathway to renewable energy.

Bharat Financial Inclusion Ltd.

16 Feb 2022

SKS Standalone December 2021 Net Sales at Rs 3.79 crore, down 79.65% Y-o-Y

Moneycontrol

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Bharat Financial Inclusion Ltd.

29 Nov 2021

Bharat Financial top management resignations: Board defers relieving them till completion of review, says IndusInd Bank

Business Line

The microfinance company is reviewing the disbursal of loans without customer consent due to a technical glitch.

Bharat Financial Inclusion Ltd.

23 Nov 2021

2 top Bharat Financial execs can't be relieved till review ends: IndusInd

Business Standard

Bharat Financial Inclusion Limited (BFIL) is a wholly owned subsidiary of IndusInd Bank

Bharat Financial Inclusion Ltd.

23 Apr 2019

Bharat Financial-IndusInd merger in 2-4 weeks

Economic Times

Post-merger, microfinance firm Bharat Financial will become a subsidiary of the private lender.

Bharat Financial Inclusion Ltd.

10 Nov 2018

Shareholders of Bharat Financial will meet over merger with IndusInd Bank next month

Business Line

Bharat Financial Inclusion Ltd (BFIL) on Saturday said its shareholders' meeting will be held on December 11 to approve merger of the microfinance co

Bharat Financial Inclusion Ltd.

30 Aug 2018

Bharat Financial Inclusion (1,140.2): Sell

Business Line

Investors with a short-term perspective can consider selling the stock of Bharat Financial Inclusion at current levels. Following a medium-term uptren

Bharat Financial Inclusion (1,140.2): Sell

Business Line | 30 Aug 2018

Bharat Financial Inclusion Ltd.

10 Aug 2018

Bharat Fin

Hold: Bharat Financial Inclusion...

Target

Centrum Broking

Bharat Financial Inclusion Ltd (BFIL), for Q1FY19, continued to report good set of numbers with the non-AP loan book growing 43.7% YoY to 13,832 crore as on 30 Jun'18, the fastest growth post-demonetisation. Net interest income and preprovisioning profit grew by 70% and 56%, respectively. With a 207bps YoY decline in cost-income ratio (CI%) and lower credit cost, the net profit grew at a robust pace of 196% (2.9x) to 142 crore. Asset quality remained healthy with the gross NPAs at 0.3% and net NPAs at 0.1%, as on 30 Jun'18. Recommendation: Since our last update (Hold: Q4FY18 @ 1,145 on 27 Apr'18), the stock of BFIL achieved our then target price of 1,240 and corrected to 1,204...

Bharat Financial Inclusion Ltd.

05 Jun 2018

Bharat Financial gets nod from bourses for merger with IndusInd Bank

Business Line

Micro-lender Bharat Financial Inclusion Ltd (BFIL) today said it has received a no-objection nod from stock exchanges for its merger with private se

Is Bharat Financial Inclusion Ltd. worth buying?

29 Votes:

Buy 79.31%

Sell 17.24%

Hold 3.45%