Bajaj Finance has reported a 33 per cent jump in its third quarter net profit at Rs 160 crore (Rs 120 crore) helped by higher interest and fee income. Investors’ cheered the Pune-based c...
Indiabulls Financial Services Ltd reported a 31 per cent jump in the second-quarter net profit at Rs 303.59 crore (Rs 267.65 crore a year ago) on the back of higher interest income and fee income....
Bajaj Finance Ltd saw its net profit jump 48 per cent to Rs 129 crore in the second quarter (Rs 87 crore in the year-ago period) on the back of higher interest and fee income. The Pune-b...
Small Industries Development Bank of India is targeting a four-fold jump in its fee income over next five years as it launches a slew of service-oriented products to help small businesses raise fu...
Fee income includes money earned by distributing third-party mutual funds, insurance and a few others like commission income on letters of credit, bank guarantees and demand drafts.
High low-cost deposit base and well-diversified loan portfolio provide an edge to the bank over peers and enables the bank to maintain better margins consistently.