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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 …

Operating Income

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 …

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 …

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. …

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 …

The next major Q4 earnings will be of the largest private sector lender HDFC Bank on Saturday. HDFC Bank is expected to post double-digit growth in both net interest income and net profit year-on-year. In its Q4 preview report, ICICI Direct on HDFC Bank said, "Expect NII growth at 21% YoY to ₹22,958 crore even though moderation is seen in …

Banks net interest income rises 25.5% in Q3; Bank of Maharashtra outruns PSBs

Kolkata-headquartered private lender Bandhan Bank witnessed subdued third quarter earnings with both net interest income and profitability on the dip side. In its post-Q3 research note, Motilal Oswal on the bank said, "Bandhan Bank reported a muted 3QFY23 characterized by sluggish business growth, tepid NII, and elevated provisions. The brokerage continues to remain watchful of asset quality and the high …

Private lender Bandhan Bank has reported a muted third quarter with net profit at ₹290.6 crore, down 66% on-year, owing to a decline in net interest income and higher provisioning. The net interest income fell 2% during the third quarter to ₹2,080.4 crore as against ₹2,124.7 crore in the same quarter last year. Non-interest income grew by 45% to ₹1,033.3 …

ICICI Bank on Saturday posted a standalone net profit of Rs 7,557.8 crore for the September 2022 quarter, a jump of 37 per cent year-on-year as compared with Rs 5,511 crore a year ago. The private sector lender’s net interest income during July-September 2022 jumped 26 per cent YoY to Rs 14,786.8 crore, against Rs 11,690 crore a year ago. …

HDFC Bank Q1 FY23 Results: HDFC Bank, the country's largest private lender, on Saturday reported a 19% year-on-year rise in its net profit for the April-June quarter at ₹9,196 crore after providing ₹2,984.1 crore for taxation. HDFC Bank had posted a net profit of ₹7,729.64 crore in the year-ago period. Net interest income for the June quarter grew by 14.5% …