Public sector lender, Union Bank of India registered strong double-digit growth in the fourth quarter of FY23. In the quarter, the bank witnessed strong growth in terms of advances and deposits year-on-year, while a sharp decline has been seen in gross NPA. In the quarter, the bank registered 13.05% YoY and 0.73% QoQ growth in global advances to ₹8,09,905 crore, …
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 …
Indian markets extended their gains for a second consecutive day on Monday with Sensex and Nifty 50 crossing over the 61,100 and 18,200 marks respectively. During the second quarter, Indian Bank posted a 12% yoy growth in net profit to ₹1,225 crore, while net interest income soared by 15% yoy to ₹4,684 crore. In the second quarter of FY23, the …
