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 66% y-o-y to ₹1,200 crore in FY23 from ₹724 crore in FY22. CASA and CMS continue to outperform our expectations and we are very confident of this momentum to continue,” said Rishi Gupta, chief executive officer and managing director, Fino Payments Bank.

Crore Fino Payments Bank  bank  payments  crore  fino  yoy  profitable  profit  25  fy23  q4  net  22  gupta  quarter

History of this topic

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 …

U.y. Fincorp Q2 Results 2024 on 17 Nov, 2024: profit falls by 93.23% YOY, profit at ₹3.47 crore and revenue at ₹45.24 crore
1 month, 1 week ago

U.y. Fincorp Q2 Results 2024 on 17 Nov, 2024: profit falls by 93.23% YOY, profit at ₹3.47 crore and revenue at ₹45.24 crore

Live Mint  

Fincorp Q2 Results 2024:U.y. Fincorp declared their Q2 results on 14 Nov, 2024, revealing a mixed performance as the company experienced a significant decrease in profit despite a notable increase in revenue. The company reported a profit of ₹3.47 crore, reflecting a staggering 93.23% decrease year-over-year, while the revenue surged by 55.45% to ₹45.24 crore. The operating income also faced …

BSE Q2 results: Net profit soars 193% YoY to ₹346 crore, revenue up 2-fold to ₹819 crore
1 month, 1 week 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 …

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

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved
4 months, 2 weeks 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 …

Indian Bank plans to recover bad debts of ₹7,000 cr. in FY25
4 months, 3 weeks ago

Indian Bank plans to recover bad debts of ₹7,000 cr. in FY25

The Hindu  

Indian Bank is planning to recover bad debts of ₹7,000 crore in FY25 against ₹8,800 crore recovered in the year ago period, said its top executive. We will be making a recovery of around ₹7,000 crore,” MD & CEO Shanti Lal Jain said at the press meet. To a question, how much they are planning to recover through Asset Reconstruction …

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 …

Canara Bank Q1 net profit up 10% to ₹3,905 crore
4 months, 4 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
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
5 months 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 …

Banks should improve corporate loans, keep deposit base healthy
7 months 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 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 …

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 …

PB Fintech Q4 results: Firm back in black, PAT at ₹64 crore; revenue grows to ₹1,089.57 crore
7 months, 2 weeks ago

PB Fintech Q4 results: Firm back in black, PAT at ₹64 crore; revenue grows to ₹1,089.57 crore

Live Mint  

PB Fintech, the online insurance aggregator behind Policybazaar, announced a net profit of ₹60.19 crore for the quarter ending March 31, 2024, contrasting with a loss of ₹9.34 crore reported in the corresponding period of the previous year. The company's cash position saw a year-on-year improvement of ₹259 crore, reaching ₹5,263 crore, attributed to a 39 per cent year-on-year growth …

Q4 results today: UCO Bank, Tata Chemicals, UltraTech among 35 companies to report earnings. Full list here
7 months, 3 weeks ago

Q4 results today: UCO Bank, Tata Chemicals, UltraTech among 35 companies to report earnings. Full list here

Hindustan Times  

The results season is still very much on and a huge number of companies are all set to post their Q4 results today. Among them are Birlasoft, KFinTechnologies, Can Fin Homes, UCO Bank, Tata Chemicals, KPIT Technologies, UltraTech Cement, Trent, Poonawalla Fincorp, Gillette India, PNB Housing Finance, Vesuvius India, Shoppers Stop and others. Financial results for the fourth quarter of …

SBI Cards & Payment Services Q4 Results Live : profit rise by 11.05% YOY
7 months, 3 weeks ago

SBI Cards & Payment Services Q4 Results Live : profit rise by 11.05% YOY

Live Mint  

SBI Cards & Payment Services Q4 Results Live : SBI Cards & Payment Services declared their Q4 results on 26 Apr, 2024. SBI Cards & Payment Services has delivered 4.46% return in the last 1 week, -1.83% return in last 6 months and -0.16% YTD return. Currently the SBI Cards & Payment Services has a market cap of ₹72121.45 Cr …

ICICI Bank reports 17 percent rise in Q4 net profit to ₹10,708 crore
7 months, 3 weeks ago

ICICI Bank reports 17 percent rise in Q4 net profit to ₹10,708 crore

Hindustan Times  

ICICI Bank on Saturday reported its net profit at ₹10,707 crore in the fourth quarter ending on March 31, Reuters reported. The core net interest income of the private lender increased 8.1 percent to ₹19,093 crore on a 16.8 percent growth in loans and a marginal compression in net interest margin to 4.40 percent. ICICI Bank on Saturday reported its …

Yes Bank Q4 standalone net profit rises to ₹452 crore
7 months, 3 weeks ago

Yes Bank Q4 standalone net profit rises to ₹452 crore

Hindustan Times  

Yes Bank on Saturday reported its net profit at ₹452 crore for the quarter ending on March 31, Reuters reported. Yes Bank's net interest income, the difference between the interest earned on loans and paid to depositors, rose 2.3% to ₹2,153 crore. Last week, HDFC Bank had announced its Q4 results, reporting a ₹17,257.87 crore net profit for January-March on …

Axis Bank Q4 results: Net profit at ₹7,130 crore, asset quality improves
7 months, 4 weeks ago

Axis Bank Q4 results: Net profit at ₹7,130 crore, asset quality improves

Hindustan Times  

Axis Bank on Wednesday reported a consolidated net profit of ₹7,599 crore during March 2024 quarter, but expressed concerns over deposit accretion in the new fiscal. Sequentially, the bank's net profit grew 17 per cent as compared to ₹6,071 crore earnings recorded in the preceding quarter of FY24. The bank reported a 22 per cent growth in net profit from …

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 …

Mahindra Finance’s Q3 net profit declines 12% to ₹553 crore
10 months, 3 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 …

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 …

PNB Housing Finance Q3 FY24 Results Live: Profit Rises by 25.75% YoY
10 months, 4 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.
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. …

IOB Q3 results: Profit jumps 30% to ₹723 crore on improvement in core income
10 months, 4 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 …

Paytm Revenue Soars 38% YoY To Rs 2,850 Cr, PAT Improves By Rs 170 Cr YoY
11 months ago

Paytm Revenue Soars 38% YoY To Rs 2,850 Cr, PAT Improves By Rs 170 Cr YoY

ABP News  

Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, has announced its Q3FY24 results on Friday. The company has reported revenue of Rs 2,850 crore, registering growth of 38 per cent YoY, driven by accelerated GMV growth, higher device addition, and growth of financial services business. The contribution profit of the fintech firm …

Paytm Q3 loss declines to Rs 220 crore, revenue surges 38 per cent
11 months ago

Paytm Q3 loss declines to Rs 220 crore, revenue surges 38 per cent

India TV News  

One 97 Communications, the parent company of the fintech firm Paytm, announced a 38 per cent increase in third-quarter revenue attributed to the strong performance of its payments business and robust loan growth in the financial services segment. In Q3 FY24, Paytm reported a significant improvement in its net payment margin, which increased by 63 per cent to Rs 748 …

IndusInd Bank reports ₹2,298 crore Q3 net profit, a 17.3% surge from last year
11 months 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, 1 week 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 …

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 …

PNB Housing Finance Q2 Results: Net profit rises 45% to ₹383 cr, revenue up 5%
1 year, 2 months ago

PNB Housing Finance Q2 Results: Net profit rises 45% to ₹383 cr, revenue up 5%

Live Mint  

PNB Housing Finance Q2 Results: Punjab National Bank Housing Finance announced its July-September quarter results for fiscal 2023-24 on Monday, October 24, reporting a rise of 45.9 per cent in net profit at ₹383 crore, compared to ₹262.6 crore in the corresponding period last year. The revenue from operations in the second quarter of current fiscal stood at ₹1,777.8 crore, …

Paytm Q2 results: Revenue rises 32%, net loss narrows to ₹292 crore
1 year, 2 months ago

Paytm Q2 results: Revenue rises 32%, net loss narrows to ₹292 crore

Live Mint  

Digital payments firm Paytm recorded a consolidate revenue from operations of ₹2,519 crore in the second quarter of fiscal year 2023-24, marking a growth of 32 percent as compared to ₹1,914 crore reported in the year-ago period. {{^adFree}} {{/adFree}} The Vijay Shekhar Sharma-led company posted a consolidated net loss of ₹292 crore during the quarter under review, which is 49 …

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 …

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 …

PB Fintech Q1 Results: Net loss narrows 94% YoY to ₹11.9 crore, revenue up 39%
1 year, 4 months ago

PB Fintech Q1 Results: Net loss narrows 94% YoY to ₹11.9 crore, revenue up 39%

Live Mint  

PB Fintech released their April to June quarter results on Monday and posted a net consolidated loss of ₹11.9 crore which was 94% lower year-on-year from net loss of ₹204 crore reported during the corresponding quarter previous fiscal. The total revenue of the company jumped 39% YoY, while the operating revenue jumped 32% to ₹666 crore during the Q1FY24 from …

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 …

Stocks to Watch: RIL, Axis Bank, TechM, Marico, IndiGo, Dr Reddy’s
1 year, 4 months ago

Stocks to Watch: RIL, Axis Bank, TechM, Marico, IndiGo, Dr Reddy’s

Live Mint  

Here are the top 10 stocks that could be in focus in today's trade: Reliance Industries: Jio Financial Services Ltd, the demerged financial lending arm of Reliance Industries Ltd, and BlackRock, the world’s largest asset manager, have joined hands to set up an asset management company with a combined investment of $300 million. Net interest income or core income jumped …

Cleaning up of NPA mess will propel the economy
1 year, 4 months ago

Cleaning up of NPA mess will propel the economy

Hindustan Times  

To understand the complexities of India’s banking sector, one needs to grapple with a term that tends to recur with unsettling regularity – non-performing assets. The gross NPA ratio of scheduled commercial banks stood at 4.9%, and ₹66.6 lakh crore in March 2014 were bad loans. The National Democratic Alliance government took several steps to address the NPA problem, including …

PNB Housing Q1 Results: PAT up 47% YoY to ₹347.32 cr, stock hits 52-week high
1 year, 4 months ago

PNB Housing Q1 Results: PAT up 47% YoY to ₹347.32 cr, stock hits 52-week high

Live Mint  

PNB Housing Finance Ltd on Monday reported an 47.8% year-on-year rise in its consolidated net profit after tax for the fiscal's first quarter ended June to ₹347.32 crore. The housing finance company's consolidated total revenue from operations rose 21% on year to ₹1,707.63 crores during the quarter ended June from ₹1,410.70 crore in Q1FY23. The mortgage lender reported in an …

ICICI Bank Q1: Net profit rises 40% to ₹9,648 crore on improved asset quality
1 year, 5 months ago

ICICI Bank Q1: Net profit rises 40% to ₹9,648 crore on improved asset quality

Live Mint  

ICICI Bank Q1 Results: ICICI Bank announced its April-June quarter results for fiscal 2023-24 on July 22, reporting a rise of 39.7 per cent in net profit at ₹9,648 crore on a standalone basis, compared to ₹6,905 crore in the corresponding period last year. Asset Quality The bank's asset quality improved as the gross non-performing assets during the June quarter …

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