Federal Bank Q1 result: Net profit rises 46% to ₹384 crore
5 years, 5 months ago

Federal Bank Q1 result: Net profit rises 46% to ₹384 crore

Live Mint  

Mumbai: Private sector lender Federal Bank on Tuesday reported a net profit of ₹384 crore in the June quarter of FY20, 46% higher than the same period last year, owing to higher other income and net interest income. Federal Bank’s asset quality slightly improved as its gross bad loans as a percentage of gross advances stood at 2.99%, down one basis point from the same period last year. Shyam Srinivasan, managing director and chief executive, Federal Bank said that while the bank has been watchful of credit growth in certain stressed sectors, retail continues to go do well. Federal Bank’s total deposits increased by 19.14% y-o-y to reach ₹1.32 lakh crore, its net advances grew by 18.81% y-o-y to ₹1.12 crore as on 30 June, 2019.

Bank Crore Srinivasan Net Profit Federal Bank  result  46  yoy  total  bank  rises  quarter  crore  income  384  q1  interest  banks  federal  stood  net  profit

History of this topic

Indian Bank Q3 update: Total business up 8.3% at ₹12.6 lakh crore, total deposit surges 7.3%
6 days, 2 hours 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 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 …

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern
2 weeks, 1 day 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 …

Govt committed to improve quality spending, cut fiscal deficit to 4.5% in FY26: Finance Ministry report
Trending News
2 weeks, 3 days ago

Govt committed to improve quality spending, cut fiscal deficit to 4.5% in FY26: Finance Ministry report

The Hindu  

The government will continue its focus on improving quality spending, strengthening the social security net and bring down the fiscal deficit to 4.5% of the GDP in FY26, a Finance Ministry document said. The Union government is committed to pursuing the glide path of fiscal consolidation as announced in the Budget for FY 2021-22 and to attain a level of …

Govt committed to improve quality spending, cut fiscal deficit to 4.5 pc in FY26: Finmin report
2 weeks, 3 days ago

Govt committed to improve quality spending, cut fiscal deficit to 4.5 pc in FY26: Finmin report

Live Mint  

New Delhi, Dec 25 The government will continue its focus on improving quality spending, strengthening the social security net and bring down the fiscal deficit to 4.5 per cent of the GDP in FY26, a finance ministry document said. The Union government is committed to pursuing the glide path of fiscal consolidation as announced in the Budget for FY 2021-22 …

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

NBFC-MFIs Debt Funding Drops 40.6 Percent in Q2 FY25
1 month ago

NBFC-MFIs Debt Funding Drops 40.6 Percent in Q2 FY25

Deccan Chronicle  

Chennai: As NBFC-MFIs turned cautious of asset quality, micro loan disbursements declined 16 per cent in terms of value and 27 per cent in volume terms in Q2 FY25. Against the Q4 FY24, when Rs 40,440 crore was disbursed through 88 lakh accounts, Q2 disbursements were down by 39 per cent. As a result, assets under management of NBFC-MFIs were …

State-run banks to raise nearly Rs 55,000 crore in bond sales for core capital boost
1 month, 1 week ago

State-run banks to raise nearly Rs 55,000 crore in bond sales for core capital boost

New Indian Express  

MUMBAI: Public sector banks have chalked out major debt-fund raising plans to the tune of Rs 54,800 crore by selling additional tier-1 and tier-2 bonds in the remainder of the current financial year to shore up their regulatory capital or core capital. So far in FY25, only State Bank of India and Canara Bank have issued AT-1 bonds, raising Rs …

India’s Fiscal Deficit Widens to 46.5% in FY25 Amid Core Sector Growth
1 month, 1 week ago

India’s Fiscal Deficit Widens to 46.5% in FY25 Amid Core Sector Growth

Deccan Chronicle  

New Delhi: India's fiscal deficit widened to 46.5 percent of FY25 at Rs 7.51 lakh crore, which was higher than the previous year’s 45 percent for a similar period. While the country's eight core sectors' output surged by 3.1 per cent in October as compared to a growth of 2 per cent in September, two separate government data showed on …

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 …

FII selling crosses ₹2 trillion in FY25, may cross FY22 record
1 month, 2 weeks ago

FII selling crosses ₹2 trillion in FY25, may cross FY22 record

Live Mint  

Investors exiting India have net-sold over ₹2 trillion worth of shares this fiscal, setting the stage for what could be the worst year for foreign portfolio outflows on NSE's secondary market. As US bond yields rose and quarterly earnings disappointed amid lofty valuations, foreign institutional investors net-sold a record ₹1.17 trillion in the secondary market in NSE's cash segment in …

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 …

Hindustan Aeronautics Q2 Results: Net profit rises 22% to ₹1,510 crore, revenue grows 6% YoY
1 month, 4 weeks 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 …

PSB’s Record 26% Profit Growth in First Half FY25
1 month, 4 weeks 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
1 month, 4 weeks 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 …

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

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

Stocks to Watch: Strong Performance in the Banking and Real Estate Sectors
2 months, 2 weeks ago

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

Live Mint  

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

Axis Bank Q2 Results: A Strong Performance Despite Market Challenges
2 months, 3 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 Q2 Update: Gross advances rise 7% to ₹25.19 lakh crore, deposits jump 15% YoY
3 months, 1 week ago

HDFC Bank Q2 Update: Gross advances rise 7% to ₹25.19 lakh crore, deposits jump 15% YoY

Live Mint  

HDFC Bank, the country’s biggest private sector lender, on Friday, reported gross advances growth of 7% at ₹25.19 lakh crore as of September 30, 2024, compared with ₹23.54 lakh crore as of September 30, 2023. {{^adFree}} {{/adFree}} HDFC Bank’s advances under management, which include advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation/assignment, stood at ₹26.33 lakh crore …

India’s current account deficit in Q1 FY25 widens to $9.7 billion
3 months, 1 week ago

India’s current account deficit in Q1 FY25 widens to $9.7 billion

The Hindu  

India’s current account deficit widened marginally to $ 9.7 billion in Q1:2024-25 from $8.9 billion in Q1:2023-24 and against a surplus of $4.6 billion in Q4:2023-24, according to dada released by the Reserve Bank of India on Monday. The current account surplus for Q4:2023-24 was revised downwards to $4.6 billion from US$ 5.7 billion earlier due to an upward adjustment …

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 …

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  

On September 18, ICICI Bank stock reached an all-time high of ₹ 1,295 on the BSE, marking a 2 percent increase from the previous close, with a market capitalization of ₹ 9.1 lakh crore. 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 …

NBFCs Outpace Banks With 21% Deposit Growth In FY24
3 months, 3 weeks ago

NBFCs Outpace Banks With 21% Deposit Growth In FY24

ABP News  

Non-bank lenders have increased their deposit base by 21 per cent in FY24, in contrast to the more modest 13.5 per cent rise experienced by banks, according to data from the Reserve Bank of India. The RBI's Handbook of Statistics on the Indian Economy reveals that the total public deposits held by NBFCs reached Rs 1.03 lakh crore by the …

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

Indian Bank plans to recover bad debts of ₹7,000 cr. in FY25
5 months, 1 week 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
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 …

IDFC First Bank Q1 Results: Net profit drops 11% to ₹680.7 crore, NII up 25% YoY; Asset quality stable
5 months, 2 weeks ago

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

Live Mint  

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

ICICI Bank Q1 results: Net profit grows 14.62%, interest income up 17%, gross NPAs fall 9.75%, net interest margin falls
5 months, 2 weeks ago

ICICI Bank Q1 results: Net profit grows 14.62%, interest income up 17%, gross NPAs fall 9.75%, net interest margin falls

Hindustan Times  

ICICI Bank Ltd, India's second-largest private sector lender has announced its first quarter financial results for the financial year 2024-25 on Saturday, July 27. The bank recorded a standalone net profit of ₹11,059.11 crore, a gain of 14.62% or ₹1,410.91 compared to the same quarter of the previous year, which was at ₹9,648.20 crore. This was a fall of 9.75% …

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, 2 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, 2 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, 3 weeks 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 …

Yes Bank Q1 Results: Net Profit Jumps 46% to Rs 502 Crore on Lower Provisions
5 months, 3 weeks ago

Yes Bank Q1 Results: Net Profit Jumps 46% to Rs 502 Crore on Lower Provisions

News 18  

Yes Bank Q1 Results: Private sector lender Yes Bank on Saturday reported a bigger-than-expected 46 per cent jump in standalone net profit to Rs 502 Crore, helped by a drop in loan-loss provisions and robust loan growth. The Mumbai-based private lender’s standalone net profit had stood at Rs 343 crore in the corresponding period last year. Yes Bank’s provisions and …

Anand Rathi Wealth Q1 Results: Net profit rises 38% to ₹73 crore, revenue up 35% YoY; AUM at ₹69,018 crore
5 months, 4 weeks ago

Anand Rathi Wealth Q1 Results: Net profit rises 38% to ₹73 crore, revenue up 35% YoY; AUM at ₹69,018 crore

Live Mint  

Anand Rathi Wealth Q1 Results: Anand Rathi Wealth announced its April-June quarter results for fiscal 2024-25 on Thursday, July 11, reporting a rise of 38 per cent in consolidated net profit at ₹73 crore, compared to ₹54 crore in the corresponding period last year. Anand Rathi Wealth Q1 Results: Key Metrics The share of equity MF in AUM increased to …

Dividend bounty: Finance Minister Nirmala Sitharaman receives record SBI dividend cheque of ₹6,959.29 crore for FY24
6 months, 2 weeks ago

Dividend bounty: Finance Minister Nirmala Sitharaman receives record SBI dividend cheque of ₹6,959.29 crore for FY24

Live Mint  

Finance Minister Nirmala Sitharaman received a dividend cheque of ₹6,959.29 crore for FY 2023-24 from SBI Chairman Dinesh Kumar Khara, the finance minister's office announced on Friday. “Smt@nsitharaman receives a dividend cheque of ₹6959.29 crore for FY 2023-24 from@TheOfficialSBI Chairman Shri Dinesh Kumar Khara,” the finance minister's official handle, @nsitharamanoffc, posted on X. According to a February report in Mint, …

RBI's Balance Sheet Rises 11 pc to Rs 70.47 Lakh Cr in FY24
7 months, 1 week ago

RBI's Balance Sheet Rises 11 pc to Rs 70.47 Lakh Cr in FY24

Deccan Chronicle  

In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as of March 2023. The central bank's net income stood at Rs 2.11 lakh crore at end-March 2024 after making a provision of Rs 42,819.91 crore, significantly down from Rs 1,30,875.75 crore in the preceding fiscal. Last week, the RBI approved the highest-ever dividend payout of …

Household liabilities peak at 5.7%, savings at record low of 5.2% in FY23: RBI
7 months, 1 week ago

Household liabilities peak at 5.7%, savings at record low of 5.2% in FY23: RBI

New Indian Express  

MUMBAI: Driven by rising indebtedness, which hit an all-time high of 5.7 per cent in FY23, the net financial savings of the households, which has been the mainstay of savings in the economy, has been on a southward-ho from FY14, when it stood at 7.2 per cent of GDP has hit a record low of 5.2 percent in FY23, shows …

Banks should improve corporate loans, keep deposit base healthy
7 months, 2 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 …

RBI board approves transfer of ₹2,10,874 crore surplus to Centre for FY24
7 months, 2 weeks ago

RBI board approves transfer of ₹2,10,874 crore surplus to Centre for FY24

The Hindu  

In a windfall gain for the Centre, the Central Board of Directors of the Reserve Bank of India on Wednesday approved the transfer of a record ₹2,10,874 crore as surplus to the Union government for the accounting year 2023-24. “The Board also discussed the working of the Reserve Bank during the year April 2023 – March 2024 and approved the …

RBI approves ₹2.11 lakh crore dividend payout to govt for 2023-24
7 months, 2 weeks ago

RBI approves ₹2.11 lakh crore dividend payout to govt for 2023-24

The Hindu  

The Reserve Bank of India on May 22 approved a ₹2.11 lakh crore dividend payout to the central government for 2023-24, more than double the amount it paid for the previous 2022-23 financial year. The decision was taken at the 608th meeting of the Central Board of Directors of the Reserve Bank of India held under the chairmanship of Governor …

Paytm Q4 results: Loss widens to Rs 549.60 cr, revenue falls 2.6%
7 months, 2 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 …

Union Bank net profit up 18% on lower provisions
7 months, 4 weeks 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 …

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