IDFC First Bank Q3 Results Preview: Net profit expected to decline 30% YoY, asset quality stress likely to persist
2 months ago

IDFC First Bank Q3 Results Preview: Net profit expected to decline 30% YoY, asset quality stress likely to persist

Live Mint  

IDFC First Bank Q3 results 2025: IDFC First Bank is scheduled to announce its December quarter performance on Saturday, January 25. They remain cautious about asset quality, anticipating continued stress for mid-sized private banks, including IDFC First Bank, which have significant exposure to unsecured retail and MFI segments. However, net profit is expected to increase 149.3% QoQ while showing a YoY decline of 30.1% to ₹500 crore. Centrum Broking expects NII to grow by 17% YoY and 5% QoQ to ₹5001 crore, with operating profit increasing 29% YoY and 3% QoQ to ₹2038 crore. The brokerage forecasts a 15.2% YoY and 3.1% QoQ jump in NII to ₹4,937 crore, with operating profit expected to grow 28.9% YoY and 2.6% QoQ to ₹2,013 crore.

Bank Profit Crore Qoq Yoy Idfc First Bank Net Profit Mfi Operating Profit Nii  growth  stress  q3  preview  likely  results  nii  net  quality  idfc  qoq  yoy  persist  operating  crore  bank  profit

History of this topic

Q3 Results Review: Healthcare, banking sectors stand out; Oil & gas, auto, consumer face challenges
1 month, 1 week ago

Q3 Results Review: Healthcare, banking sectors stand out; Oil & gas, auto, consumer face challenges

Live Mint  

The Q3 results season for FY25 delivered mixed results, with the Nifty 50 reporting a modest 5% year-on-year profit after tax growth, in line with Dalal Street expectations. Top-Performing Sectors Healthcare: A Standout Performer The healthcare sector recorded a robust 25% YoY earnings growth, exceeding estimates of 19%. Banks: Solid Growth but Margins Under Pressure While banks delivered a steady …

IIFL Finance stock slumps 6% to 10-month low as Q3 profit plunges 85% YoY
1 month, 1 week ago

IIFL Finance stock slumps 6% to 10-month low as Q3 profit plunges 85% YoY

Live Mint  

Shares of IIFL Finance, a prominent NBFC specialising in retail credit, plunged 6% in intraday trade on February 14, touching a 10-month low of ₹312.20 per share. The decline came after the company’s December quarter performance fell short of Street estimates, impacted by elevated credit costs and a slight deterioration in asset quality due to a cyclical economic slowdown. The …

NBCC Q3 result: Consolidated profit jumps 25% YoY; dividend declared. Check details
1 month, 2 weeks ago

NBCC Q3 result: Consolidated profit jumps 25% YoY; dividend declared. Check details

Live Mint  

NBCC Q3 result: Navratna PSU company NBCC, on Tuesday, February 11, reported a 25 per cent year-on-year rise in its December quarter consolidated net profit to ₹138.48 crore. Consolidated revenue from operations for Q3FY25 rose 16.65 per cent YoY to ₹2,826.96 crore from ₹2,423.52 crore in the corresponding quarter of the previous financial year. On a standalone basis, the company's …

SBI Q3 Results: Net profit jumps 84% YoY to ₹16,891 crore; NII up 4%
1 month, 2 weeks ago

SBI Q3 Results: Net profit jumps 84% YoY to ₹16,891 crore; NII up 4%

Live Mint  

SBI Q3 Results: India's largest public sector bank, State Bank of India, on Thursday reported an 84.32% year-on-year rise in its standalone net profit for the fiscal's third quarter ended December to ₹16,891.44 crore. The bank's Net Interest Income, which represents the difference between the interest earned on loans and the interest paid on deposits, saw a 4% increase, reaching …

Stocks to Watch before Budget 2025: ONGC, Vedanta, IndusInd Bank, Sun Pharma, and more
1 month, 3 weeks ago

Stocks to Watch before Budget 2025: ONGC, Vedanta, IndusInd Bank, Sun Pharma, and more

Live Mint  

Indian stock markets are open today, Saturday, February 1, due to Budget Day. IndusInd Bank: IndusInd Bank posted a 39 percent YoY decline in standalone net profit for Q3FY25, coming in at ₹1,401 crore, compared to ₹2,298 crore in the same period last year. City Union Bank: City Union Bank reported a 13 percent YoY increase in net profit for …

Q3 net profit of Karnataka Bank down
1 month, 3 weeks ago

Q3 net profit of Karnataka Bank down

The Hindu  

Karnataka Bank posted a net profit of ₹283.60 crore in the third quarter of 2024-25 as against ₹331.08 crore during the corresponding period of 2023-24, with a variation of 14.34 %. The bank posted a net profit ₹1,020 crores in the first nine months of 2024-25, as against ₹1,032.04 crore earned during the corresponding period, which is a marginal decline …

IndusInd Bank Q3 Results: Standalone profit plunges 39% YoY to ₹1,401 crore
1 month, 3 weeks ago

IndusInd Bank Q3 Results: Standalone profit plunges 39% YoY to ₹1,401 crore

Live Mint  

IndusInd Bank Q3 Results: The private sector lender IndusInd Bank on Friday, January 31, posted a 39% year-on-year decline in standalone net profit to ₹1401.28 crore for the third quarter of the fiscal year 2024-25. Provisions and contingencies for the quarter ended December 31, 2024, were ₹1,744 crore as compared to ₹969 crore for the corresponding quarter of the previous …

Bank of Baroda Q3 net profit rises 5.6% to ₹4,837 crore
Trending News
1 month, 3 weeks ago

Bank of Baroda Q3 net profit rises 5.6% to ₹4,837 crore

The Hindu  

Bank of Baroda Ltd., the second largest public sector bank, reported third quarter standalone net profit rose 5.6% to ₹4,837 crore from ₹4,579 crore in the year-earlier period. During the period, the bank made higher provisions and contingencies of ₹1,082 crore as compared with ₹666 crore a year ago. Gross NPA of the bank during the quarter reduced 11.9% YoY …

Bank of Baroda Q3 Results: Net profit rises 6% YoY to ₹4,837 crore
1 month, 3 weeks ago

Bank of Baroda Q3 Results: Net profit rises 6% YoY to ₹4,837 crore

Live Mint  

Bank of Baroda Q3 Results: State-run Bank of Baroda on Thursday reported a 5.6% year-on-year rise in its standalone net profit for the fiscal's third quarter ended December to ₹4,837 crore. Bank of Baroda reported an increase in total income for the third quarter of the current financial year, rising to ₹34,676 crore compared to ₹31,416 crore in the same …

Indian Bank Q3 PAT rises 35% to ₹2,852 crore
1 month, 3 weeks ago

Indian Bank Q3 PAT rises 35% to ₹2,852 crore

The Hindu  

Indian Bank reported 35% rise in net profit for the third quarter ended December 31, 2024 to ₹2, 852 crore, compared with ₹2,119 crore in the year-earlier period. During the quarter, the bank made provisions of ₹1,059 crore, of which ₹611.23 crore was towards non-performing assets as compared with ₹1,349 crore, of which provisions for NPA was ₹906 crore. Percentage …

Federal Bank Q3 PAT slides 5% to ₹955 crore
1 month, 3 weeks ago

Federal Bank Q3 PAT slides 5% to ₹955 crore

The Hindu  

Federal Bank Ltd for the third quarter ended December 31, 2024 reported 5% drop in net profit at ₹955.44 crore as compared with ₹1,007 crore in the year ago period. Also the NPA in the Commercial Vehicle/ Construction Equipment loan segment also increased to ₹81 crore from ₹66 crore a year ago. The bank’s Net NPA during the quarter has …

Canara Bank posts 12% increase in Q3 net profit
Trending News
1 month, 3 weeks ago

Canara Bank posts 12% increase in Q3 net profit

The Hindu  

Canara Bank on Monday reported 12.25% year-on-year growth in net profit for the third quarter ended December 31, 2024 at ₹4,104 crore. Its global business stood at ₹24,19,171 crore, grew by 9.30%; global deposits stood at ₹ 13,69,465 crore, grew by 8.44% and gross advances stood at ₹10,49,706 crore, grew by 10.45%. Credit to small and marginal farmers stood at …

IDFC First Bank shares slip over 5% after Q3 earnings miss estimates; analysts slash target price
1 month, 3 weeks ago

IDFC First Bank shares slip over 5% after Q3 earnings miss estimates; analysts slash target price

Live Mint  

Stock market today: Shares of IDFC First Bank, formed by merging the banking arm of project financer Infrastructure Development Finance Company and Capital First, tumbled 5.4% in early morning trade on Monday, January 27, to ₹58.90 apiece after the bank's Q3FY25 numbers, released on Saturday, missed analyst estimates. Analyst cut EPS estimates Domestic brokerage firm Centrum Broking highlighted that the …

IDFC First Bank Q3 results 2025 out. Should you buy IDFC First Bank shares?
2 months ago

IDFC First Bank Q3 results 2025 out. Should you buy IDFC First Bank shares?

Live Mint  

IDFC First Bank Q3 Results: IDFC First Bank announced Q3FY25 earnings on January 25, reporting a sharp drop of 53 per cent in standalone net profit to ₹339.4 crore, dragged by increased provisions due to higher loan slippages, compared to ₹715.7 crore in the corresponding period last year. IDFC First Bank Q3 Results: Key Metrics IDFC First Bank's net interest …

Yes Bank Q3 net profit surges 165% to ₹612 crore
2 months ago

Yes Bank Q3 net profit surges 165% to ₹612 crore

The Hindu  

Yes Bank for the third quarter ended December 31, 2024 reported 164.5% growth in net profit at ₹612 crore over the year ago period. The bank’s net interest income for the quarter grew Year on Year to ₹2,224 crore. GNPA ratio was lower YoY at 1.6% against 2.0% a year ago and NNPA ratio was at 0.5% against 0.9% in …

ICICI Bank Q3 PAT increases 14.8% to ₹11,792 crore
2 months ago

ICICI Bank Q3 PAT increases 14.8% to ₹11,792 crore

The Hindu  

ICICI Bank, the second largest private sector bank, reported a 14.8% year-on-year growth in net profit for the third quarter ended December 31 to ₹11,792 crore. The gross NPA additions were ₹6,085 crore out of which ₹5,300 crore were from retail and rural and the rest was from corporates, Sandeep Batra, Executive Director, ICICI Bank said over a conference call. …

Bank of India Q3 net profit surges 35% to ₹2,517 crore
2 months ago

Bank of India Q3 net profit surges 35% to ₹2,517 crore

The Hindu  

Bank of India for the third quarter ended December 31, 2024 reported 35% growth in net profit at ₹2,517 crore as compared with ₹1,870 crore in the year ago period. During the quarter the bank’s Net Interest Income increased by 11% Year on Year to ₹6,070 crore. Ann’s Gross NPA declined by 20.47% YoY from ₹.30,237 crore in the year …

Bank of India Q3 PAT up 35% to ₹2,517 crore
2 months ago

Bank of India Q3 PAT up 35% to ₹2,517 crore

The Hindu  

Bank of India for the third quarter ended December 31, 2024 reported 35% growth in net profit to ₹2,517 crore compared with ₹1,870 crore in the year-ago period. During the quarter, the bank’s Net Interest Income increased by 11% Year on Year to ₹6,070 crore. Net NPA declined by 29.07% YoY from ₹7,627 crore in the third quarter last year …

UCO Bank Q3 Results: Net profit rises 27% to ₹639 crore, NII up 19.6% YoY; asset quality improves
2 months ago

UCO Bank Q3 Results: Net profit rises 27% to ₹639 crore, NII up 19.6% YoY; asset quality improves

Live Mint  

UCO Bank reported a net profit of ₹638.83 crore in the third quarter of FY25, registering a growth of 27% from ₹502.83 crore in the year-ago quarter, led by higher interest income. Pre-Provisions Operating Profit of UCO Bank during the quarter ended December 2024 rose 41.7% to ₹1,585.69 crore from ₹1,119.14 crore in the same quarter last fiscal year. UCO …

Central Bank of India Q3 Results: Net profit surges 33% YoY to ₹959 crore; NII grows 12%
2 months ago

Central Bank of India Q3 Results: Net profit surges 33% YoY to ₹959 crore; NII grows 12%

Live Mint  

Central Bank of India on Monday, January 20 posted a 33% year-on-year increase in standalone net profit to ₹958.93 crore for the December 2024 quarter of the current financial year. The net non-performing assets at ₹1,554.98 crore, with the percentage of NNPA at 0.59%, lower than 0.69% in the September 2024 quarter and 1.27% in the December 2023 quarter. Business …

Indian Overseas Bank Q3 Results: Net profit jumps 21% YoY to ₹873 crore; NII improves 16% to ₹2,789 crore
2 months ago

Indian Overseas Bank Q3 Results: Net profit jumps 21% YoY to ₹873 crore; NII improves 16% to ₹2,789 crore

Live Mint  

Indian Overseas Bank, a state-run lender, released its December quarter performance on Monday, January 20, reporting a standalone net profit of ₹873 crore, a 21% year-on-year improvement. The bank's net interest income, which is the difference between the interest income earned from lending activities and the interest paid to depositors, jumped to ₹2,789 crore in Q3FY25, a 16.35% improvement compared …

RBL Bank Q3 Results: Net profit sinks 86% to ₹32 crore on high provisions, NII up 3% YoY; NPA improves marginally
2 months, 1 week ago

RBL Bank Q3 Results: Net profit sinks 86% to ₹32 crore on high provisions, NII up 3% YoY; NPA improves marginally

Live Mint  

RBL Bank Q3 Results: RBL Bank announced its October-December quarter results for fiscal 2024-25 on Saturday, January 18, reporting a crash of 86 per cent in net profit to ₹32.6 crore due to significantly higher provisions, compared to ₹233.1 crore in the corresponding period last year. The private lender's net interest income —the difference between interest earned and paid—rose three …

Axis Bank Q3 net profit rises 4% to ₹6,304 crore
2 months, 1 week ago

Axis Bank Q3 net profit rises 4% to ₹6,304 crore

The Hindu  

Axis Bank Ltd., the 3rd largest private sector bank, for the third quarter ended 31st December 2024 reported 4% growth in net profit to ₹ 6,304 crore over the year ago period. The bank’s Net Interest Income grew 9% YOY to ₹13,606 crore while Net Interest Margin for Q3FY25 stood at 3.93%. The bank’s balance sheet grew 9% YOY and …

IDFC First Bank shares: Is this a stock to buy on Monday after strong Q3 YoY growth?
2 months, 3 weeks ago

IDFC First Bank shares: Is this a stock to buy on Monday after strong Q3 YoY growth?

Live Mint  

IDFC First Bank share: Following strong buzz in the banking space, IDFC First Bank share price witnessed strong buying on Friday ahead of the Q3FY25 business update release. IDFC First Bank shares opened downside but soon attracted buying interest among the market bulls and touched an intraday high of ₹65.84 apiece on the NSE. According to stock market experts, IDFC …

Three reasons why IDFC First Bank might be undervalued
2 months, 3 weeks ago

Three reasons why IDFC First Bank might be undervalued

Live Mint  

Over the past 23 quarters and more, IDFC First Bank has staged a remarkable turnaround. Read this | A lot has to fall in place for IDFC First Bank’s stock to rebound The bank’s underwhelming stock performance comes despite substantial milestones, including: Retail deposits growing more than 14x. Deposit and credit growth: Amid a challenging environment for deposit growth, IDFC …

A lot has to fall in place for IDFC First Bank’s stock to rebound
3 months, 1 week ago

A lot has to fall in place for IDFC First Bank’s stock to rebound

Live Mint  

Private-sector lender IDFC First Bank Ltd has put up a dismal show and seen its shares tank around 26% so far this calendar year. The bank’s strategy of building up retail liabilities has helped in terms of stable low-cost deposits and growth in fee income. Going by the estimates of Motilal Oswal Financial Services, IDFC First’s return on assets and …

A big refinery, a large loan, and a bunch of eager banks
4 months ago

A big refinery, a large loan, and a bunch of eager banks

Live Mint  

Mumbai: India’s top lenders are falling over each other to finance a ₹39,000 crore refinery being set up by Chennai Petroleum Corp. and Indian Oil Corp. in Tamil Nadu, in one of the largest corporate loan deals in recent times. State-owned banks like State Bank of India, Bank of Baroda and Punjab National Bank are among six lenders which have …

Ksb Q3 Results 2024 on 14 Nov, 2024: profit rise by 23.15% YOY, profit at ₹61.7 crore and revenue at ₹616.5 crore
4 months, 1 week ago

Ksb Q3 Results 2024 on 14 Nov, 2024: profit rise by 23.15% YOY, profit at ₹61.7 crore and revenue at ₹616.5 crore

Live Mint  

Ksb Q3 Results 2024:Ksb declared its Q3 results for 2024 on 13 Nov, 2024, reporting a topline increase of 9.37% year-over-year. As of 14 Nov, 2024, Ksb has received a Strong Buy rating from all analysts covering the company, reflecting a consensus recommendation for investors to consider purchasing shares. Overall, while Ksb's Q3 results indicate positive growth on a yearly …

Q2FY25 results review: PNB, BoB to Canara Bank — Profit of PSBs jumps 35.4% to ₹45,550 crore
4 months, 1 week ago

Q2FY25 results review: PNB, BoB to Canara Bank — Profit of PSBs jumps 35.4% to ₹45,550 crore

Live Mint  

Indian public sector banks delivered a robust performance in the September quarter, surpassing their private-sector peers. UCO Bank reported a 50 per cent YoY jump in net profit to ₹603 crore, alongside reductions in gross NPAs to 3.18 per cent and net NPAs to 0.73 per cent. Additionally, Union Bank of India reported a 34 per cent rise in net …

SBI net profit zooms 28% on better asset quality, credit growth
4 months, 2 weeks ago

SBI net profit zooms 28% on better asset quality, credit growth

New Indian Express  

MUMBAI: The State Bank of India has reported a 28 percent on-year growth in net profit at Rs 18,331 crore for the quarter to September driven by improved asset quality and higher credit sales. The new chairman CS Setty, who assumed office only last month, said that in the reporting quarter, the bank earned an interest income of Rs 1.14 …

Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25
4 months, 3 weeks ago

Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25

The Hindu  

Canara Bank reports a strong Q2 performance with a 11.31% increase in net profit to ₹4,014 crore. The bank's net interest income also saw a significant rise, reaching ₹9,315 crore, compared to ₹8,903 crore in the corresponding quarter last year. The bank's NPAs have been reduced significantly, with the MSME sector NPA ratio dropping to 7.1% in Q2, down from …

Tamilnad Mercantile Bank Soars to New Heights with 11% Net Profit Growth
4 months, 3 weeks ago

Tamilnad Mercantile Bank Soars to New Heights with 11% Net Profit Growth

The Hindu  

Tamilnad Mercantile Bank reports its highest-ever net profit for the September quarter, with a rise of 11%. The bank's net interest income increased by 12%, while net interest margin improved to 4.25%. Non-interest income also rose, indicating a strong performance in the private sector lending segment.

Stocks to Watch: ICICI Bank, Yes Bank, Coal India, Inox Wind, Lodha, REC, and more
4 months, 3 weeks ago

Stocks to Watch: ICICI Bank, Yes Bank, Coal India, Inox Wind, Lodha, REC, and more

Live Mint  

The Indian stock market saw a mixed performance in the second quarter of 2023, with several major companies reporting strong financial results. ICICI Bank, Yes Bank, and REC reported significant increases in their net profits, while Coal India and Bharat Petroleum saw a decline in their profit margins. Inox Wind and DLF reported significant profit gains, while Bank of Baroda …

BoB Q2 Results: A Strong Performance with Significant Growth
5 months ago

BoB Q2 Results: A Strong Performance with Significant Growth

Live Mint  

Bank of Baroda reports a strong Q2 result, with a 23.2% increase in standalone net profit and a 7.3% YoY growth in NII. The bank's operating income and profit margins are also impressive, with a 12% YoY rise in operating income and a 18.2% YoY increase in operating profit. The bank's net and gross NPAs have also improved significantly, indicating …

Stocks to Watch: Strong Performance in the Banking and Real Estate Sectors
5 months ago

Stocks to Watch: Strong Performance in the Banking and Real Estate Sectors

Live Mint  

The news article focuses on several Indian stocks, highlighting positive financial performances and potential gains. While some companies like Bajaj Housing Finance, Cyient DLM, and Union Bank of India saw significant increases in their net profits, others like Mahindra Logistics and Aurum PropTech reported net losses. Ola Electric's IPO is expected to be a major highlight in the Indian stock …

IDFC First Bank Q1 Results: Net profit drops 11% to ₹680.7 crore, NII up 25% YoY; Asset quality stable
7 months, 3 weeks ago

IDFC First Bank Q1 Results: Net profit drops 11% to ₹680.7 crore, NII up 25% YoY; Asset quality stable

Live Mint  

IDFC First Bank Q1 Results: The private lender's NII rose 25.4 per cent to ₹ 4,695 crore in the first quarter of the current fiscal year, compared to ₹ 3,745 crore in the year-ago period. IDFC First Bank Q1 Results: IDFC First Bank announced its announced its April-June quarter results for fiscal 2024-25 on Saturday, July 27, reporting a drop …

Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore
8 months ago

Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore

The Hindu  

Federal Bank Ltd. reported Q1 FY25 net profit rose 18.3% year-on-year to ₹1,009.53 crore. Net advances rose to ₹2,20,806.41 crore, from ₹1,83,487.41 crore in the year-earlier period. Gross NPA at the end of Q1 FY25 was ₹4738.35 crore, which as a percentage to Gross Advances was 2.11%, while net NPA and as a percentage to net advances was ₹1330.44 crore …

Q1 Earnings Preview: 4 companies including Grasim, BPCL likely to post double-digit fall up to 71% in net profit
8 months, 2 weeks ago

Q1 Earnings Preview: 4 companies including Grasim, BPCL likely to post double-digit fall up to 71% in net profit

Live Mint  

In its recent earnings preview for the June quarter, domestic brokerage Motilal Oswal Financial Services forecast a 4 percent year-on-year growth in Nifty50 earnings. Grasim Industries: According to MOFSL, Grasim is likely to post a 71.4 percent YoY decline in its net profit at around ₹100 crore versus ₹360 crore in the same quarter last year. BPCL: MOFSL expects the …

IDFC First Bank shares fall over 5% today after Q4 net profit dips
10 months, 3 weeks ago

IDFC First Bank shares fall over 5% today after Q4 net profit dips

Hindustan Times  

IDFC First Bank share price: The shares of IDFC First Bank fell today declining as much as 5.64% to ₹80.05 apiece on the BSE after the private lender announced its financial results for the fourth quarter of FY24. IDFC first bank share price: IDFC first bank announced its financial results for the fourth quarter of FY24. IDFC First Bank’s net …

IDFC First Bank shares fall 3.5% as Warburg likely exits block deal: Details here
11 months, 3 weeks ago

IDFC First Bank shares fall 3.5% as Warburg likely exits block deal: Details here

Hindustan Times  

IDFC First Bank share price: Shares of IDFC First Bank fell 3.5 per cent on March 28 after it was reported that a block deal valued at ₹1,386 crore took place on the exchange in which around 18.3 crore shares, representing a 2.6 percent stake, in IDFC First Bank changed hands. IDFC First Bank share price today: IDFC First Bank …

SBI Q3 net slips 35% on wages, pension
1 year, 1 month ago

SBI Q3 net slips 35% on wages, pension

The Hindu  

State Bank of India reported third quarter net profit plunged 35.49% to ₹9,164 crore as compared with ₹14,205 crore in the year ago period due to a one-time provisioning of ₹7,100 crore toward wage hikes and pension liabilities, its chairman Dinesh Khara said at a press conference. Out of the ₹7,100 crore the bank provided ₹5,400 crore to correct the …

IOB Q3 results: Profit jumps 30% to ₹723 crore on improvement in core income
1 year, 2 months ago

IOB Q3 results: Profit jumps 30% to ₹723 crore on improvement in core income

Hindustan Times  

State-owned Indian Overseas Bank on Wednesday reported 30 per cent rise in net profit at ₹723 crore for December quarter 2023-24, on the back of improvement in core income and reduction in bad loans. On the asset quality front, the bank's gross Non-Performing Assets declined to 3.90 per cent of gross loans by the end of December 2023 from 8.19 …

Federal Bank Q3 Results: Consolidated Profit Rises 23 Per Cent To Rs 1,035 Crore
1 year, 2 months ago

Federal Bank Q3 Results: Consolidated Profit Rises 23 Per Cent To Rs 1,035 Crore

ABP News  

Federal Bank on Tuesday reported 23 per cent increase in consolidated net profit at Rs 1,035.42 crore for December quarter 2023-24, helped by a sharp decline in provisions and also surge in non-interest income. On a standalone basis, the private sector lender's net profit in the quarter increased 25 per cent to Rs 1,007 crore, its highest ever. Low-cost current …

HDFC Bank Q3 profit surges 34 per cent to Rs 16,373 crore, NPAs decline to 0.31 per cent
1 year, 2 months ago

HDFC Bank Q3 profit surges 34 per cent to Rs 16,373 crore, NPAs decline to 0.31 per cent

India TV News  

HDFC Bank, the largest private sector lender in India, has reported a 34 per cent increase in its standalone net profit to Rs 16,373 crore for the third quarter ending December 2023. The total income on a standalone basis also witnessed substantial growth, reaching Rs 81,720 crore in the October-December quarter of FY24 compared to Rs 51,208 crore in the …

PNB Q2 net profit jumps 327% to ₹1,756 crore; NII rises 20% YoY
1 year, 4 months ago

PNB Q2 net profit jumps 327% to ₹1,756 crore; NII rises 20% YoY

Live Mint  

PNB Q2 Results: Punjab National Bank, the state-run lender, reported a sharp jump of 327% in its net profit for the second quarter of FY24 led by lower provisions. PNB’s net profit in Q2FY24 surged to ₹1,756 crore from ₹411.3 crore in the same quarter last year. PNB’s net interest income during the July-September 2023 quarter rose 20% to ₹9,923 …

Higher income, lower provisions lift IndusInd Q2 profit 22%
1 year, 5 months ago

Higher income, lower provisions lift IndusInd Q2 profit 22%

Live Mint  

Private sector lender IndusInd Bank on Wednesday reported a 22% year-on-year rise in September quarter standalone net profit to ₹2,181.5 crore on the back of higher income and lower provisions. We have consistently communicated that our balance sheet construct, and the growth dynamics are able to withstand NIM volatility,” said Sumant Kathpalia, chief executive officer, IndusInd Bank. We have always …

Q2 Results today: Bajaj Auto, Wipro, IndusInd Bank, 29 others to post earnings
1 year, 5 months ago

Q2 Results today: Bajaj Auto, Wipro, IndusInd Bank, 29 others to post earnings

Live Mint  

Q2 Results today: The quarterly earnings season is in full swing and today 32 companies will be reporting its earnings. Here's the list of some of the companies that will report their Q2FY24 numbers today - 5paisa, Astral, Alpha Ind, Bajaj Auto, Bandhan Bank, DPL, Gujarat Cotex, Heritage Food, Himachal Fibres, ICICI General Insurance, IIFL, IndusInd Bank, LTI Mindtree, OFSS, …

IndusInd Bank Q2 results preview: Stable margin, healthy growth in revenue
1 year, 5 months ago

IndusInd Bank Q2 results preview: Stable margin, healthy growth in revenue

Live Mint  

IndusInd Bank is likely to announce healthy Q2FY24 earnings with stable margin and asset quality and a healthy year-on-year growth in revenue and profit after tax numbers. In the first quarter of the current financial year, IndusInd Bank reported a standalone net profit of ₹2,123.6 crore, registering a growth of 32.5 per cent from ₹1,603.29 crore in the same quarter …

IDFC First Bank sets QIP floor price at ₹94.95/share
1 year, 5 months ago

IDFC First Bank sets QIP floor price at ₹94.95/share

Live Mint  

Mumbai: Private sector lender IDFC First Bank has set the floor price of its qualified institutional placement, which opened 3 October, at ₹94.95 per share. Last month, Mint had reported that Rajiv Jain-led US-based boutique investment manager GQG Partners Llc acquired an additional 5.1 crore, or 0.76% stake, in private lender IDFC First Bank Ltd from V. Vaidyanathan, MD & …

Discover Related