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CreditAccess Grameen's stock has declined due to concerns over higher credit costs stemming from delayed improvement in its portfolio at risk. Despite accelerated write-offs in H1 FY26, the company is focusing on customer accretion and enhancing borrower quality. Analysts anticipate improved return ratios in the latter half of the fiscal year.
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News and Media
The National Asset Reconstruction Company has taken over the debt of Entertainment City. Punjab National Bank accepted NARCL's 711-crore offer. This ends a year-long effort by lenders to find a better deal. Entertainment City has outstanding debt of around 1,000 crore. NARCL's bid ensures lenders recover their principal amount.
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News and Media
Foreign investors divested shares worth 1.02 lakh crore in September quarter, with financial services firms, particularly NBFCs, experiencing significant stake reductions by foreign fund managers. Despite the selling pressure, some companies like Sona BLW Precision Forgings, Five-Star Business Finance, and Tata Communications saw their share prices rise. This occurred as Nifty and Nifty 500 indices registered declines of 3.5% and 3.
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News and Media
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