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 …
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 …
Top Indian private banks, HDFC Bank, ICICI Bank and Axis Bank, have reported their Q4 results with the lenders showing a decent growth in its net profit and net interest income along with contracting net interest margin. All these three top private lenders HDFC Bank, ICICI Bank, and Axis Bank reported a faster deposit growth in Q4FY24 as compared with …
Flair Writing IPO: The initial public offering of writing instruments manufacturer Flair Writing Industries has received strong response from investors as the public issue has been fully subscribed on the second day as well. Let's check out Flair Writing IPO subscription status, latest GMP and other key details: Flair Writing IPO Subscription Status Flair Writing IPO has been subscribed 6.15 …
ICICI Bank share price climbed over a per cent to hit its fresh 52-week high of ₹1,008 in morning trade on BSE on Monday as most brokerage firms retained their positive views on the stock after its June quarter results. On Saturday, ICICI Bank reported a 39.7 per cent year-on-year rise in its standalone net profit for Q1FY24 at ₹9,648 …
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 …