Yes Bank Q1 net profit rises 10% to Rs 343cr

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/j9DPv73

Read more »

ICICI Bank beats estimates with record April-June net profit

ICICI Bank beat first-quarter expectations on Saturday as higher interest income and loan growth helped deliver a record net profit for India's second-largest private lender. Net profit rose 39.7% to Rs 96.48 billion ($1.18 billion) for the April-June quarter, beating the Rs 91.8 billion expected by analysts Refinitiv IBES data showed.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7qZrGaw

Read more »

ICICI Bank posts 40% jump in April-June net profit

Standalone net profit rose to a record ₹9,648 crore

from | The HinduBusinessLine https://ift.tt/i7g92NS

Read more »

Kotak Mahindra Bank's 67% profit jump beats expectations

Kotak Mahindra Bank's asset quality was largely stable during the quarter

from | The HinduBusinessLine https://ift.tt/nzNDJi3

Read more »

ICICI Bank’s Q1 PAT seen up 30%, provisions likely elevated

However, sequential profit after tax may be 4-5% lower due to increased provisions.

from | The HinduBusinessLine https://ift.tt/hEQ8IPU

Read more »

Yes Bank's net profit rises 10.3% in April-June quarter

The private lender's standalone net profit rose from the same period last year to ₹343 crore

from | The HinduBusinessLine https://ift.tt/e87Yjru

Read more »

South Indian Bank projecting a credit growth of 12-13% in FY24: MD & CEO

from | The HinduBusinessLine https://ift.tt/aHK3J67

Read more »

Paytm net loss narrows to ₹358 crore in Q1, revenues up 39% y-o-y

EBIDTA before ESOP stood at ₹ 84 crore in Q1

from | The HinduBusinessLine https://ift.tt/gERSKvb

Read more »

HDFC Life Q1 PAT up 15% on growth in premium income, new business

Total premium rises 16 per cent yoy to ₹11,673 crore

from | The HinduBusinessLine https://ift.tt/qKsXeJP

Read more »

Union Bank of India expects GNPA level to improve below 6%

PSB eyes reduction of about ₹16,000 crore in GNPAs in the current fiscal year

from | The HinduBusinessLine https://ift.tt/p0EblYT

Read more »

India's forex kitty swells by $12.74 billion to $609.02 billion

India's forex reserves have swelled by $12.743 billion to $609.022 billion in the week ended July 14, making it one of the strongest weekly surges in the kitty in recent times, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had risen by $1.23 billion to $596.28 billion.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PH3dEa1

Read more »

HDFC Life Q1 net profit rises 15% to Rs 415 cr

Total premium rose 16 per cent to Rs 11,673 crore in the quarter under review

from | The HinduBusinessLine https://ift.tt/4CB2ebE

Read more »

ICICI Securities Q1 PAT dips 1%, revenues surge 18%

Decline in the profit could be attributed to higher expenses, as ICICI Securities’ total expenses shot up by 33% to ₹570 crore in Q1

from | The HinduBusinessLine https://ift.tt/NH8Egvk

Read more »

Union Bank first-quarter net profit zooms 108 per cent to Rs 3,236 cr

17 per cent increase in net interest income, and a decline in loan loss provisions boost numbers

from | The HinduBusinessLine https://ift.tt/o8UqJ5a

Read more »

HDFC Bank becomes 2nd most valuable company; TCS falls to 3rd place

HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services.At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore more than TCS' Rs 12,66,891.65 crore valuation on the BSE.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2CuaUyB

Read more »

South Indian Bank reports 75% growth in net profit for Q1 FY24

Net interest income of South Indian Bank went up from ₹603.38 crore to ₹807.77 crore, registering a growth of 34 per cent

from | The HinduBusinessLine https://ift.tt/yCJt19l

Read more »

Sahara Refund Portal: How it works?

Only claims filed online through the Sahara Refund Portal will be entertained and there is no fee for submitting claims

from | The HinduBusinessLine https://ift.tt/I9ChJuU

Read more »

India can tap China-plus-1 window to create manufcturing jobs: Worl Bank president Ajay Banga

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yU31X0a

Read more »

RBI cancels licence of Uttar Pradesh-based United India Co-operative Bank

The Commissioner and Registrar of Cooperatives, Uttar Pradesh, has been requested to issue an order for winding up the bank and appointing a liquidator for it

from | The HinduBusinessLine https://ift.tt/sHWrkbm

Read more »

L&T Finance Holdings PAT ₹531 crore on strong retail disbursements

L&T Finance Holdings achieved Retailisation of 82% in Q1FY24 itself, much ahead of Lakshya 2026 goal of greater than 80% Retailisation

from | The HinduBusinessLine https://ift.tt/5UnGgR4

Read more »

Ananya Birla’s Svatantra MicroFin buys out Sachin Bansal’s microfinance business

Promoted by Ananya Birla, the deal is said to have been sealed at around ₹1,000 crore 

from | The HinduBusinessLine https://ift.tt/vy0o7kB

Read more »

Reliance General Insurance to get ₹200 crore capital infusion

Reliance General Insurance, the insurance arm of Reliance Capital, had written to the administrator of the parent company seeking ₹600 crore as capital on an “urgent basis” in order to preserve the business

from | The HinduBusinessLine https://ift.tt/75oCHXN

Read more »

Bank of Maharashtra’s share price surges by 4.51%

Bank of Maharashtra’s net profit reached ₹882 crore, compared to ₹452 crore in the corresponding period last year

from | The HinduBusinessLine https://ift.tt/lhf6NMz

Read more »

Bank of Maharashtra’s Q1FY24 net profit vaults 95% to ₹882 crore

Net interest income of the public sector bank was up 39 per cent y-o-y at ₹2,340 crore

from | The HinduBusinessLine https://ift.tt/ENzq5u6

Read more »

Cognizant and Max Life Insurance collaborate to launch an innovation and development centre

The centre aims to drive product innovations, enhance customer experiences, and lead operational excellence for Max Life

from | The HinduBusinessLine https://ift.tt/9lzkWKy

Read more »

Consensus on development bank reform a gain at G20 meet: Govt

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lH1OqfG

Read more »

ICICI Lombard Q1 PAT rises 12% on premium income growth

ICICI Lombard’s GDPI rises 18.9% to ₹6,387 crore, higher than the industry growth of 17.9%

from | The HinduBusinessLine https://ift.tt/qblhXcT

Read more »

Rajay Kumar Sinha takes charge as SBICAPS chief

Rajay Kumar Sinha, who joined SBI in 1991 as a Probationary Officer, has replaced Amitava Chatterjee

from | The HinduBusinessLine https://ift.tt/vHfhxEF

Read more »

Nabard employees, management ink supplementary wage agreement to ‘rectify anomaly’

Anomaly was in respect of grade allowances admissible to workmen employees

from | The HinduBusinessLine https://ift.tt/7EyGHrg

Read more »

Adani’s go-to bankers at Barclays turn cautious after Hindenburg

Executives at the highest levels are scrutinising ties with Adani, turning more cautious about adding new business pending a regulatory probe that’s supposed to end next month

from | The HinduBusinessLine https://ift.tt/CKEjYGF

Read more »

HDFC Bank profit grows 30% to ₹12 k crore in June quarter

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0IHC7fa

Read more »

Digital currency pilot gains pace; SBI, HDFC Bank step up campaigns

CBDC, a legal tender issued by the Reserve Bank of India (RBI), is a form of digital token that represents the Indian rupee. It offers similar features to physical cash such as trust, safety, and settlement finality

from | The HinduBusinessLine https://ift.tt/fOh95tb

Read more »

US stand on development banks may boost support for reforms

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/E2RDGNe

Read more »

Banque Saudi Fransi implements TCS BaNCS for payments

Tata Consultancy Services’ BaNCS has centralised and standardised BSF’s domestic and international payments operations

from | The HinduBusinessLine https://ift.tt/01L5R6Y

Read more »

Chola MS Insurance appointed lead insurer for Bengal

Chola MS to offer a range of insurance products and services to all subdivisions in the state through its HQ in Kolkata

from | The HinduBusinessLine https://ift.tt/wEFemUk

Read more »

World Bank Chief Banga calls for change in the vision on poverty

World Bank should amend its vision to go from just being poverty-focused to saying ‘yes, we want to create a world that is free of poverty but we have to be on a liveable planet’

from | The HinduBusinessLine https://ift.tt/FURuGMJ

Read more »

‘$1 equity by US in development banks can boost lending by $90’

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xMfqGBd

Read more »

DICGC asks insured banks to display its logo, QR code on website

The move is to increase awareness of deposit insurance

from | The HinduBusinessLine https://ift.tt/W2qFSap

Read more »

PSBs to step up one-time settlement in written-off loans to meet 40% recovery target set by FinMin, RBI

PSBs could recover only ₹1.03-lakh crore from written-off loans aggregating ₹7.34-lakh crore in the last five years ended March 2022

from | The HinduBusinessLine https://ift.tt/aYrObR1

Read more »

FSIB firms up Panel for ED appointments in Public Sector Banks

Panel for FY’23-24 to comprise of 16 members; ED vacancies to be filled from this Panel

from | The HinduBusinessLine https://ift.tt/RPv1Ybn

Read more »