News Muncher - searching for lender

Today many companies which include Yes Bank, and ICICI Bank have announced their Q4 earnings today. ICICI Bank net profit rises by 30% to ₹9121.87 cr Private lender ICICI Bank on Saturday reported a 29.96 per cent rise in its net profit to ₹9121.87 crore during the fourth quarter ended March 2023 as compared to ₹7018.71 crore in the year-ago …

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 …

Pune-based Bank of Maharashtra surpassed other public sector lenders in terms of loan growth percentage for the third quarter of FY23. As per an analysis of the latest financial results of public sector banks showed, which PTI cited, BoM bank has maintained the top slot in credit growth in percentage terms consistently for the past 10 quarters despite COVID-19 pressures. …

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 …

Axis Bank Q1 Results: Lender's Net Profit Nearly Doubles To Rs 4,125 Crore; NII Up 21 Per Cent

Private sector lender Axis Bank on Monday announced its April-June quarter results, the PTI reported. The bank said its net profit nearly doubled to Rs 4,125 crore in the first quarter of FY23, as bad loans decline. According to the report, Axis Bank had clocked a net profit of Rs 2,160 crore in the corresponding quarter of the previous fiscal …

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% …