Bank of Maharashtra shares climb over 6% on strong Q3 business updates
1 week, 4 days ago

Bank of Maharashtra shares climb over 6% on strong Q3 business updates

Live Mint  

Shares of Bank of Maharashtra surged more than 6 percent during intraday trading on Friday, January 3, after the public sector lender reported robust updates for the December quarter. The bank's total business rose 16.9 percent year-on-year to ₹5.08 lakh crore, compared to ₹4.34 lakh crore in the previous year. Key Business Updates In its Q3 FY25 update, the bank revealed a 21.19 percent Y-o-Y growth in gross advances, which reached ₹2,28,652 crore, up from ₹1,88,670 crore in Q3 FY24. Q2 FY25 Financial Performance For the second quarter of FY25, Bank of Maharashtra had reported a 44.24 percent Y-o-Y increase in net profit, reaching ₹1,327 crore. The bank's net interest income also saw healthy growth, expanding 15.41 percent Y-o-Y to ₹2,807 crore in Q2 FY25, compared to ₹2,432 crore in Q2 FY24.

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History of this topic

TCS Q3 results: Net profit rises 12% YoY to ₹12,380 crore; revenue up 5%
5 days, 14 hours ago

TCS Q3 results: Net profit rises 12% YoY to ₹12,380 crore; revenue up 5%

Live Mint  

TCS Q3 results: India's largest IT firm, Tata Consultancy Services Ltd, announced their October to December quarter results on Thursday, Janaury 9. The company announced a 12 per cent rise in net profit to ₹12,380 crore in the third quarter of the financial year 2024-25, compared to ₹11,058 crore in the previous year. TCS Q3 results showed that the revenue …

RBL Bank stock gains 2.5% following healthy December quarter business update
1 week, 1 day ago

RBL Bank stock gains 2.5% following healthy December quarter business update

Live Mint  

Shares of RBL Bank ended higher at ₹166.80 apiece in trade on Monday, January 6, marking a 2.46% gain compared to the previous close as investors reacted positively to the bank's December quarter business update, which was released over the weekend. Q3 business update RBL Bank reported a 15% YoY jump in its deposits, reaching ₹92,746 crore in Q3FY25, while …

Indian Bank Q3 update: Total business up 8.3% at ₹12.6 lakh crore, total deposit surges 7.3%
1 week, 2 days ago

Indian Bank Q3 update: Total business up 8.3% at ₹12.6 lakh crore, total deposit surges 7.3%

Live Mint  

Indian Bank, on January 5, reported 8.3 per cent year-on-year rise in its total business for the quarter ending on December 31, 2024. The Chennai-based public sector bank's total business stood at ₹12.61 lakh crore for the same quarter, as compared to ₹11.64 lakh crore same period a year ago, according to the exchange filing. Indian public sector bank's gross …

Maharashtra attracted 45% of country’s FDI in first six months
1 week, 4 days ago

Maharashtra attracted 45% of country’s FDI in first six months

Hindustan Times  

MUMBAI: Chief minister Devendra Fadnavis got a chance to push his tagline ‘Ata Maharashtra Thambnar Nahi ’ when the Foreign Direct Investment numbers were released by the central government. It turned out Maharashtra had mopped up 45% of the total FDI of ₹2.49 lakh crore attracted by the country in the first six months of the financial year. Maharashtra attracted …

CSB Bank shares soar over 6.5% to 4-month high after gross advance, total deposits rise in Q3
1 week, 5 days ago

CSB Bank shares soar over 6.5% to 4-month high after gross advance, total deposits rise in Q3

Live Mint  

Shares of CSB Bank surged 6.65% to ₹334.90 apiece during the early trading session on Thursday, January 2, following the release of the bank's Q3FY25 business update. The bank also reported that its gold loan business expanded by 36.28% in Q3FY24 to ₹13,018 crore, compared to ₹9,553 crore in the same quarter last year. Following the positive Q3FY25 business update, …

ICICI Bank Q3 Update: India’s second-largest private bank to declare Oct-Dec quarter results on THIS date
3 weeks ago

ICICI Bank Q3 Update: India’s second-largest private bank to declare Oct-Dec quarter results on THIS date

Live Mint  

ICICI Bank Q3 Update: ICICI Bank announced on Tuesday, December 24, that it will conduct its board meeting on Saturday, January 25 to consider its upcoming October-December quarter results for the current fiscal. ICICI Bank Q2 Results ICICI Bank’s core net interest income rose by 9.5 per cent YoY to ₹20,048 crore in the July-September quarter of 2024-25, driven by …

Nifty PSU Bank index logs 7% gain in 4 sessions; Bank of India and 5 other constituents rise up to 10%
1 month, 2 weeks ago

Nifty PSU Bank index logs 7% gain in 4 sessions; Bank of India and 5 other constituents rise up to 10%

Live Mint  

Shares of Indian PSU lenders have made a strong recovery in recent sessions, reversing the weak performance seen in the first half of the current month. The win has sparked optimism that the central government will prioritise increasing capital expenditure to drive economic growth, especially as current spending lags behind FY2025 budget estimates. Reflecting this optimism, the Nifty PSU Bank …

These companies post over 45% YoY rise in Q2 profits even as downgrades increase
1 month, 3 weeks 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
2 months 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 …

BSE Q2 results: Net profit soars 193% YoY to ₹346 crore, revenue up 2-fold to ₹819 crore
2 months ago

BSE Q2 results: Net profit soars 193% YoY to ₹346 crore, revenue up 2-fold to ₹819 crore

Live Mint  

New Delhi, Nov 12 - Leading stock exchange BSE on Tuesday reported a three-time surge in net profit to ₹346 crore for the September quarter. Additionally, BSE recorded its best half-year revenue and profit of ₹1,493 crore and ₹610 crore, respectively, the exchange's MD & CEO Sundararaman Ramamurthy said. The average daily premium turnover in the equity derivatives segment for …

Q2FY25 results review: PNB, BoB to Canara Bank — Profit of PSBs jumps 35.4% to ₹45,550 crore
2 months 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 Q2 Results: Net profit rises 28% YoY to ₹18,331.4 crore, NII up 5.37%; 6 key highlights
2 months ago

SBI Q2 Results: Net profit rises 28% YoY to ₹18,331.4 crore, NII up 5.37%; 6 key highlights

Live Mint  

SBI Q2 Results: Public sector lender State Bank of India on Friday reported a standalone net profit of ₹18,331.44 crore for the quarter ended September 30, 2024, which was up by 27.92% over ₹14,330.02 crore reported by the company in the year-ago period. Net interest income for the quarter ended September, increased by 5.37% year-over-year to reach ₹41,620 crore, up …

SBI net profit zooms 28% on better asset quality, credit growth
2 months, 1 week 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 …

NSE Q2 Results: Net profit rises 57% to ₹3,137 crore, total income up 25% YoY
2 months, 1 week ago

NSE Q2 Results: Net profit rises 57% to ₹3,137 crore, total income up 25% YoY

Live Mint  

New Delhi, Nov 4 The National Stock Exchange on Monday reported a 57 per cent year-on-year surge in consolidated net profit to ₹3,137 crore for the September quarter. The exchange posted a total income of ₹5,023 crore during the July-September period of the current financial year, up 25 per cent on a year-on-year basis. For the half-year ended September 30, …

Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25
2 months, 2 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 …

Stocks to Watch: ICICI Bank, Yes Bank, Coal India, Inox Wind, Lodha, REC, and more
2 months, 2 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 …

Q2 Results, Maharashtra Candidates, Israel-Iran Conflict, New Zealand Dominates India
2 months, 2 weeks ago

Q2 Results, Maharashtra Candidates, Israel-Iran Conflict, New Zealand Dominates India

Live Mint  

Several leading companies released their second quarter results on Saturday, with some seeing significant improvements. The Indian stock market remained largely unchanged, with the BSE Sensex down 0.2%. Meanwhile, political parties in Maharashtra shared their candidate lists for the upcoming Assembly polls, with the BJP and the NCP both releasing 22 candidates each.

BoB Q2 Results: A Strong Performance with Significant Growth
2 months, 2 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, 4 weeks 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 …

ICICI Bank stock hits record high, market cap crosses ₹9 lakh crore for first time; What’s driving the rally?
3 months, 3 weeks ago

ICICI Bank stock hits record high, market cap crosses ₹9 lakh crore for first time; What’s driving the rally?

Live Mint  

Private lender ICICI Bank, on Wednesday, became the fourth Indian company to surpass a market capitalization of ₹9 lakh crore for the first time, following a share price increase of over 30 percent in 2024. On September 18, the stock reached an all-time high of ₹1,295 on the BSE, marking a 2 percent increase from the previous close, with a …

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details
3 months, 4 weeks 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, …

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved
5 months, 1 week ago

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved

Hindustan Times  

State Bank of India Ltd has announced its first quarter results for the financial year 2024-25 on Saturday, August 3, 2024 and its board has also approved a ₹25,000 crore fundraising through bonds. SBI recorded a net profit of ₹19,680.80 crore in Q1 2024-25, an increase of 5.04% or ₹944.85 crore, compared to ₹18,735.95 crore during Q1 2023-24 or the …

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore
5 months, 2 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 …

Canara Bank Q1 net profit up 10% to ₹3,905 crore
5 months, 2 weeks ago

Canara Bank Q1 net profit up 10% to ₹3,905 crore

Hindustan Times  

State-owned Canara Bank on Thursday posted a 10 per cent rise in its net profit to ₹3,905 crore for the first quarter ended June 30, on account of reduction in bad loans. During the quarter, the bank's total income increased to ₹34,020 crore, as against ₹29,823 crore a year ago, Canara Bank said in a regulatory filing. On the asset …

Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore
5 months, 3 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
5 months, 3 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 …

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore
7 months, 1 week ago

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore

The Hindu  

The market capitalisation of the State Bank of India crossed the ₹8 lakh crore mark on June 3 after the bank's shares surged to a record high of ₹907. Finance Minister Nirmala Sitharaman has recently posted on social media that India's banking sector has achieved a significant milestone by recording its highest-ever net profit, exceeding ₹3 lakh crore. In the …

Banks should improve corporate loans, keep deposit base healthy
7 months, 3 weeks ago

Banks should improve corporate loans, keep deposit base healthy

New Indian Express  

For the first time ever, the cumulative net profits of Indian banks surpassed Rs 3 lakh crore in 2023-24, up from Rs 2.3 lakh crore in 2022-23. While the 26 private lenders’ net profits shot up 42 percent to Rs 1.78 lakh crore, the 12 public sector banks reported net profits of Rs 1.41 lakh crore in 2023-24, a 34 …

Union Bank net profit up 18% on lower provisions
8 months ago

Union Bank net profit up 18% on lower provisions

New Indian Express  

NEW DELHI: State-owned Union Bank of India on Saturday reported an 18.36% increase in its consolidated net profit for the March quarter to Rs 3,328 crore, helped by lower provisions. For the financial year 2023-24, the lender reported a consolidated net profit of Rs 13,797 crore against Rs 8,512 crore in the year-ago period. In the quarter under review, its …

Bank of Baroda Q4 results: Net profit rises 2.3% to Rs 4,886 crore
8 months 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
8 months, 2 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 …

Stock market today| South Indian Bank share price falls 7% after Q4 business update: Details here
9 months, 1 week ago

Stock market today| South Indian Bank share price falls 7% after Q4 business update: Details here

Hindustan Times  

South Indian Bank share price: Shares of South Indian Bank Ltd fell today after the Thrissur-based lender announced its business update for the March quarter. South Indian Bank share price: The stock fell 7.09 per cent to hit a day low of ₹ 27.25. In March, the Reserve Bank of India asked South Indian Bank and Federal Bank to stop …

Union Bank of India share price jumps 7% on ₹3,000 crore QIP announcement
10 months, 3 weeks ago

Union Bank of India share price jumps 7% on ₹3,000 crore QIP announcement

Live Mint  

Union Bank of India share price jumped almost 7 percent on Wednesday, February 21, after the PSU lender announced its plans to raise ₹3,000 crore through a qualified institutional placement, with a floor price set at ₹142.78 per share. February 20, 2024, approved the raising of funds for an amount not exceeding ₹3,000 crore through issue of equity shares through …

Stocks to Watch: Adani Group, Mahindra & Mahindra, Zee, Hindalco, BHEL
11 months ago

Stocks to Watch: Adani Group, Mahindra & Mahindra, Zee, Hindalco, BHEL

Live Mint  

Adani Group: US-headquartered ratings firm Moody's upgraded the ratings of two green energy firms and two electricity generation and distribution firms of the Adani Group following improved financials, timely debt repayments and a capital infusion by the group over the past year. On Tuesday, Moody's upgraded the ratings of four Adani firms to stable — Adani Green Energy Ltd, Adani …

Esab India Q3 FY24 Results Live: Profit Rises by 4.52% YoY
11 months ago

Esab India Q3 FY24 Results Live: Profit Rises by 4.52% YoY

Live Mint  

Esab India, a leading company in the welding and cutting equipment industry, has declared their Q3 FY24 results on 08 Feb, 2024. The topline of Esab India witnessed a growth of 12.74% YoY, indicating a strong performance in the market. Esab India's selling, general & administrative expenses rose by 15.22% q-o-q and increased by 28.71% Y-o-Y. Esab India Financials Period …

SBI Q3 net slips 35% on wages, pension
11 months, 1 week 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 …

Delhivery Q3 results: Logistics firm turns profitable, revenue jumps 20% YoY
11 months, 1 week ago

Delhivery Q3 results: Logistics firm turns profitable, revenue jumps 20% YoY

Live Mint  

Delhivery Q3 results: Logistics company Delhivery reported a net profit of ₹11.7 crore in the October- December 2023 quarter. The company's consolidated net revenue increased by 13% QoQ to ₹2,194 crore against ₹1,941 crore in the previous quarter. Its net consolidated revenue increased 20.32% YoY against ₹1,823 crore in the year-ago period. The revenue of the logistics company increased by …

Mahindra Finance’s Q3 net profit declines 12% to ₹553 crore
11 months, 2 weeks ago

Mahindra Finance’s Q3 net profit declines 12% to ₹553 crore

Live Mint  

Mumbai: Mahindra Finance, a non-banking lender focused on auto finance, on Tuesday reported a 12 per cent decline in standalone net profit to ₹553 crore for the December quarter. On a consolidated basis, the company's net income declined 6 per cent to ₹623 crore from ₹664 crore and the total income rose 23 per cent to ₹4,137 crore. Adjusted for …

Dhanlaxmi Bank stock gains another 5%, up nearly 70% in last 10 sessions
11 months, 2 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
11 months, 2 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 …

PNB Housing Finance Q3 FY24 Results Live: Profit Rises by 25.75% YoY
11 months, 2 weeks ago

PNB Housing Finance Q3 FY24 Results Live: Profit Rises by 25.75% YoY

Live Mint  

PNB Housing Finance declared their Q3 FY24 results on 24 Jan, 2024. PNB Housing Finance has delivered 3.9% return in the last 1 week, 31.47% return in the last 6 months, and 10.12% YTD return. Currently, PNB Housing Finance has a market cap of ₹22327.39 Cr and a 52wk high/low of ₹906.45 & ₹383.06 respectively. PNB Housing Finance Financials Period …

Indian Bank Q3 standalone net rises 52% to ₹2,119 cr.
11 months, 3 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. …

IOB Q3 results: Profit jumps 30% to ₹723 crore on improvement in core income
11 months, 3 weeks 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 …

Pvt banks see muted Q3, challenges ahead
11 months, 3 weeks ago

Pvt banks see muted Q3, challenges ahead

Live Mint  

Mumbai: Higher provisions and lower margins marked the October-December quarter earnings of most private sector banks, as they reported muted numbers. Despite the margin contraction, ICICI Bank reported a 24% rise in net income to ₹10,270 crore at the end of December quarter, higher than market estimates. Kotak Mahindra Bank’s Casa ratio dipped to 47.7% at the end of the …

Kotak Mahindra Bank Q3 results: Net profit rises 6.75% to ₹4,265 cr
11 months, 3 weeks ago

Kotak Mahindra Bank Q3 results: Net profit rises 6.75% to ₹4,265 cr

Hindustan Times  

Kotak Mahindra Bank on Saturday reported a 6.75 per cent growth in consolidated net profit to ₹4,264.78 crore in the December quarter. On a standalone basis, the private sector lender's profit after tax rose to ₹3,005.01 crore from ₹2,791.88 crore in the year-ago period, but was lower than the preceding September quarter's ₹3,190.97 crore. Its total income rose to ₹14,096 …

IndusInd Bank reports ₹2,298 crore Q3 net profit, a 17.3% surge from last year
11 months, 3 weeks ago

IndusInd Bank reports ₹2,298 crore Q3 net profit, a 17.3% surge from last year

Hindustan Times  

IndusInd Bank on Thursday reported a net profit of ₹2,298 crore for the third quarter ending December 31, a surge by 17.3 per cent from the previous year. IndusInd Bank on Thursday reported a net profit of ₹ 2,298 crore for the third quarter ending December 31 The lender beat the Q3 profit expectations, helped by strong loan growth, Reuters …

HDFC Bank Q3 profit surges 34 per cent to Rs 16,373 crore, NPAs decline to 0.31 per cent
11 months, 4 weeks 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 …

TVS Motor enters ₹1 lakh crore market cap club as shares hit fresh record high
11 months, 4 weeks ago

TVS Motor enters ₹1 lakh crore market cap club as shares hit fresh record high

Live Mint  

Marking a significant milestone, TVS Motor, one of the country's leading two-wheeler makers, surpassed the ₹one lakh crore market capitalisation in today's trade as its shares hit a new peak of ₹2,108.95 apiece. The monthly sales figures for December 2023 reached an impressive 301,898 units, marking a 25% growth compared to the 242,012 units recorded in December 2022. The overall …

New investments slid 46% in Q3 as manufacturing, infra outlays shrank
1 year ago

New investments slid 46% in Q3 as manufacturing, infra outlays shrank

The Hindu  

Fresh investment plans almost halved between October and December 2023 from the previous quarter, with public capital expenditure projects tripping at a faster pace of almost 60%, while proposed private sector outlays fell 35%. While new road projects slumped 56%, with 194 projects worth ₹25,904 crore, fresh railway investment plans plummeted by a much sharper 92.2%, with only 28 new …

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