Bank of Baroda reports 59% YoY growth in Q2 PAT to ₹3,312 cr, gross NPA dips
2 years, 1 month ago

Bank of Baroda reports 59% YoY growth in Q2 PAT to ₹3,312 cr, gross NPA dips

Live Mint  

PSU lender, Bank of Baroda beats street's estimates in the quarter ending September 30, 2022 period with profitability witnessing double-digit growth. In Q2 of the current fiscal, the bank's net interest income which is the difference between interest earned and interest expended, came in at ₹10,174.46 crore in Q2FY23 --- registering a growth of 34.47% from ₹7,565.97 crore in Q2FY22. In terms of the loan book, the bank recorded global advances jumped by over 19% yoy to ₹8,73,496 crore. Under advances, in Q2FY23, the bank's organic retail loan portfolio grew by 28.4% led by growth in personal loan portfolio by 172.8%, auto loan by 29.2%, education loan by 23.2%, home loan by 19% on a year-on-year basis. On the domestic front, Current Account Deposits stands at ₹64,873 crore in Q2FY23, registering a growth of 7.9% yoy.

Growth Bank Loan Crore Yoy Deposits Q2Fy23 Q1Fy23 Gross Npa Npa Dips  loan  deposits  advances  baroda  npa  dips  crore  q2fy23  bank  portfolio  pat  gross  q1fy23  q2  growth  cr  yoy  reports

History of this topic

Banking revival in 2025: Why strong liability franchises stand to gain
2 weeks, 4 days ago

Banking revival in 2025: Why strong liability franchises stand to gain

Live Mint  

Indian bank stocks are waiting for their moment in the sun. Read this | Private lenders see stress in credit cards, personal loans in Q2 Elevated deposit costs and sluggish base growth weighed heavily on net interest margins for both public and private banks. Public vs private banks Credit costs for private banks increased by 10 basis points sequentially, with …

These companies post over 45% YoY rise in Q2 profits even as downgrades increase
1 month ago

These companies post over 45% YoY rise in Q2 profits even as downgrades increase

Live Mint  

In its latest earnings review, Motilal Oswal Financial Services observed that earnings performance for the MOFSL Universe was in line with expectations, showing a 1 per cent year-on-year decline. Hindalco: Aditya Birla Group’s Hindalco Industries Ltd reported an impressive 123.3 per cent YoY increase in net profit, reaching ₹1,891 crore for Q2 FY25, driven by robust operational performance in its …

PSB’s Record 26% Profit Growth in First Half FY25
1 month, 1 week ago

PSB’s Record 26% Profit Growth in First Half FY25

Deccan Chronicle  

New Delhi: The finance ministry on Tuesday said that public sector banks have shown robust performance in the first half of the current fiscal year with a 26 per cent growth in net profit, increase in business and decline in non-performing assets. During the first six months of FY25, the finance ministry also said that the credit and deposit portfolio …

At India’s largest bank, all eyes on premium customers
1 month, 2 weeks ago

At India’s largest bank, all eyes on premium customers

Live Mint  

Mumbai: State Bank of India may be taking the higher road as it joins the scramble for customer funds without resorting to a rate war, but its outlook signals an extended industry struggle for deposit growth. India’s largest bank on Friday tempered its guidance on deposit growth to 10-11% from 12-13% for 2024-25 as customers might have now found more …

Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25
1 month, 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 …

Indian Bank Maintains FY25 Guidance, Sets Credit Growth Target of 11-13%
1 month, 3 weeks ago

Indian Bank Maintains FY25 Guidance, Sets Credit Growth Target of 11-13%

The Hindu  

Indian Bank MD & CEO Shanti Lal Jain confirms that the bank's FY25 guidance remains unchanged. He highlights the bank's strong financial performance, including 8% deposits growth, 12% growth in advances, and 9.5% recovery rate. Jain also assures that the bank's asset quality is under control, with gross NPAs declining to 3.48% and net NPAs contracting to 0.27%. He also …

BoB Q2 Results: A Strong Performance with Significant Growth
1 month, 4 weeks 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 …

Axis Bank Q2 Results: A Strong Performance Despite Market Challenges
2 months ago

Axis Bank Q2 Results: A Strong Performance Despite Market Challenges

Live Mint  

Axis Bank reports a strong Q2FY25 performance, with a 18% rise in standalone net profit to ₹6,917.57 crore. The bank's net interest income (NII) rose 10% YoY, while the net interest margin (NIM) shrunk by four per cent. Despite the decline in NIM, the bank's margin excluding the one-time tax gain remained broadly maintained. The bank's net loans grew by …

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details
3 months, 1 week ago

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details

News 18  

HDFC Bank, India’s largest private sector lender, on Monday said it will announce its second-quarter results for the current financial year 2024-25 on October 19. In a BSE filing, the company said its board of directors will meet on October 19, 2024, “to inter-alia consider and approve the un-audited standalone and consolidated financial results for the quarter/half-year ending September 30, …

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore
4 months, 3 weeks ago

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore

The Hindu  

ICICI Bank Ltd. reported Q1 FY25 net profit grew 14.6% year-on-year to ₹11,059 crorebeating estimates led by treasury gains and other income. Net interest income of the private sector bank for June quarter rose 7.3% YoY to ₹19,553 crore, the bank said in a filing. “We are comfortable with the asset quality andour strategy is to grow in a risk …

Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore
4 months, 4 weeks 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 …

Federal Bank logs record high net income at Rs 1,010 crore, to raise Rs 6,000 crore
4 months, 4 weeks ago

Federal Bank logs record high net income at Rs 1,010 crore, to raise Rs 6,000 crore

New Indian Express  

MUMBAI: The Kochi-based old generation private sector lender Federal Bank has reported the highest-ever quarterly net income at Rs 1,010 crore for the June quarter, logging in an 18.25 percent annualised growth, boosted by all-round performance in terms of asset generation as well as maintaining asset quality. The lender, which is getting a new chief executive in Krishnan Venkat Subramanian …

HDFC Bank Q1 Results: Profit Surges 35% YoY At Rs 16,175 Crore
5 months ago

HDFC Bank Q1 Results: Profit Surges 35% YoY At Rs 16,175 Crore

ABP News  

HDFC Bank, India's largest private sector lender, announced a 35 per cent year-on-year growth in net profit to Rs 16,175 crore for the quarter ending June 2024, supported by robust net interest income and reduced provisions. However, compared sequentially, the lender's net profit declined by 2 per cent from Rs 16,511.85 crore in Q4FY24, primarily due to slower income growth …

Bank of Baroda Q4 results: Net profit rises 2.3% to Rs 4,886 crore
7 months, 1 week ago

Bank of Baroda Q4 results: Net profit rises 2.3% to Rs 4,886 crore

Business Standard  

The board has recommended a dividend at Rs 7.60 per equity share of face value of Rs 2 each fully paid up for the 2023-24 subject to approval at the ensuing 28th Annual General Meeting. | Photo: Shutterstock State-owned Bank of Baroda on Friday posted a marginal 2.3 per cent rise in net profit at Rs 4,886 crore for the …

Yes Bank share price rises 8% today after strong Q4 results
7 months, 3 weeks ago

Yes Bank share price rises 8% today after strong Q4 results

Hindustan Times  

Yes Bank share price: Shares of Yes Bank opened upside at ₹27.50 apiece on NSE and went on to touch an intraday high of ₹28.55 per share after the opening bell today. Yes Bank share price went on to touch an intraday high of ₹ 28.55 per share on April 29. Yes Bank share price today Shares of YES Bank …

SBI Q3 net slips 35% on wages, pension
10 months, 2 weeks 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 …

Dhanlaxmi Bank stock gains another 5%, up nearly 70% in last 10 sessions
10 months, 3 weeks ago

Dhanlaxmi Bank stock gains another 5%, up nearly 70% in last 10 sessions

Live Mint  

Shares of Dhanlaxmi Bank surged an additional 5% in today's intraday trade, reaching ₹53.75 apiece, marking highest level since August 2014. On January 01, the bank released its Q3FY24 business update, reporting an 11.5% YoY improvement in its total business, reaching ₹24,657 crore. The bank's gross advances showed healthy growth, reaching ₹10,347 crore in Q3FY24, a notable increase of 11.93% …

Yes Bank Q3 net profit surges to Rs 231 crore, NII soars to Rs 2,017 crore
10 months, 3 weeks ago

Yes Bank Q3 net profit surges to Rs 231 crore, NII soars to Rs 2,017 crore

India TV News  

Yes Bank reported a net profit of Rs 231 crore for the October-December quarter of 2023-24, 349.70 per cent higher Rs 52 crore figure in the same period the previous year, which was significantly impacted by provisions made for the transfer of sour loans to an asset reconstruction company. In the preceding September quarter, Yes Bank's net profit stood at …

Indian Bank Q3 standalone net rises 52% to ₹2,119 cr.
10 months, 4 weeks ago

Indian Bank Q3 standalone net rises 52% to ₹2,119 cr.

The Hindu  

Indian Bank reported standalone net profit for the December quarter rose 52% from the year-earlier period to ₹2,119 crore due to growth in interest income. Net interest income increased 6% to ₹5,815 crore and fee based income by 21% to ₹852 crore. Gross advances of the bank increased by 13% ₹5,09,800 crore, while gross deposits rose 10% to ₹6,54,154 crore. …

Canara Bank shares soar 8% to 52-week high on impressive Q2 numbers
1 year, 1 month ago

Canara Bank shares soar 8% to 52-week high on impressive Q2 numbers

Live Mint  

Canara Bank shares exhibited an upward trend for the second straight day, surging by almost 8% to record a new 52-week high of ₹387.80 apiece. The state-owned bank reported its highest-ever quarterly net profit of ₹3,606 crore in Q2 FY24, a jump of 42.81% compared to the net profit of ₹2,525 crore reported in the same period last year. The …

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

Equitas SFB Q2 Results: Net profit up 70% to ₹198 crore, NIIs up 25% YoY
1 year, 2 months ago

Equitas SFB Q2 Results: Net profit up 70% to ₹198 crore, NIIs up 25% YoY

Live Mint  

Equitas Small Finance Bank announced its July-September quarter results for fiscal 2023-24, reporting a growth of 70.2 per cent in net profit at ₹198 crore, compared to ₹116.4 crore in the corresponding period last year. The private lender's net interest income – the difference between interest earned and interest expended – during the second quarter of current fiscal stood at …

IndusInd Bank Q2 profit up 22% to ₹2,202 cr
1 year, 2 months ago

IndusInd Bank Q2 profit up 22% to ₹2,202 cr

Hindustan Times  

IndusInd Bank on Wednesday posted 22 per cent rise in consolidated net profit at ₹2,202 crore for September quarter 2023-24, aided by decline in bad loans and a rise in interest income. Total income increased to ₹13,530 crore during the quarter under review, as against ₹10,719 crore in the same period last year, IndusInd Bank said in a regulatory filing. …

Bandhan Bank Q2 profit jumps over 3-fold to ₹721 cr
1 year, 2 months ago

Bandhan Bank Q2 profit jumps over 3-fold to ₹721 cr

Hindustan Times  

Bandhan Bank on Wednesday reported over three- fold jump in net profit at ₹721 crore for the second quarter ended September 30, 2023. Bandhan Bank The Kolkata-headquartered private sector lender had posted a profit of ₹209.30 crore for the same quarter a year ago. On the asset quality front, the lender reported deterioration as gross non-performing assets rose to 7.32 …

Higher income, lower provisions lift IndusInd Q2 profit 22%
1 year, 2 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 …

Bandhan Bank Q2 net profit up 245% YoY to ₹721 crore
1 year, 2 months ago

Bandhan Bank Q2 net profit up 245% YoY to ₹721 crore

Live Mint  

Bandhan Bank for the quarter ending September'2023 saw its net profit rise 245% YoY to ₹721 crore compared to ₹209 Crore in the year ago quarter. Bandhan Bank's Net Interest Income improved to ₹2,443 crore in Q2 FY24 from ₹2,193 crore in Q2 FY23. Bandhan Bank Net NPA stood at around ₹2360 Crore at the end of Q2FY24 compared to …

Persistent Systems Q2 Results: Revenue up 18% YoY on robust order bookings
1 year, 2 months ago

Persistent Systems Q2 Results: Revenue up 18% YoY on robust order bookings

Live Mint  

Persistent Systems on Wednesday, October 18 reported a 17.7 per cent year-on-year growth in Q2FY24 consolidated revenue at ₹2,411.7 crore, helped by robust order bookings. while in the US dollar terms, the company's revenue grew 14.1 per cent YoY and 3.1 per cent quarter-on-quarter. Persistent's Q2 profit after tax grew 19.7 per cent YoY to ₹263.27 crore against ₹220 crore …

Q2 Results today: Bajaj Auto, Wipro, IndusInd Bank, 29 others to post earnings
1 year, 2 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, 2 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 …

Federal Bank Q2 results: Profit jumps 35.5% as provisions fall
1 year, 2 months ago

Federal Bank Q2 results: Profit jumps 35.5% as provisions fall

Live Mint  

Mumbai: Private sector lender Federal Bank on Monday reported a 35.5% year-on-year jump in net profit at ₹954 crore in the September quarter owing to lower provisions. “The environment continues to be reasonably encouraging.” Federal Bank’s asset quality improved as its gross bad loans as a percentage of gross advances stood at 2.26%, down from 2.38% in the June quarter …

Stocks to buy: ICICI Bank, IndusInd Bank among top picks in financial sector
1 year, 2 months ago

Stocks to buy: ICICI Bank, IndusInd Bank among top picks in financial sector

Live Mint  

The banking and financial services industry is expected to see decent growth with earnings expected to remain resilient despite net interest margin compression in the second quarter of FY24. Brokerage firm Motilal Oswal Financial Services expects systemic loan growth to remain healthy at 14% YoY in FY24, driven by continued traction in the Retail and SME segments. ICICI Bank, IndusInd …

Banks continue to report low CASA growth in Q2FY24
1 year, 2 months ago

Banks continue to report low CASA growth in Q2FY24

Deccan Chronicle  

Mumbai: With fixed deposits offering over 8 per cent, banks are likely to continue to report a decline in low cost current account saving accounts for the second quarter of this fiscal as customers move to higher yielding fixed deposits, mutual funds to park their money. IndusInd Bank’s CASA Ratio declined to 39.4 per cent as on September 30, 2023 …

Bank of Maharashtra Becomes Best Performing Public Sector Lender In Loan, Deposit Growth in Q1
1 year, 4 months ago

Bank of Maharashtra Becomes Best Performing Public Sector Lender In Loan, Deposit Growth in Q1

ABP News  

Bank of Maharashtra became the best performer among public sector banks during the first quarter of the current fiscal year. Based on the published quarterly numbers of the public sector banks, the bank recorded a growth of 24.98 per cent in the gross domestic advances, which stood at Rs 1,75,676 crore at the end of the first quarter. The report …

BoB Q1FY24 results: Net profit jumps 87.7% YoY, NPA dips over 40%
1 year, 4 months ago

BoB Q1FY24 results: Net profit jumps 87.7% YoY, NPA dips over 40%

Live Mint  

Bank of Baroda Q1 results 2023-24: State-owned bank, Bank of Baroda has declared its Q1FY24 results today. Sharing its first quarter results for the current financial year, the PSU bank reported 87.72 per cent YoY jump in net profit during April to June 2023 quarter. Bank of Baroda Q1FY24 net profit In Q1FY24, the PSU bank reported a net profit …

Bank of Maharashtra Q1 net profit jumps 95% to ₹882 crore; NII rises 39% YoY
1 year, 5 months ago

Bank of Maharashtra Q1 net profit jumps 95% to ₹882 crore; NII rises 39% YoY

Live Mint  

Bank of Maharashtra, the state-run lender, reported a standalone net profit of ₹882.08 crore in the first quarter of FY24, recording a sharp growth of 95.2% from ₹451.90 crore in the corresponding quarter of last fiscal. Net Interest Income, which is the difference between interest earned and interest expended, during Q1FY24 rose 38.8% to ₹2,339.7 crore from ₹1,685.7 crore, YoY. …

IndusInd Bank Q1FY24 net profit may rise 33% YoY amid healthy loan growth
1 year, 5 months ago

IndusInd Bank Q1FY24 net profit may rise 33% YoY amid healthy loan growth

Live Mint  

IndusInd Bank is set to announce its earnings for the first quarter of FY2024 on Tuesday. The private sector lender is expected to see stable margins and healthy loan growth during the June quarter. “Deposit growth was 15% YoY, broadly steady vs. last quarter and remains higher than system deposit growth of 12% YoY as of mid-June. Analysts at brokerage …

At Bandhan Bank, asset quality issues play spoilsport in Q1
1 year, 5 months ago

At Bandhan Bank, asset quality issues play spoilsport in Q1

Live Mint  

Bandhan Bank Ltd disappointed investors with its muted June quarter earnings performance. View Full Image Graphic: Mint The bank’s management expects recoveries to improve from Q2 onwards and that could aid its asset quality outlook. “The management had earlier guided for a reduction in overall stress pool ; however, we opine recoveries by way of improved collections and repa-yments from …

HDFC Bank Q1 net profit rises 30% YoY to ₹11,952 crore; NII jumps 21%
1 year, 5 months ago

HDFC Bank Q1 net profit rises 30% YoY to ₹11,952 crore; NII jumps 21%

Live Mint  

HDFC Bank, the largest private lender in the country, reported a standalone net profit of ₹11,951.7 crore for the quarter ended June 2023, registering a growth of 30% from ₹9,196 crore in the same quarter last year. HDFC Bank's total deposit showed a healthy growth and were at ₹19,13,096 crore as of June 30, 2023, an increase of 19.2% over …

Muthoot Finance Q4: PAT at ₹1,009 crore, reports highest gold loan growth
1 year, 7 months ago

Muthoot Finance Q4: PAT at ₹1,009 crore, reports highest gold loan growth

Live Mint  

Muthoot Finance announced its Q4FY23 results on May 19, reporting a net profit of ₹1,009.2 crore, registering a meagre rise of 0.3 per cent, compared to ₹1,006 crore in the corresponding period last year. The gold financing company's revenue from operations stood at ₹3,274.8 crore in the January-March quarter, posting a growth of 8.4 per cent, compared to ₹3,021.1 crore …

SBI's Q4 net profit jumps 83% to ₹16,694 cr
1 year, 7 months ago

SBI's Q4 net profit jumps 83% to ₹16,694 cr

Hindustan Times  

The country's largest bank SBI on Thursday reported an 83 per cent jump in net profit at ₹16,694.51 crore for the fourth quarter of 2022-23 fiscal on higher interest income and low provisioning. For the full 2022-23 fiscal, SBI's net profit increased 59 per cent to ₹ 50,232.45 crore. During the March quarter of 2022-23 fiscal, the bank's interest income …

Bank of Baroda Q4 results get a thumbs-up from brokerages
1 year, 7 months ago

Bank of Baroda Q4 results get a thumbs-up from brokerages

Live Mint  

Stock market today: Most brokerage firms cheered the strong March quarter numbers of Bank of Baroda as the public sector lender's standalone profit after tax more than doubled in Q4 FY23. In the last one year, the stock has rallied 82 per cent against a 13 per cent gain in the equity benchmark Sensex, thanks to its strong credit growth …

Bank of Baroda ends FY23 on a strong note
1 year, 7 months ago

Bank of Baroda ends FY23 on a strong note

Live Mint  

Public sector lender Bank of Baroda’s March quarter earnings performance was an all-round show. Healthy NII aided the bank’s profitability, translating into robust net interest margin growth. Plus, the pressure to raise deposit rates has eased with the Reserve Bank of India’s latest decision to pause interest rate hikes, the management added. Going ahead, the management expects to grow slightly …

Union Bank Q4 results: PAT up by 61%, declares dividend; key highlights here
1 year, 7 months ago

Union Bank Q4 results: PAT up by 61%, declares dividend; key highlights here

Live Mint  

Public sector lender, Union Bank of India registered strong double-digit growth in the fourth quarter of FY23. In the quarter, the bank witnessed strong growth in terms of advances and deposits year-on-year, while a sharp decline has been seen in gross NPA. In the quarter, the bank registered 13.05% YoY and 0.73% QoQ growth in global advances to ₹8,09,905 crore, …

Paytm's Q4 earnings exceed market expectations, reports revenues of ₹2,334 cr
1 year, 7 months ago

Paytm's Q4 earnings exceed market expectations, reports revenues of ₹2,334 cr

Hindustan Times  

India's leading payments and financial services company Paytm has announced Q4 FY2023 results, where it has surpassed analysts' estimates and reported robust growth in the Q4FY23 and FY23 results. Paytm's payments revenue grew by 41 per cent YoY to ₹1,467 crore in Q4FY23, with payment revenue growing 28 per cent YoY after excluding prior quarters' UPI incentives. The company's payment …

Fino Payments Bank Q4 profit up 25% at ₹22 crore
1 year, 7 months ago

Fino Payments Bank Q4 profit up 25% at ₹22 crore

Live Mint  

Mumbai: Fino Payments Bank has reported a net profit of ₹22.1 crore in the three months through March, up 25.4% from a year ago. Net revenue grew 18.2% year-on-year to ₹105.8 crore in the March quarter of FY23 and its earnings before interest, taxes, depreciation, and amortization rose 46.3% y-o-y to ₹43 crore. The bank said its total deposits increased …

IDFC First Bank posts highest ever quarterly profit of ₹803 cr in Q4, up 134%
1 year, 7 months ago

IDFC First Bank posts highest ever quarterly profit of ₹803 cr in Q4, up 134%

Live Mint  

IDFC First Bank witnessed strong growth in earnings for the fourth quarter of FY23. The lender's net profit in Q4FY23 more than doubled to ₹803 crore which is the highest ever in a quarter, while recording double-digit growth in net interest income. In Q4FY23, the bank's net profit skyrocketed by 134% to ₹803 crore as against a profit of ₹343 …

Kerala-based CSB Bank posts 20% rise in Q4 net profit to Rs 156 crore
1 year, 7 months ago

Kerala-based CSB Bank posts 20% rise in Q4 net profit to Rs 156 crore

Business Standard  

Kerala-based private sector lender CSB Bank has posted a 20 per cent rise in net profit during the fourth quarter of 2022-23 to Rs 156 crore, as compared to Rs 131 crore during the same period the previous financial year, owing to rise in income and dip in bad loans. Its net interest income also increased by 15 per cent …

Bajaj Finance Q4 net rises 30% on stronger interest income
1 year, 7 months ago

Bajaj Finance Q4 net rises 30% on stronger interest income

Live Mint  

Consumer financier Bajaj Finance Ltd on Wednesday reported a 30% year-on-year rise in consolidated net profit to ₹3,158 crore for the three months to March, owing to higher net interest income. In Q4 FY23, Bajaj Finance said it recorded highest-ever quarterly growth in assets under management of ₹16,537 crore. In Q4, Bajaj Finance said it added 3.09 million new customers …

Sensex tops 60k, Nifty jumps 120 pts; Bank, Realty shine; Pharma lags
1 year, 7 months ago

Sensex tops 60k, Nifty jumps 120 pts; Bank, Realty shine; Pharma lags

Live Mint  

Investors cheered the better-than-expected quarterly earnings reports from Reliance and ICICI Bank which lifted the mood of the market. Private sector lender Tamilnad Mercantile Bank on Monday posted a 11.45 per cent rise in its net profit for the fourth quarter ended March 2023 at ₹253 crore, helped by decline in bad loans. Media index drags as it sheds more …

ICICI Bank Q4: From interest income, provisions, key highlight of the quarter
1 year, 8 months ago

ICICI Bank Q4: From interest income, provisions, key highlight of the quarter

Live Mint  

Private sector lender ICICI Bank recorded healthy growth in its fourth quarter results for FY23. Net profit: In Q4FY23, ICICI Bank core operating profit grew by 36.4% year-on-year to ₹ 13,866 crore. Retail loans: The lender’s retail loan portfolio grew by 22.7 percent YoY and comprised 54.7 percent of the total loan portfolio at March 31, 2023. ICICI Bank's rural …

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