Kotak Bank’s profit up 26% YoY, see treasury loss of ₹857 crore
2 years, 5 months ago

Kotak Bank’s profit up 26% YoY, see treasury loss of ₹857 crore

Live Mint  

Kotak Mahindra Bank reported a 26% year-on-year jump in net profit, aided by higher credit and lower provisions. The private lender reported a net profit of ₹ ₹2,071.10 crore in the first quarter as against a net profit of ₹1,641.90 crore during the corresponding period last year. However, the bank’s net profit fell 25% on a sequential basis owing to a mark-to-market hit of ₹857 crore on its trading book. Net interest income surged around 19.20% year-on-year to ₹4,697 crore in the April to June quarter this year from ₹3,941.70 crore during the corresponding period last year. The bank’s loan book grew 29% year-on-year to ₹2.8 lakh crore as on 30 June 2022 led by strong growth in microfinance loans and unsecured loans like credit cards and personal loans.

Crore Quarter Net  yoy  26  net  loans  loss  banks  profit  857  quarter  crore  period  treasury  provisions  reported  kotak  interest  yearonyear

History of this topic

Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore
1 month, 2 weeks ago

Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore

The Hindu  

Mahindra & Mahindra Ltd reported 35% growth in consolidated net profit at ₹3,171 crore for the second quarter ended September 30, 2024, as compared with ₹2,348 crore in the year-ago period due to strong performance of all its businesses. Services business delivered 1.8 times net profit as compared to the year ago period, the company said. The auto business reported …

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 …

Tamilnad Mercantile Bank Soars to New Heights with 11% Net Profit Growth
1 month, 3 weeks ago

Tamilnad Mercantile Bank Soars to New Heights with 11% Net Profit Growth

The Hindu  

Tamilnad Mercantile Bank reports its highest-ever net profit for the September quarter, with a rise of 11%. The bank's net interest income increased by 12%, while net interest margin improved to 4.25%. Non-interest income also rose, indicating a strong performance in the private sector lending segment.

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

Bajaj Housing Finance's Net Income Soars 21% to Rs 546 Crore
2 months ago

Bajaj Housing Finance's Net Income Soars 21% to Rs 546 Crore

New Indian Express  

Bajaj Housing Finance reports a 21 percent increase in net income to Rs 546 crore in the September quarter. The company's net interest income grew 13 percent to Rs 713 crore, while assets under management surged 26 percent to Rs 1.03 trillion. However, the net profit margin declined to 22.64 percent from 23.6 percent. The company's capital adequacy ratio has …

Axis Bank Q2 Results: A Strong Performance Despite Market Challenges
2 months, 1 week 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 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 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 …

IDFC First Bank Q1 Results: Net profit drops 11% to ₹680.7 crore, NII up 25% YoY; Asset quality stable
4 months, 3 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
4 months, 3 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
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
5 months 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 …

Kotak Bank profit up 81% to Rs 6,250 crore
5 months ago

Kotak Bank profit up 81% to Rs 6,250 crore

New Indian Express  

MUMBAI: A stake sale in its general insurance subsidiary has boosted standalone net income of the fourth largest private sector lender, Kotak Mahindra Bank, by 81% to Rs 6,250 crore, of which as much as Rs 3,012 crore came in as the one-time income from deal with Zurich Insurance group that picked up 70% in the company during June quarter. …

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

Kotak Mahindra Bank Q1 Results: Net Profit Surges 81% to Rs 6,250 Crore, NPA Flat
5 months ago

Kotak Mahindra Bank Q1 Results: Net Profit Surges 81% to Rs 6,250 Crore, NPA Flat

News 18  

Kotak Mahindra Bank Q1 Results: Kotak Mahindra Bank said on Saturday reported an 81 per cent surge in its standalone net profit to Rs 6,250 crore for the April-June 2024 quarter. Kotak Mahindra Bank’s standalone net profit, excluding subsidiaries, had stood at Rs 3,452 crore rupees in the corresponding period last year. Kotak recorded “exceptional” income of Rs 3,520 crore …

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

Jefferies upgrades Kotak Mahindra Bank's share price target: 5 reasons why
7 months, 2 weeks ago

Jefferies upgrades Kotak Mahindra Bank's share price target: 5 reasons why

Hindustan Times  

Kotak Mahindra Bank share price: Brokerage firm Jefferies upgraded its rating on Kotak Mahindra Bank Ltd to 'Outperform' from ‘Neutral’. The impact of the same on FY25-26 growth should be minimal and the bank showed in Q4 print that core operating metrics remain strong with headline profit adjusted for one-offs was 8 per cent ahead of JPMe.” Jefferies on RBI …

Kotak Mahindra Bank shares fall 4% to fresh 52-week low
7 months, 3 weeks ago

Kotak Mahindra Bank shares fall 4% to fresh 52-week low

Hindustan Times  

Kotak Mahindra Bank share price: Shares of Kotak Mahindra Bankfell 4% to hit a fresh 52-week-low of ₹1,561 today. The shares of Kotak Mahindra Bank ended last week 10% weaker after the Reserve Bank of India restricted the bank from onboarding new customers through online and mobile banking channels and issuance of fresh credit cards. Meanwhile, domestic brokerage Nuvama downgraded …

ICICI Bank shares climb nearly 5 pc after Q4 earnings; mcap soars by ₹36,555.4 crore
7 months, 3 weeks ago

ICICI Bank shares climb nearly 5 pc after Q4 earnings; mcap soars by ₹36,555.4 crore

Hindustan Times  

New Delhi, Shares of ICICI Bank on Monday climbed nearly 5 per cent after the company's March quarter consolidated net profit grew 18.5 per cent to ₹11,672 crore, helped by lower provisions. ICICI Bank shares climb nearly 5 pc after Q4 earnings; mcap soars by ₹ 36,555.4 crore The stock advanced 4.67 per cent to settle at ₹1,158.80 on the …

ICICI Bank shares breach ₹8 lakh crore market cap, climb after Q4 earnings
7 months, 3 weeks ago

ICICI Bank shares breach ₹8 lakh crore market cap, climb after Q4 earnings

Hindustan Times  

Shares of ICICI Bank on Monday climbed over 2 per cent after the company's March quarter consolidated net profit grew 18.5 per cent to ₹11,672 crore, helped by lower provisions. ICICI Bank share price: For fiscal 2023-24, ICICI Bank standalone net profit grew to ₹ 40,888 crore from ₹ 31,896 crore a year ago. On a standalone basis, the second …

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 …

Kotak Mahindra Bank share price falls more than 11% following RBI order
7 months, 4 weeks ago

Kotak Mahindra Bank share price falls more than 11% following RBI order

Hindustan Times  

Shares of Kotak Mahindra Bank fell more than 11% after the Reserve Bank of India restricted the bank from issuing new credit cards and onboarding new customers via online channels. Kotak Mahindra Bank share price today: Kotak Mahindra Bank shares were down more than 11% after RBI's order. What RBI said about Kotak Mahindra Bank The central bank identified deficiencies …

Stocks to Watch: L&T, Dr Reddy’s, SRF, Voltas, TCS
10 months, 3 weeks ago

Stocks to Watch: L&T, Dr Reddy’s, SRF, Voltas, TCS

Live Mint  

L&T: Recorded 15% yoy growth in consolidated net profit at ₹2,947 crore for the December quarter. Dr Reddy’s Laboratories: Registered 10.6% yoy growth in consolidated net profit at ₹1,378.9 crore for the December quarter, despite higher tax cost. Voltas: Posted a net loss of ₹27.6 crore for the December quarter, narrowing from a loss of ₹110.5 crore a year ago …

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 …

Tech Mahindra profit falls 61% to Rs 510 crore
10 months, 4 weeks ago

Tech Mahindra profit falls 61% to Rs 510 crore

New Indian Express  

BENGALURU: IT major Tech Mahindra on Wednesday reported a 60.6% year-on-year fall in net profit at Rs 510 crore in the December quarter compared to Rs 1,296.6 crore in the year-ago period. Mohit Joshi, MD and CEO, Tech Mahindra, said, “The quarter was a mixed outcome, with growth in the Manufacturing and Healthcare segments but muted spending in areas like …

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

DJB losses pegged at ₹1,196 crore in 2021-22
1 year ago

DJB losses pegged at ₹1,196 crore in 2021-22

The Hindu  

The losses of the Delhi Jal Board for the financial year 2021-22 stood at ₹1,196.22 crore, according to data tabled in the Assembly. The data come in the wake of Chief Minister Arvind Kejriwal’s recommendation that the Comptroller and Auditor General of India examine the DJB’s accounts for the past 15 years. Replying to another query by Leader of 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 …

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 …

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: Maruti, Airtel, SBI, Power Grid, Kotak Bank, Gail India
1 year, 4 months ago

Stocks to Watch: Maruti, Airtel, SBI, Power Grid, Kotak Bank, Gail India

Live Mint  

Here are the top 10 stocks that could be in focus in today's trade: Maruti Suzuki: Maruti Suzuki India, the largest passenger car manufacturer in the country, reported a standalone net profit of ₹2,485.1 crore in the quarter ended June 2023. Power Grid Corporation: Power Grid Corporation of India announced its April-June quarter results for fiscal 2023-24 on July 31, …

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 …

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 …

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

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

Live Mint  

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

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

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

Live Mint  

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

Kotak Bank share price Today Live Updates : Kotak Bank closed today at ₹1840.45, down -0.23% from yesterday's ₹1844.75
1 year, 5 months ago

Kotak Bank share price Today Live Updates : Kotak Bank closed today at ₹1840.45, down -0.23% from yesterday's ₹1844.75

Live Mint  

On the last day, Kotak Bank opened at ₹1827.95 and closed at ₹1821.75. Kotak Bank share price NSE Live :Kotak Bank trading at ₹1841.7, down -0.17% from yesterday's ₹1844.75 The current stock price of Kotak Bank is ₹1841.7 with a percent change of -0.17. Kotak Bank share price update :Kotak Bank trading at ₹1842.7, down -0.11% from yesterday's ₹1844.75 Kotak …

Bandhan Bank Q4 result: Net profit decline 57% to ₹808 cr, dividend declared
1 year, 7 months ago

Bandhan Bank Q4 result: Net profit decline 57% to ₹808 cr, dividend declared

Live Mint  

Private lender Bandhan Bank on Friday reported 57.5 per cent decline in net profit to ₹808.3 crore for the quarter ended March 2023. Meanwhile, its net interest income, which is the difference between interest earned and expended, down 2.7 per cent to Rs2,471.8 crore from ₹2,540.2 crore year-on-year. The total advances rose 10 per cent as of March end to …

Jammu and Kashmir Bank records highest-ever net annual profit of ₹1,197 crore
1 year, 7 months ago

Jammu and Kashmir Bank records highest-ever net annual profit of ₹1,197 crore

The Hindu  

Jammu and Kashmir Bank has announced its highest-ever net annual profit of ₹1,197 crore in the results for the financial year 2022-23. With a decade-high capital adequacy ratio of 15.39% and non-performing assets at an eight-year low of 6.04%, the bank also recorded its highest-ever quarterly profit of ₹476 crore in the last quarter. "Jammu and Kashmir Bank has recorded …

Uday Kotak’s comeback in best interest of stakeholders, says CFO
1 year, 7 months ago

Uday Kotak’s comeback in best interest of stakeholders, says CFO

Live Mint  

Mumbai: Uday Kotak’s plan to return as non-executive director after his tenure as Kotak Mahindra Bank chief executive ends in December is compliant with regulations and is in the best interest of all stakeholders, a senior bank executive said on Saturday. “What we have gone through with is something we clearly believe is in accordance with law and regulations and …

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

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

Live Mint  

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

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

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

Business Standard  

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

CSB Bank net profit rises 19% to Rs 156 crore as bad loans decline
1 year, 7 months ago

CSB Bank net profit rises 19% to Rs 156 crore as bad loans decline

Business Standard  

Private sector lender CSB Bank on Friday reported 19 per cent rise in net profit at Rs 156 crore for March quarter 2022-23 as bad loans declined. During the quarter, the bank's total income increased to Rs 762.81 crore from Rs 583.17 crore a year ago, CSB Bank said in a regulatory filing. The Kerala-based bank recorded a net profit …

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

Bajaj Finance Q4 net rises 30% on stronger interest income

Live Mint  

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

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