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 profit, growing from ₹3,511 crore to ₹4,720 crore YoY. Indian Bank also saw a 36 per cent increase in profit, reaching ₹2,707 crore, while reducing gross NPAs to 3.48 per cent and net NPAs to 0.27 per cent. HDFC Bank and Kotak Mahindra Bank showed modest profit growth of 5.3 per cent and 4.8 per cent, respectively, while IndusInd Bank experienced a notable decline in profit by 39.6 per cent.

Growth Indian Bank Profit Banks Yoy Net Deposit Pnb Fiscal Year Kotak Mahindra Bank Net Profit Npas Deposit Growth Net Npas Private Banks Unsecured Loans Q2 Fy25 Gross Npas Psbs Jumps Crore Cent  banks  yoy  profit  results  q2fy25  npas  bank  bob  net  growth  pnb  psbs  jumps  canara  crore  cent  review  deposit

History of this topic

TCS Q3 results: Net profit rises 12% YoY to ₹12,380 crore; revenue up 5%
5 days, 20 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 …

Mobikwik Q2 results: Firm posts loss of ₹3.5 crore vs profit YoY, revenue at ₹291 crore
1 week, 1 day ago

Mobikwik Q2 results: Firm posts loss of ₹3.5 crore vs profit YoY, revenue at ₹291 crore

Live Mint  

MobiKwik, which recently went public, reported a net loss of ₹3.5 crore for the September 2024 quarter, a sharp contrast to the ₹5.2 crore profit recorded in the same period last year. Operational revenue for the second quarter surged by 43 per cent year-on-year, reaching ₹291 crore compared to ₹203 crore in the corresponding period of the previous financial year. …

Indian Bank Q3 update: Total business up 8.3% at ₹12.6 lakh crore, total deposit surges 7.3%
1 week, 3 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 …

Bank of Maharashtra shares climb over 6% on strong Q3 business updates
1 week, 5 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 …

CSB Bank shares soar over 6.5% to 4-month high after gross advance, total deposits rise in Q3
1 week, 6 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, …

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern
2 weeks, 5 days ago

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern

Live Mint  

New Delhi, Dec 27 Low NPAs and double-digit credit growth are expected to drive profits of public sector banks past the ₹1.5 lakh crore milestone in 2024-25. Public lenders recorded their highest-ever aggregate net profit of ₹1.41 lakh crore in 2023-24 on the back of significant improvement in asset quality, credit growth, healthy capital adequacy ratio and rising return on …

Indian banks’ profitability improves for six straight years, NPAs decline to 13-year low: RBI report
2 weeks, 5 days ago

Indian banks’ profitability improves for six straight years, NPAs decline to 13-year low: RBI report

Live Mint  

The profitability of banks improved for the sixth consecutive year in 2023-24 and their gross bad debts or non-performing assets declined to a 13-year low of 2.7 per cent. "Banks’ profitability rose for the sixth consecutive year in 2023-24 and continued to rise in H1:2024-25 with the return on assets at 1.4 per cent and return on equity at 14.6 …

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 …

Indian Q2 growth below expectations, recovery signs emerge: SBI CAPS
1 month ago

Indian Q2 growth below expectations, recovery signs emerge: SBI CAPS

Live Mint  

New Delhi: The Indian economy faced a sluggish start to FY25, with Q2 GDP growth falling below expectations due to monsoon disruptions, subdued government spending, weaker urban demand and a slowdown in lending, SBI CAPS said in a report on Monday. “The Q2 GDP slowdown stems from four key factors: monsoon disruptions hitting industry, subdued government spending stalling capex, weakening …

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 …

India Inc's Q2 has been tepid. Is a recovery in sight?
1 month, 3 weeks ago

India Inc's Q2 has been tepid. Is a recovery in sight?

Live Mint  

India Inc. faced another challenging quarter in July-September as corporate earnings continued the recent trend of lukewarm performance. This was particularly evident in revenue growth, which hit a four-quarter low, dragging down net profit expansion for the fifth consecutive quarter, a Mint analysis showed. Costs surge An analysis of expense patterns shows that while aggregate spending held steady at 82% …

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 …

Bharat Dynamics Q2 Results: Defence PSU posts 17% fal in net profit to ₹147 crore, revenue drops 11% YoY
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2 months ago

Bharat Dynamics Q2 Results: Defence PSU posts 17% fal in net profit to ₹147 crore, revenue drops 11% YoY

Live Mint  

Bharat Dynamics on Thursday posted a net profit of ₹122.53 crore for the quarter ended September 2024, recording a fall of 16.7% from ₹147.09 crore in the year-ago period. Operating performance of Bharat Dynamics weakened during the September quarter as earnings before interest, tax, depreciation and amortization decreased 26.2% to ₹99 crore from ₹134 crore, while EBITDA margin narrowed to …

Hindustan Aeronautics Q2 Results: Net profit rises 22% to ₹1,510 crore, revenue grows 6% YoY
2 months ago

Hindustan Aeronautics Q2 Results: Net profit rises 22% to ₹1,510 crore, revenue grows 6% YoY

Live Mint  

Hindustan Aeronautics Ltd, the state-run defence company, reported a 22.4% rise in its consolidated net profit for the second quarter of FY25 to ₹1,510.49 crore from ₹1,236.67 crore in the year-ago quarter. At the operational level, HAL's earnings before interest, tax, depreciation and amortization during the quarter ended September grew 7.3% to ₹1,640 crore from ₹1,527.7 crore, while EBITDA margin …

BSE Q2 Results 2024: Profit Soars by 187.76% Year-Over-Year
2 months ago

BSE Q2 Results 2024: Profit Soars by 187.76% Year-Over-Year

Live Mint  

BSE Q2 Results 2024:BSE declared its Q2 results for the fiscal year 2024 on 12 November 2024, showcasing impressive growth metrics. Despite a recent dip, with BSE shares delivering a -4.11% return in the last week, the stock has shown remarkable resilience over the longer term, posting a 58.11% return over the last six months and a staggering 102.22% year-to-date …

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
2 months 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 …

Foreign investors are buying these three mid cap stocks during a record selloff
2 months ago

Foreign investors are buying these three mid cap stocks during a record selloff

Live Mint  

Foreign institutional investors have been on a selling spree when it comes to Indian stocks. Here’s the FII holding in the company since it was listed: View Full Image ASK Automotive's FII holding While the holding changed slightly between December 2023 and June 2024, it shot up 85% between the March and September quarters. Goldman Sachs India Equity Portfolio’s holding …

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 …

Public sector banks grew 11% in first half of FY25, finance ministry data shows
2 months ago

Public sector banks grew 11% in first half of FY25, finance ministry data shows

Live Mint  

Public-sector banks have maintained their strong performance, reporting 11% on-year growth in aggregate business at ₹236.04 trillion in the first half of FY25, the finance ministry said in a statement on Tuesday. 133.75 trillion, respectively, in the first half of the financial year, the ministry said. Banking reforms The finance ministry attributed the improved performance to banking reforms such as …

Q2FY25 results effect: Smallcap stock below ₹50 hits upper circuit for second day in a row
2 months ago

Q2FY25 results effect: Smallcap stock below ₹50 hits upper circuit for second day in a row

Live Mint  

Shares of penny stock Gujarat Toolroom reached the 2 per cent upper circuit of ₹12.16 for the second consecutive session on Tuesday, November 12, following robust quarterly results for the period ended September 2024. Stock Price Trend Before the recent back-to-back upper circuit sessions, Gujarat Toolroom's stock had been locked in a 2 per cent lower circuit for four consecutive …

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 …

IRCON International Q2 Results: Net profit rises 18% to ₹206 crore, revenue down 19% YoY
2 months, 1 week ago

IRCON International Q2 Results: Net profit rises 18% to ₹206 crore, revenue down 19% YoY

Live Mint  

IRCON International Q2 Results: IRCON International announced its January-March quarter results for fiscal 2024-25 on Thursday, November 7, reporting a rise of 18 per cent in net profit to ₹206 crore, compared to ₹250.7 crore in the corresponding period last year. The state-run engineering and construction firm's revenue from operations in the second quarter of the current fiscal dropped 19.3 …

Trent Q2 Results: Profit grows 47% YoY to ₹355 crore, revenue rises 39%
2 months, 1 week ago

Trent Q2 Results: Profit grows 47% YoY to ₹355 crore, revenue rises 39%

Live Mint  

Trent Q2 Results: Trent Ltd, a Tata Group company, posted a 46.9 per cent year-on-year growth in consolidated net profit for the September quarter to ₹355.06 crore on Thursday, November 7. On a standalone basis, Trent's revenue jumped 39 per cent YoY to ₹4,035.56 crore while the net profit rose 46.18 per cent YoY to ₹423.44 crore. In an otherwise …

Power Grid Corp Q2 results: Net profit rises 0.3% YoY to ₹3,793 crore; company declares ₹4.5/share interim dividend
2 months, 1 week ago

Power Grid Corp Q2 results: Net profit rises 0.3% YoY to ₹3,793 crore; company declares ₹4.5/share interim dividend

Live Mint  

Power Grid Corporation, a Maharatna Central Public Sector Undertaking and the largest electric power transmission company, reported a weaker-than-expected performance for the second quarter of financial year 2025 on Wednesday, November 6. The company posted a consolidated revenue of ₹11,277 crore for Q2 FY25, marking a marginal increase of 0.1% compared to ₹11,267 crore posted in the same period last …

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 …

Indian Bank Maintains FY25 Guidance, Sets Credit Growth Target of 11-13%
2 months, 2 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 …

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 …

Bajaj Housing Finance Soars 21% in Net Profit, First Earnings Since Listing
2 months, 3 weeks ago

Bajaj Housing Finance Soars 21% in Net Profit, First Earnings Since Listing

India Today  

Bajaj Housing Finance reports a significant increase in its net profit and revenue for the quarter ending September 2024. The company's net profit jumped by 21%, reaching Rs 546 crore, compared to Rs 451 crore in the same period last year. The revenue from operations also saw a rise of 26%, reaching Rs 2,410 crore. The company's net interest income …

L&T Finance Q2 Net Profit Soars 17% to Rs 696 Crore
2 months, 3 weeks ago

L&T Finance Q2 Net Profit Soars 17% to Rs 696 Crore

The Hindu  

L&T Finance reports a strong second-quarter net profit of ₹696 crore, up 17% from the previous year. The company's NIMs remained stable at 10.86%, while its RoA and RoE improved to 2.60% and 11.65% respectively, indicating improved financial health. The company's retail disbursements and loan book grew significantly, reflecting strong performance in the retail segment. However, the company acknowledged the …

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 …

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, …

FM Asks PSBs to Focus on Core Business, Deposits
4 months, 3 weeks ago

FM Asks PSBs to Focus on Core Business, Deposits

Deccan Chronicle  

New Delhi: Union finance minister Nirmala Sitharaman on Monday asked all the heads of public sector banks to focus on core banking business and speed up the pace of deposit growth by introducing innovative products. “The finance minister reviewed the financial performance of banks and progress made in the implementation of various flagship schemes of the government, including PM Awas …

ABB India Q2 Results: Net Profit Jumps 50% to Rs 443 Crore, Rs 10.66 A Share Dividend Declared
5 months ago

ABB India Q2 Results: Net Profit Jumps 50% to Rs 443 Crore, Rs 10.66 A Share Dividend Declared

News 18  

ABB India Ltd on Thursday posted a 50 per cent rise in its consolidated profit after tax to Rs 443 crore for the June 2024 quarter. ABB India’s PAT had stood at Rs 296 crore in the second quarter of the previous financial year 2023-24. At the end of this quarter, ABB India had an order backlog of Rs 9,517 …

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 …

Sarvotech Power stock rises 4% to fresh record high after Q1FY25 results
5 months, 2 weeks ago

Sarvotech Power stock rises 4% to fresh record high after Q1FY25 results

Live Mint  

The share price of Sarvotech Power Systems rallied over 3.79 per cent on Wednesday's trading session. The stock jumped after the company posted a 9 per cent increase in consolidated profit after tax to ₹4.48 crore for the June quarter of FY25, driven by higher revenues. Gross Profit also saw a substantial rise of 29 per cent, climbing from ₹1,577.52 …

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 …

Stocks To Watch: RBL Bank, Adani Green, Nestle, Axis Bank, RVNL, IDBI Bank, And Others
5 months, 3 weeks ago

Stocks To Watch: RBL Bank, Adani Green, Nestle, Axis Bank, RVNL, IDBI Bank, And Others

News 18  

Stocks To Watch On July 25: The markets traded lackluster and ended slightly lower on Wednesday, continuing the ongoing consolidation phase. Q1FY25 results on Thursday: Aavas Financiers, Adani Green Energy, Ashok Leyland, AU Small Finance Bank, Canara Bank, Chalet Hotels, Chennai Petrochem Corp, Cyient, DLF, Glenmark Life Sciences, Go Digital General Insurance, Home First Finance Company India, Jupiter Wagons, Jyothy …

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 …

PSU banks count on new coalition government for more lucrative PLI for employees
7 months ago

PSU banks count on new coalition government for more lucrative PLI for employees

Hindustan Times  

PSU banks are hopeful of a more lucrative performance-linked incentive for employees as a new coalition government takes charge, the Economic Times reported. “Some of the parameters governing the PLI, like the final settlement, should not be only based on operating profit, but take into account performance on other financial parameters,” another bank executive told the Economic Times. "While banks …

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 …

Paytm Q4 results: Loss widens to Rs 549.60 cr, revenue falls 2.6%
7 months, 3 weeks ago

Paytm Q4 results: Loss widens to Rs 549.60 cr, revenue falls 2.6%

Business Standard  

Digital payments firm Paytm on Wednesday reported a wider consolidated loss of Rs 549.6 crore in the fourth quarter of 2023-24, compared to Rs 168.4 crore in the same quarter last year. Net income declined by 2.6 per cent year-on-year to Rs 2,398.8 crore in Q4FY24 compared to Rs 2,464.6 crore in Q4FY23. Overall revenue for the entire FY24 rose …

Stocks to watch: Tata Motors, ICICI Bank, Vedanta, Piramal Enterprises, Zomato
8 months ago

Stocks to watch: Tata Motors, ICICI Bank, Vedanta, Piramal Enterprises, Zomato

Live Mint  

Tata Motors: The company reported a 222% surge in net profit to ₹17,407.2 crore in Q4FY24, driven by strong performance across all auto businesses. Kalyan Jewellers: The company reported a consolidated net profit at ₹1,374.93 crore for the March quarter, growing almost two times from ₹697.99 crore in the same quarter of the previous financial year. ABB India: The company …

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 …

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