MUMBAI: AU Small Finance Bank’s profit grew 42 per cent to Rs 118 crore in the March quarter led by a 50 per cent growth in loans for vehicle purchases. Net Interest Income the difference between what it paid for funds and what it earned from lending, nearly to Rs 851 crore from Rs 464 crore. “Capital raise, stable asset quality, adequate liquidity, continued growth momentum …

CHENNAI: Non-banking finance company Sundaram FinanceBSE 1.02 % has recorded a 13.9 per cent rise in its fourth quarter net profits ending March 31, 2017 at Rs. 139 crore. The city-based company had clocked net profits at Rs. 122 crore during the corresponding quarter of previous year, a top official said. For the full year ending March 31, 2017, the …

HSBC (HSBA.L) announced a $2.5 billion share buy-back and pared ambitions to grow dividend payouts and returns as it took pragmatic steps to soothe investors amid slowing growth in its home markets of Britain and Hong Kong. The lender’s London-listed shares were trading 3.6 percent higher at 0808 GMT (4:08 a.m. ET) after the buy-back took the sting out of …