Search result for 'asset quality'

PSBs Capacity Building, Capital Raising: DFS Secy

March 17, 2025 21:03

DFS Secy Nagaraju emphasizes capacity building, timely capital raising, and efficient resource allocation for PSBs, urging collaboration in areas like cybersecurity and fintech.

India's GDP to Exceed 6.5% in FY26: Moody's

March 12, 2025 13:20

Moody's projects India's GDP growth to exceed 6.5% in FY26, driven by government spending, tax cuts, and interest rate reductions. The agency expects moderate asset quality deterioration in Indian...

Fitch Affirms Union Bank, PNB Ratings at BBB- with Stable Outlook

March 11, 2025 17:26

Fitch Ratings affirms Union Bank of India and Punjab National Bank ratings at 'BBB-' with stable outlook, citing government support, improved risk profile and asset quality.

Sitharaman: Banking Sector Must Innovate Amid Global Changes

March 8, 2025 17:33

Finance Minister Nirmala Sitharaman urges India's banking sector, particularly SBI, to embrace innovation, technology, sustainability, and inclusivity to navigate the changing global landscape.

Women Borrowers Outpace Men in 2024: Report

March 6, 2025 18:46

A new report reveals women borrowers outpaced men in 2024, demonstrating better repayment behavior and higher growth in active loans. Learn more about the trends in women's borrowing and lending.

MFI Portfolio De-grows 3.53% in Q3, Asset Quality Stressed

February 25, 2025 20:22

Microfinance outstanding declined by 3.53% in Q3, with asset quality stress intensifying, as per MFIN report. Loan slippages are expected to peak, and liquidity and credit quality are expected to...

FinMin Defers PSU Bank Review Meeting to Mar 5

February 25, 2025 20:02

India's Finance Ministry has postponed a review meeting with heads of public sector banks to March 5th. The meeting will assess financial performance and financial inclusion schemes.

IIFL Finance Asset Quality, Profit Challenges: Fitch

February 24, 2025 17:00

Fitch Ratings highlights challenges for IIFL Finance due to weakening loan quality and narrow interest spreads, impacting near-term performance and ratings.

FinMin to Review PSB Performance on Mar 4

February 20, 2025 18:58

India's finance ministry will meet public sector bank heads on March 4 to review financial performance, including record profits and progress on financial inclusion schemes.

PNB Reports Rs 270.57 Crore Loan Fraud by Gupta Power Infrastructure

February 18, 2025 21:08

Punjab National Bank (PNB) has reported a Rs 270.57 crore loan fraud by Gupta Power Infrastructure Ltd. The fraud, involving a non-performing asset account, was reported to the Reserve Bank of India.

Northern Arc Q3 Profit Flat at Rs 76 Crore - Business News

February 14, 2025 20:05

Northern Arc Capital reported a flat consolidated net profit of Rs 76 crore in Q3 FY2025, with total income rising to Rs 581 crore. The lender's gross NPAs stood at 0.9% and net NPAs at 0.37% as of...

M''M Q3 Profit Jumps 20% to Rs 3,181 Crore

February 7, 2025 14:30

Mahindra ''Mahindra Ltd's Q3 profit surged 20% to Rs 3,181 crore, driven by strong performance in auto and farm sectors. Revenue also grew by 17% to Rs 41,470 crore.

State-Owned Banks Record Rs 1.29 Lakh Cr Profit: Key Highlights

February 6, 2025 20:44

Indian public sector banks (PSBs) have posted a record Rs 1.29 lakh crore profit in April-December 2022, driven by improved asset quality, strong credit growth, and adequate capital buffers.

SBI Q3 Profit Soars 84% to Rs 16,891 Cr

February 6, 2025 18:19

State Bank of India (SBI) reported a strong 84% jump in its December quarter net profit, driven by a lower base and robust loan growth. However, NIMs narrowed slightly.

SBI Q3 Profit Surges 84% to Rs 16,891 Cr

February 6, 2025 14:33

SBI reports an 84% jump in standalone net profit to Rs 16,891 crore in Q3 FY24, driven by strong growth in interest income and improvement in asset quality. The bank's gross NPAs moderated to 2.07%...

PNB Stock Surges 5% on Q3 Profit Surge

January 31, 2025 17:38

PNB stock price jumped over 5% after the bank reported a more than doubled net profit of Rs 4,508 crore for the December quarter. The bank's asset quality also improved.

PNB Q3 Profit Surges Over 100% to Rs 4,508 Cr

January 31, 2025 14:08

Punjab National Bank (PNB) reported a significant jump in net profit for the third quarter ended December 2024, driven by improved asset quality and higher interest income.

BoB Profit Rises 5.6% to Rs 4,837 Cr in Dec Quarter

January 30, 2025 17:13

Bank of Baroda (BoB) reported a 5.6% increase in net profit to Rs 4,837 crore in the December quarter, with total income rising to Rs 34,676 crore. Asset quality improved with gross NPAs falling...

Indian Bank Q3 Profit Surges 35% to Rs 2,852 Cr

January 29, 2025 15:51

Indian Bank reported a 35% rise in net profit for the third quarter of FY2025, reaching Rs 2,852 crore. The bank's core income growth contributed to the surge, with total income increasing to Rs...

Mahindra Finance Q3 Profit Jumps 63% to Rs 899 Cr

January 28, 2025 20:27

Mahindra Finance reports a strong Q3 performance with a 63% rise in profit to Rs 899 crore, driven by festive season demand and robust asset growth.

Federal Bank Q3 Profit Down 5% to Rs 955 Crore

January 27, 2025 22:07

Federal Bank's net profit fell 5% to Rs 955 crore in Q3 FY25, while total income rose to Rs 7,725 crore. The bank also reported improved asset quality with a decline in NPAs.

Union Bank of India Q3 Profit Surges 28% to Rs 4,604 Cr

January 27, 2025 21:33

Union Bank of India's net profit for Q3 FY25 jumped 28% to Rs 4,604 crore, driven by improved core income and asset quality. Gross NPAs declined to 3.8%.

ICICI Bank Q3 Profit Surges 15% to Rs 11,792 Cr

January 25, 2025 20:59

ICICI Bank's standalone net profit rose 15% to Rs 11,792 crore in Q3 FY25, driven by improved interest income and core operating profit. Asset quality also improved.

IDFC First Bank Q3 Profit Drops 53% on Higher Provisions

January 25, 2025 17:45

IDFC First Bank reported a 53% decline in net profit for the third quarter ended December 2024, driven by increased provisions due to higher loan slippages. Total income rose, but asset quality...

ICICI Bank Q3 Profit Surges 15% to Rs 11,792 cr

January 25, 2025 15:02

ICICI Bank reported a 15% increase in standalone net profit for Q3 FY2025, reaching Rs 11,792 crore. The bank's asset quality improved, with gross NPAs falling to 1.96%.

Yes Bank Q3 Profit Surges to Rs 612 Cr

January 25, 2025 13:47

Yes Bank's net profit for Q3 FY2024 jumped nearly threefold to Rs 612 crore, driven by lower provisions for bad loans and increased interest income. The bank's asset quality also improved.

Ujjivan Small Finance Bank Stock Drops After Q3 Earnings

January 24, 2025 18:52

Ujjivan Small Finance Bank shares fell over 4% after reporting a 64% decline in net profit for the third quarter, driven by rising provisions for bad loans. Learn more.

Bank of India Q3 Profit Jumps 35% to Rs 2,517 Cr

January 24, 2025 17:50

Bank of India's net profit surged by 35% to Rs 2,517 crore in Q3 FY25, driven by lower bad loans. Total income rose to Rs 19,957 crore.

AU Small Finance Bank Q3 Profit Surges 41% to Rs 528 Cr

January 24, 2025 16:16

AU Small Finance Bank reported a 41% jump in Q3 profit to Rs 528 crore, driven by increased interest income. Gross NPAs rose to 2.31% from 1.98% a year ago.

Ujjivan Small Finance Bank Q3 Profit Down 64% to Rs 109 cr

January 23, 2025 20:19

Ujjivan Small Finance Bank's Q3 net profit fell 64% to Rs 109 crore due to higher bad loan provisions. Total income rose to Rs 1,763 crore. The bank's asset quality deteriorated with NPAs rising...

HDFC Bank Q3 Profit Up 2.3%, Loan Growth Slows

January 22, 2025 20:03

HDFC Bank's Q3 profit rose 2.3% to Rs 17,657 crore, but loan growth slowed. The bank is focusing on strengthening its balance sheet and growing retail assets.

HDFC Bank Q3 Profit Rises Slightly to Rs 16,736 Cr

January 22, 2025 16:46

HDFC Bank reported a marginal rise in net profit for the third quarter of FY25, reaching Rs 16,736 crore. Total income also increased, but consolidated income declined. The bank's asset quality...

UCO Bank Q3FY'25 Net Profit Rises 27% to Rs 638.8 Crore

January 21, 2025 14:47

UCO Bank reported a 27.1% YoY increase in net profit to Rs 638.83 crore for Q3FY'25. Total income grew 15.5% to Rs 7,405.89 crore. Asset quality improved with gross NPA ratio declining to 2.91%.

UCO Bank Q3 Profit Surges 27% to Rs 639 Cr

January 21, 2025 14:42

UCO Bank's net profit for Q3 FY25 jumped 27% to Rs 639 crore, driven by strong operating performance and improved asset quality. The bank's gross NPAs declined to 2.91% and net NPAs to 0.63%.

Central Bank of India Q3 Profit Jumps 33% to Rs 959 Crore

January 20, 2025 15:23

Central Bank of India's Q3 profit surged by 33% to Rs 959 crore, driven by increased income and improved asset quality. The bank also secured CCI approval for its acquisition of stakes in Future...

IOB Q3 Profit Jumps 21% on Lower Bad Loans

January 20, 2025 14:55

Indian Overseas Bank (IOB) reported a 21% increase in net profit to Rs 874 crore for Q3 FY25, driven by a decline in bad loans. Gross NPAs fell to 2.55% from 3.90% a year ago.

Punjab & Sind Bank to Raise Rs 2,000 Cr via QIP

January 19, 2025 13:41

Punjab & Sind Bank plans to raise Rs 2,000 crore via Qualified Institutional Placement (QIP) this quarter, reducing government holding and boosting capital adequacy ratio. The bank aims to raise a...

Kotak Bank Q3 Profit Up 10%, Capital Mkt Arms Aid - RBI Embargo Unclear

January 18, 2025 19:35

Kotak Mahindra Bank reported a 10% rise in Q3 profit, driven by capital markets arms. The bank is making progress on RBI's business restrictions, but there's no word on when the embargo will be...

Axis Bank Shares Plunge 5% After Earnings Miss

January 17, 2025 16:33

Axis Bank shares tumbled nearly 5% after its December quarter earnings failed to meet market expectations. The bank's net profit grew 4%, but asset quality pressures from the retail segment...

Axis Bank Shares Plunge 6% After Weak Earnings

January 17, 2025 10:57

Axis Bank shares tumbled nearly 6% on Friday after its December quarter earnings missed expectations. Asset quality pressures from the retail segment impacted the bank's profit growth.

Axis Bank Q3 Profit Up 4%, Loan Growth Slows

January 16, 2025 20:52

Axis Bank's Q3 profit rose 4% to Rs 6,304 crore, driven by higher provisions and slower loan growth. Retail segment asset quality pressures impacted the results.

SFB NPAs to Rise, Loan Growth to Slow in FY25: Icra

January 15, 2025 20:57

Icra forecasts an increase in SFB NPAs and a slower loan growth rate in FY25, citing concerns in the microfinance sector. Asset growth is expected to slow to 18-20%, down from 24% in FY24.

Punjab & Sind Bank Q3 Profit Doubles to Rs 282 Cr

January 15, 2025 18:34

Punjab & Sind Bank reported a more than two-fold jump in its net profit to Rs 282 crore in the December 2024 quarter, driven by a decline in bad loans. The bank's total income also increased during...

IOB to Sell Rs 11,500 Crore NPAs to ARCs

January 9, 2025 20:49

Indian Overseas Bank (IOB) is selling Rs 11,500 crore of non-performing assets (NPAs) to asset reconstruction companies (ARCs). The sale will be conducted through an e-auction on a portfolio basis.

MFI Portfolio Declines, Bad Assets Rise in Sept Quarter: Report

January 8, 2025 15:18

Microlending outstandings fell 4.3% in the September quarter as lenders became cautious due to deteriorating asset quality. Delinquencies spiked across ticket sizes and lender types, particularly...

Bank Profits to Moderate in FY26 as Bad Assets Rise: Ind-Ra

January 7, 2025 16:45

Indian bank profitability is expected to moderate in FY26 due to rising bad assets, according to India Ratings and Research. Unsecured retail loans are a key concern, but overall impact is...

Securitisation Volumes Surge 80% in Q3: Icra

January 6, 2025 19:21

Securitisation volumes in India jumped 80% in Q3 FY25, driven by private sector banks. Icra expects FY25 volumes to reach Rs 2.4 lakh crore, up from earlier estimates.

Credit Growth to Slow in FY26: ICRA

January 2, 2025 20:13

ICRA forecasts credit growth to moderate to 9.7-10.3% in FY26, citing high CD ratio and LCR changes. The report also highlights impact on banking sector margins and asset quality.

Bank NPAs at 12-Year Low: RBI Report

December 30, 2024 18:06

RBI reports bank asset quality improved, with GNPA ratio reaching a 12-year low of 2.6% in September 2024. Read about the key factors driving this positive trend.

PSU Banks Profit: Rs 1.5 Lakh Cr Forecast, Deposit Concerns

December 27, 2024 11:01

Public sector banks (PSBs) in India are projected to exceed Rs 1.5 lakh crore in profit for FY'25, driven by low NPAs and credit growth. However, slow deposit mobilization remains a concern.

Bank Profitability Rises for 6th Year: RBI Report

December 26, 2024 18:58

RBI reports Indian banks'' profitability rose for the 6th consecutive year in FY24, with NPAs at a 13-year low. Read more.

PSB NPAs Decline to Decade Low: FinMin

December 12, 2024 17:57

Gross non-performing assets (NPAs) of public sector banks (PSBs) have declined to a decade low of 3.12% in September 2024, driven by government measures like the 4Rs strategy.

Punjab & Sind Bank to Raise Rs 3,000 Cr from Infrastructure Bonds

December 12, 2024 11:36

Punjab & Sind Bank plans to raise Rs 3,000 crore from infrastructure bonds this month, aiming to boost its loan book and achieve 13-14% credit growth. The bank reported a 26% increase in net profit...

FM Rebuts Rahul Gandhi on Bank Reforms: Modi Govt. Focuses on Clean, Strong System

December 11, 2024 22:03

Finance Minister Nirmala Sitharaman defends state-owned banks against Rahul Gandhi's criticism, highlighting achievements under Modi government including recapitalization, financial inclusion and...

Shubham Housing Raises Rs 1,000 Cr Led by Multiples

December 10, 2024 20:14

Shubham Housing Development Finance secures Rs 1,000 crore funding led by Multiples Private Equity, with participation from ADB and BII. The funds will be used to expand operations and product...

MFI Disbursements Drop 10% in Q2: Credit Quality Concerns

December 9, 2024 19:31

Microfinance institutions saw a 10% drop in disbursements in Q2 as credit quality deteriorated. MFIN reports a rise in loan defaults and a cautious approach by lenders.

NBFC-MFIs Asset Growth to Moderate in FY25: Icra

December 5, 2024 19:41

NBFC-MFIs asset growth is expected to moderate to 5% in FY25 due to stricter lending norms, according to Icra. The report highlights challenges from borrower over-leveraging, socio-political...

NBFCs to Slow Asset Growth to 15% in FY25-26: Crisil

December 2, 2024 15:30

RBI regulations and asset quality concerns will limit NBFC asset growth to 15-17% in FY25-26, according to Crisil. This follows a 23% growth in FY24. Unsecured loans and microfinance segments are...

Indian Markets Tank 10% Amid FII Exodus, Weak Earnings

November 15, 2024 16:52

Indian stock markets have tumbled over 10% from record highs due to FII outflows, weak Q2 earnings, and elevated valuations. Experts weigh in on the factors driving the correction and outlook for...

Urban Cooperative Banks Need Digital Transformation - RBI

November 14, 2024 20:05

RBI Deputy Governor Swaminathan J emphasizes the need for urban cooperative banks to evolve digitally, addressing IT and cybersecurity concerns and improving liquidation processes to protect...

India Economy Projected to Grow 6.5-7% Annually Through 2027 - S&P

November 14, 2024 12:09

S&P Global Ratings forecasts India's economy to expand between 6.5-7% annually until 2027, driven by infrastructure spending and private consumption. The agency also expects strong asset...

BoI Q2 Profit Jumps 61% on Non-Core Income

November 11, 2024 20:54

Bank of India reported a 61% surge in Q2 profit, driven by strong non-core income. Core net interest income grew 4%, while advances rose 14.5%. The bank aims to expand its NIM to 2.90% by FY24.

IIFCL Plans Subsidiary for Asset-Backed Securities

November 10, 2024 14:09

India Infrastructure Finance Company Ltd (IIFCL) plans to establish a subsidiary to issue asset-backed securities (ABS) and covered bonds, aiming to securitize its assets and conserve capital for...

Aptus Value Housing Reports Q2 Profit of Rs 181.96 Cr

November 5, 2024 17:04

Aptus Value Housing Finance India Ltd reported a profit of Rs 181.96 crore in Q2 FY25, driven by business growth and stable asset quality. The company's profit grew by 22% year-on-year.

Sundaram Finance Q2 PAT at Rs 340.09 cr - Business News

November 5, 2024 15:41

Sundaram Finance reported a Q2 PAT of Rs 340.09 crore, down from last year's Rs 366.38 crore. Assets under management grew by 20%.

SBI Card Q2 Profit Down 33% to Rs 404 Cr

October 29, 2024 17:41

SBI Card's net profit fell 33% to Rs 404 crore in Q2 FY24 due to rising delinquency. Total income rose 8% to Rs 4,556 crore. Gross NPAs increased to 3.27% from 2.43% a year earlier.

Canara Bank Q2 Profit Up 11% to Rs 4,015 Crore

October 29, 2024 13:30

Canara Bank reported an 11% rise in Q2 net profit to Rs 4,015 crore, driven by improved asset quality and higher interest income. Gross NPAs declined to 3.73% from 4.76% a year ago.

Federal Bank Shares Surge 8% After Q2 Earnings

October 29, 2024 11:22

Federal Bank shares climbed 8% on Tuesday after the lender reported an 11% rise in net profit for the September quarter. The bank also saw improvement in asset quality.

Federal Bank Q2 Profit Rises 11% to Rs 1,057 Cr

October 28, 2024 20:42

Federal Bank reported an 11% increase in net profit to Rs 1,057 crore in Q2 FY25, driven by strong interest income and improved asset quality. Learn more about the bank's financial performance.

LIC Housing Finance Q2 Profit Rises 11% | Latest News

October 28, 2024 20:21

LIC Housing Finance reported an 11% rise in Q2 profit to Rs 1,324 crore. Despite a decline in core net interest income, the company aims to increase higher yield assets and improve NIMs.

PNB Shares Surge Over 3% on Profit Jump

October 28, 2024 18:39

Punjab National Bank (PNB) shares climbed over 3% after reporting a more than two-fold increase in profit for the September quarter. The bank's net profit rose to Rs 4,306 crore, driven by strong...

Indian Bank Q2 Profit Jumps 36% to Rs 2,707 Cr

October 28, 2024 15:13

Indian Bank reported a 36% surge in Q2 profit to Rs 2,707 crore, driven by increased income and improved asset quality. Gross NPAs declined to 3.48% and net NPAs to 0.27%.

PNB Profit Surges 200% to Rs 4,306 Cr in Q2 | Business News

October 28, 2024 14:53

Punjab National Bank (PNB) reported a more than two-fold jump in its profit for the second quarter of FY25, reaching Rs 4,306 crore, driven by improved asset quality and higher interest income.

ICICI Bank Shares Surge 3% on Strong Q2 Earnings

October 28, 2024 10:15

ICICI Bank shares climbed over 3% after the private sector lender reported a 14.5% rise in standalone profit for the second quarter ended September 30, 2024. The bank also witnessed improvement in...

IDFC First Bank Q2 Profit Down 73% to Rs 201 Cr

October 26, 2024 20:19

IDFC First Bank reported a 73% decline in standalone profit to Rs 11,746 crore in Q2 FY25, with total income rising to Rs 10,684 crore. The bank witnessed improvement in asset quality with gross...

ICICI Bank Q2 Profit Up 14.5% to Rs 11,746 Crore

October 26, 2024 14:26

ICICI Bank reported a 14.5% rise in standalone profit for Q2 FY25, reaching Rs 11,746 crore. Total income also grew, driven by increased interest income and improved asset quality.

Societe Generale Sells IndusInd Bank Stake for Rs 421 Crore

October 25, 2024 19:31

Societe Generale has sold its 0.50% stake in IndusInd Bank for Rs 421 crore through an open market transaction. The shares were disposed of at an average price of Rs 1,070.61 apiece.

Shriram Finance Q2 Profit Up 20% to Rs 2,153 Cr: Share Split Approved

October 25, 2024 19:20

Shriram Finance reports a 20% increase in Q2 profit to Rs 2,153 crore, with total income rising to Rs 10,097 crore. The board approved a share split of 1:5 and an interim dividend of 220%.

BoB Net Profit Jumps 23% to Rs 5,238 Cr in Q2 FY25

October 25, 2024 18:01

Bank of Baroda (BoB) reported a strong 23% rise in net profit to Rs 5,238 crore in the September quarter, driven by growth in interest income and improved asset quality.

Market Crash Wipes Out Rs 6.80 Lakh Cr: IndusInd Bank Leads Fall

October 25, 2024 17:44

Indian equity markets plunged on Friday, eroding investors' wealth by Rs 6.80 lakh crore. IndusInd Bank shares tumbled after a profit decline, while foreign fund outflows continued.

Bank Credit Growth to Moderate to 12% in FY25: Icra

October 25, 2024 16:33

Icra forecasts a slowdown in credit growth for banks and NBFCs in FY25 due to regulatory measures and tighter funding conditions. Bank credit growth is expected to moderate to 12% YoY, while NBFC...

Bandhan Bank Q2 Profit Surges 30% to Rs 937 cr

October 25, 2024 16:17

Bandhan Bank's net profit for Q2 FY25 rose 30% to Rs 937 crore, driven by increased interest income and improved asset quality. Learn more.

Sensex, Nifty Plunge Amid IndusInd Bank Fall, Outflows

October 25, 2024 16:12

Sensex and Nifty tanked on Friday, driven by a sharp decline in IndusInd Bank, concerns over asset quality, and foreign fund outflows. The BSE Sensex closed at 79,402.29, while the NSE Nifty ended...

J&K Bank Q2 Profit Surges 45% to Rs 551 Cr

October 25, 2024 15:56

J&K Bank reports a 45% jump in Q2 profit to Rs 551 crore, driven by increased income and improved asset quality. Gross NPAs fell to 3.95% from 5.26% a year ago.

IDBI Bank Q2 Profit Surges 39% to Rs 1,836 cr - Business News

October 25, 2024 15:24

IDBI Bank's net profit jumped 39% to Rs 1,836 crore in Q2 FY25, driven by improved interest income and asset quality. Learn more about the bank's performance.

Indian Stock Market Slumps: Investors Lose Rs 7.15 Lakh Crore

October 25, 2024 12:16

Indian equity markets tumbled on Friday, wiping out Rs 7.15 lakh crore of investor wealth. The decline was driven by a sharp fall in IndusInd Bank shares and continued foreign fund outflows.

IndusInd Bank Shares Plunge 17% on Disappointing Earnings

October 25, 2024 10:26

IndusInd Bank shares tumbled 17% after reporting a 40% decline in net profit for the September quarter. The stock hit a 52-week low, eroding the company's market valuation by Rs 15,572 crore.

India Stock Market: IndusInd Bank Drags Sensex Down, FIIs Sell | PTI

October 25, 2024 10:05

Indian stock markets fell on Friday, led by a sharp decline in IndusInd Bank shares and persistent foreign fund outflows. The Sensex closed lower, while the Nifty also declined.

IndusInd Bank Q2 Profit Down 40% to Rs 1,331 cr

October 24, 2024 16:33

IndusInd Bank reported a 40% decline in net profit for Q2 FY25, reaching Rs 1,331 crore. Total income rose, but asset quality deteriorated, with gross NPAs increasing to 2.11%.

Ujjivan Small Finance Bank Q2 Profit Down 29% to Rs 233 Cr

October 24, 2024 16:13

Ujjivan Small Finance Bank's net profit declined 29% to Rs 233 crore in Q2 FY25, while total income rose. Gross NPAs increased but net NPAs fell.

CSB Bank Q2 Profit Flat at Rs 138 cr: Key Highlights

October 24, 2024 16:09

CSB Bank reported a marginal profit increase to Rs 138 crore in Q2 FY25. Total income rose, but asset quality deteriorated with NPAs increasing. Read more about the bank's performance.

AU Small Finance Bank Q2 Profit Surges 42% to Rs 571 Cr

October 23, 2024 19:38

AU Small Finance Bank reported a 42% jump in net profit for Q2 FY25, driven by higher interest income. Total income rose to Rs 4,549 crore. However, asset quality deteriorated with NPAs rising.

Piramal Enterprises Q2 Profit Triples, Flags Credit Risks

October 23, 2024 18:47

Piramal Enterprises Q2 profit tripled to Rs 163 crore, but the company flagged risks from the precarious credit environment. The lender's net interest income rose 17%, and recoveries from alternate...

RBI Gold Loan Rules: Impact on Growth & Delinquencies - Crisil

October 22, 2024 20:16

Crisil predicts RBI's new gold loan regulations could slow down loan growth and lead to higher delinquencies in the near term, but ultimately believes credit losses will remain under control.

MFI Loans Decline, NPAs Rise in June Quarter: Report

October 22, 2024 19:56

MFI loan portfolio shrunk by 2.3% in Q1 FY25, while NPAs surged, according to a Crif High Mark report. Over-leveraging is blamed for asset quality issues.

Bajaj Finance Q2 Profit Rises 13% to Rs 4,014 Cr

October 22, 2024 19:12

Bajaj Finance Ltd reported a 13% rise in consolidated net profit to Rs 4,014 crore for Q2 FY25, driven by a surge in income. However, asset quality worsened with NPAs rising.

India Poised for Growth Amid Global Challenges - Sitharaman

October 22, 2024 10:30

Finance Minister Nirmala Sitharaman highlights India's economic resilience and growth prospects amidst global uncertainty, emphasizing its potential to capitalize on new opportunities.

Union Bank Q2 Profit Surges 34% to Rs 4,720 cr

October 21, 2024 21:25

Union Bank of India's net profit jumped 34% to Rs 4,720 crore in Q2 FY25, driven by strong growth in total income. Gross NPAs declined to 4.36%.

Bajaj Housing Finance Q2 Profit Up 21% to Rs 546 Crore

October 21, 2024 19:11

Bajaj Housing Finance reported a 21% rise in net profit to Rs 546 crore in Q2 FY25. Total income increased to Rs 2,410 crore, while asset quality deteriorated.

RBL Bank Shares Plunge 14% After Disappointing Earnings

October 21, 2024 18:24

RBL Bank shares tanked over 14% on Monday after the firm reported a 24% decline in net profit in the September quarter, driven by credit card and micro-lending challenges.

RBL Bank Shares Plunge 14% on Earnings Miss

October 21, 2024 12:00

RBL Bank shares tanked 14% after reporting a 24% decline in net profit for the September quarter, driven by asset quality challenges in credit cards and microlending.

UCO Bank Q2FY'24: Bad Loan Recovery Improves via NCLT

October 20, 2024 18:00

UCO Bank recovers Rs 414 crore from bad loans through the NCLT mechanism in Q2FY'24, with significant improvement in asset quality. Gross NPA ratio falls to 3.18%, while domestic advances rise...

Punjab & Sind Bank Q2 Profit Surges 26% to Rs 240 cr

October 19, 2024 19:51

Punjab & Sind Bank's net profit jumped 26% to Rs 240 crore in Q2 FY25, driven by a decline in bad loans. Total income also increased, with improved asset quality.

RBL Bank Q2 Profit Down 24% on Credit Card, MFI Stress

October 19, 2024 16:17

RBL Bank's Q2 net profit declined 24% due to asset quality challenges from credit cards and microfinance. The bank expects stress on the credit card book to subside by the end of Q3, but challenges...

HDFC Bank Q2 Profit Up 5% to Rs 16,821 cr - Business News

October 19, 2024 14:49

HDFC Bank's standalone profit rose 5% to Rs 16,821 crore in Q2 FY25, driven by increased interest income and net interest income. Learn more about the bank's financial performance.

L&T Finance Q2 Profit Up 17%, Challenges Ahead

October 18, 2024 21:29

L&T Finance reported a 17% rise in Q2 net profit to Rs 696 crore, but expects challenges in the next six months due to sectoral headwinds and a volatile macro environment.

Bajaj Finance Receives Investment Grade Rating from Moody's

October 18, 2024 12:19

Moody's has assigned a Baa3 rating with stable outlook to Bajaj Finance Ltd, recognizing its strong franchise, diversified loan book, and competitive funding costs.

Karur Vysya Bank Q2 Net Profit Up 25.13% at Rs 473.60 cr

October 17, 2024 19:40

Karur Vysya Bank reported a 25.13% increase in Q2 net profit, reaching Rs 473.60 crore. Total income also saw a significant rise. Learn more about the bank's performance and key financial highlights.

Axis Bank Q2 Profit Surges 18% to Rs 6,918 Cr

October 17, 2024 16:14

Axis Bank's net profit rose 18% to Rs 6,918 crore in Q2 FY25, driven by strong loan growth and improved asset quality. Gross NPAs fell to 1.44% and net NPAs to 0.34%.

Indian Overseas Bank Q2 Profit Jumps 24% to Rs 777 Cr

October 17, 2024 15:39

Indian Overseas Bank (IOB) reported a 24% rise in net profit to Rs 777 crore in Q2 FY25, driven by strong asset quality improvement and higher interest income. Gross NPAs declined to 2.72% from...

South Indian Bank Q2 Profit Up 18%, Automation Cuts Jobs

October 16, 2024 20:27

South Indian Bank reported an 18% rise in Q2 net profit to Rs 325 crore, driven by treasury and forex gains. The bank also saw a decline in employee base due to automation.

Bank of Maharashtra Q2 Profit Surges 44% to Rs 1,327 Crore

October 15, 2024 15:52

Bank of Maharashtra (BoM) reported a 44% jump in its Q2 profit to Rs 1,327 crore, driven by strong interest income and improved asset quality. The lender's NIM also increased to 3.98%, the highest...

Small Finance Bank Profitability to Decline in FY25: Crisil

October 11, 2024 16:28

Crisil predicts a decline in profitability for small finance banks (SFBs) in FY25, citing lower net interest margins (NIM) and rising credit costs. SFBs are expected to diversify towards secured...

Indian Regulators Praised for Transparency by FM

October 8, 2024 20:40

Finance Minister Nirmala Sitharaman commends Indian financial sector regulators for their work, highlighting their transparency and contributions. She also addresses concerns about regulatory...

MFIN Tightens Underwriting for Lenders Amid Over-Indebtedness

October 8, 2024 16:20

MFIN, the microfinance industry's self-regulatory body, has tightened loan underwriting guidelines to address concerns about over-indebtedness among borrowers. The revised guidelines aim to ensure...

Securitisation Volumes Surge to Rs 60k cr in Q2, FY25 Forecast

October 7, 2024 21:19

Securitisation volumes in India are projected to reach Rs 60,000 crore in Q2 FY24, driven by private banks and NBFCs seeking to manage liquidity and asset quality. Learn more about the trend and...

India's Living Standard to Rise Steeply: FM

October 4, 2024 11:08

Finance Minister Nirmala Sitharaman predicts a significant rise in India's living standards in the coming decades, driven by economic reforms. The country is projected to nearly double its per...

Groww Creditserv Gets A/A1 Rating from ICRA

October 3, 2024 21:33

Groww Creditserv Technology Pvt Ltd (GCS), the lending arm of Groww Group, has received an 'A/A1' rating from ICRA, reflecting its strong financial standing and growth prospects.

MFIs: Asset Quality & Loan Growth Hit by Lending Limit

October 3, 2024 20:56

Utkarsh Small Finance Bank CEO discusses impact of limiting lending relationships to 4 on asset quality and loan growth. The move is aimed at improving credit discipline in the microfinance industry.

GNPAs to Hit Decadal Low in FY25: Crisil

October 1, 2024 17:24

India's banking system is poised for improved asset quality, with GNPAs expected to drop to 2.5% in FY25. However, Crisil flags concerns around unsecured loans and MFIs.

HDB Financial Services Prepares for IPO: RBI Listing Requirement

September 28, 2024 12:48

HDB Financial Services, an upper layer NBFC, is gearing up for an IPO to comply with RBI's listing requirements. The IPO is expected to include a fresh issue of shares and an offer for sale by...

EQT Acquires Indostar Home Finance for Rs 1,750 Crore

September 20, 2024 13:02

Private equity firm EQT has acquired Indostar Home Finance for Rs 1,750 crore. The deal will see EQT invest Rs 500 crore to expand the company's geographic footprint and accelerate its digital...

Microfinance Delinquencies to Hike NBFC-MFI Credit Cost: ICRA

September 4, 2024 15:48

ICRA reports rising delinquencies in the microfinance sector will increase NBFC-MFI credit cost to 320-340 bps in 2024-25, impacting asset quality and earnings.

FPIs Invest Rs 11,366 cr in Debt Market, Total Inflow Crosses Rs 1 Lakh cr in 2024

August 25, 2024 11:11

Foreign portfolio investors (FPIs) poured Rs 11,366 crore into India's debt market in August, pushing the total inflow for 2024 past Rs 1 lakh crore. This strong buying interest is attributed to...

RRBs to Devise Products for MSME Clusters: FM

August 19, 2024 19:39

Finance Minister Nirmala Sitharaman urges Regional Rural Banks (RRBs) to create products tailored to MSME clusters, promoting financial inclusion and credit access to small and micro enterprises.

Finance Minister Urges PSBs to Boost Deposit Growth

August 19, 2024 17:12

India's Finance Minister Nirmala Sitharaman met with public sector banks to address concerns over deposit growth, urging them to improve deposit mobilization and introduce innovative products.

India Shelter Finance Q1 Profit Surges 77% - Rs 84 Crore

August 8, 2024 21:18

India Shelter Finance Corporation reported a 77% YoY surge in Q1 FY25 profit to Rs 84 crore, driven by strong AUM growth and increased disbursements. The company's AUM rose 37% to Rs 6,509 crore.

IIFL Finance Q1 Profit Down 28% to Rs 338 Cr - RBI Gold Loan Ban Impact

August 6, 2024 20:06

IIFL Finance reports a 28% decline in Q1 FY25 profit to Rs 338 crore, attributed to the RBI ban on its gold loan business. Total income rose, but expenses and NPAs increased.

Utkarsh Small Finance Bank Q1 Profit Surges 28% to Rs 137 Crore

August 3, 2024 19:43

Utkarsh Small Finance Bank reported a 28% jump in its Q1 profit to Rs 137 crore, driven by strong interest income and improved asset quality. Gross NPAs declined to 2.78% from 3.13% a year ago.

LIC Housing Q1 Profit Down 2% to Rs 1,300 Cr

August 2, 2024 21:04

LIC Housing Finance's profit declined 2% to Rs 1,300 crore in Q1 FY24, while total income rose. Gross NPAs improved to 3.29%.

Aptus Value Housing Q1 PAT Up 21% to Rs 171.74 cr

August 1, 2024 17:05

Aptus Value Housing Finance reported a consolidated profit after tax of Rs 171.74 crore in Q1 FY25, driven by business growth, stable asset quality, and higher productivity.

Bank of Baroda Q1 Profit Rises 6% on Loan Growth

July 31, 2024 19:05

Bank of Baroda's net profit for the June quarter rose 6.19% to Rs 4,727.81 crore as the bank calibrated loan growth. Read more.

Mahindra Q1 Profit Up 20% to Rs 3,283 Crore | Revenue at Rs 37,218 Crore

July 31, 2024 16:45

Mahindra & Mahindra reports a 20% rise in Q1 net profit to Rs 3,283 crore, driven by strong performance across businesses. Revenue climbs to Rs 37,218 crore.

Mahindra Q1 Profit Surges 20% to Rs 3,283 Crore | Revenue Up 10%

July 31, 2024 13:57

Mahindra & Mahindra's net profit jumped 20% to Rs 3,283 crore in Q1 FY25, driven by strong performance across its businesses. Revenue rose 10% to Rs 37,218 crore.

CSB Bank Q1 Profit Down 14% to Rs 113 Crore - Bad Loans Rise

July 29, 2024 15:28

CSB Bank's net profit for Q1 FY24 declined by 14% to Rs 113 crore due to an increase in bad loans. Gross NPAs rose to 1.69% of gross advances.

Indian Bank Q1 Profit Jumps 41% to Rs 2,403 Cr

July 29, 2024 15:11

Indian Bank's net profit surged 41% to Rs 2,403 crore in the June quarter, driven by lower bad loans. Total income also rose, while asset quality improved.

Bandhan Bank Shares Surge 13% After Strong Q1 Earnings

July 29, 2024 11:22

Bandhan Bank shares rallied over 13% on Monday after the private lender reported a 47% jump in net profit for the June quarter, driven by improved asset quality.

Shriram Finance Q1 Profit Surges 19% to Rs 2,031 Cr

July 26, 2024 19:50

Shriram Finance Ltd reports a 19% rise in consolidated net profit to Rs 2,031 crore for the June quarter FY25. The company's asset quality also improved.

ESAF Small Finance Bank Q1 Profit Down 52% to Rs 63 Cr

July 26, 2024 18:37

ESAF Small Finance Bank reported a 52% decline in Q1 net profit to Rs 63 crore due to an increase in bad loans. Gross NPAs surged to 6.61% of gross advances, while total income rose to Rs 1,138 crore.

Punjab & Sind Bank Q1 Profit Rises 19% to Rs 182 Cr

July 26, 2024 17:42

Punjab & Sind Bank reported a 19% rise in net profit to Rs 182 crore in the June 2024 quarter, driven by a decline in bad loans. Total income also increased, while asset quality improved.

RBI Issues PCA Framework for Urban Cooperative Banks

July 26, 2024 17:18

The Reserve Bank of India (RBI) has issued a prompt corrective action (PCA) framework for urban cooperative banks (UCBs) aimed at enabling supervisory intervention at an appropriate time. The...

Bandhan Bank Q1 Profit Surges 47% to Rs 1,063 Cr

July 26, 2024 17:09

Bandhan Bank reported a 47% jump in net profit for the June 2024 quarter, reaching Rs 1,063 crore, driven by a decline in bad loans. The bank's total income and interest income also grew.

IndusInd Bank Q1 Profit Up 2% to Rs 2,171 cr

July 26, 2024 16:47

IndusInd Bank reported a 2% increase in net profit to Rs 2,171 crore for the first quarter ended June 30, 2024. Total income rose, but gross NPAs worsened.

AU Small Finance Bank to Apply for Universal Bank Licence

July 25, 2024 20:43

AU Small Finance Bank plans to apply for a universal bank license from RBI by August end, aiming to expand its operations and reach a wider customer base.

India's Financial System Stronger Than Before: RBI

July 25, 2024 19:18

RBI Deputy Governor Rajeshwar Rao highlights India's strong financial system and economic resilience amidst global challenges, emphasizing climate change risks and the need for a just transition.

AU Small Finance Bank Q1 Profit Surges 30% to Rs 502 cr

July 25, 2024 17:31

AU Small Finance Bank reported a 30% jump in its net profit to Rs 502 crore in Q1 FY24, driven by strong growth in interest income. The bank also plans to transition to a Universal Bank.

Canara Bank Q1 Profit Up 10% to Rs 3,905 Cr

July 25, 2024 14:07

Canara Bank's net profit rose 10% to Rs 3,905 crore in Q1 FY24, driven by lower bad loans. Total income also increased, while gross and net NPAs declined.

Axis Bank Stock Plunges 7% After Q1 Earnings

July 25, 2024 11:35

Axis Bank shares tumbled nearly 7% on Thursday after the bank's June quarter earnings disappointed investors, with concerns over asset quality. The stock emerged as the biggest laggard among Sensex...

Kotak Bank Q1 Profit Surges 79% on Insurance Stake Sale

July 20, 2024 19:30

Kotak Mahindra Bank reported a 79% jump in Q1 profit, driven by a stake sale in its insurance arm and strong subsidiary performance. RBI restrictions impacted standalone growth.

HDFC Bank Q1 Profit Dips: Lower Income, Higher Tax

July 20, 2024 19:07

HDFC Bank reported a 6.51% decline in Q1 profit due to lower other income and higher tax outgo. Non-interest income dipped 41.3%, while deposits rose 4.6%.

Kotak Mahindra Bank Q1 Profit Up 2% to Rs 3,520 cr - Business News

July 20, 2024 16:03

Kotak Mahindra Bank reported a 2% rise in net profit to Rs 3,520 crore for the first quarter ended June 2024. Read more about the bank's financial performance.

Yes Bank Q1 Profit Surges 46.7% on Lower Provisions

July 20, 2024 15:58

Yes Bank's net profit rose 46.7% in Q1 FY25, driven by lower provisions and strong loan growth. Deposits grew over 20%, and the bank targets 16-17% loan growth for FY25.

RBL Bank Q1 Net Profit Jumps 29% to Rs 372 cr

July 20, 2024 15:20

RBL Bank's net profit surged 29% to Rs 372 crore in Q1 FY24, driven by strong loan growth and deposit mobilization. Read more.

Union Bank Profit Up 13.7% to ₹3,679 Cr, Flags Margin Concerns

July 20, 2024 14:08

Union Bank of India's net profit rose 13.7% to ₹3,679 crore in Q1 FY24, but the bank flagged challenges on net interest margins due to higher deposit costs.

South Indian Bank Q1 Profit Soars 45% on Lower Provisions

July 18, 2024 21:18

South Indian Bank reported a 45.29% jump in Q1 net profit to Rs 294 crore, driven by lower provisions and strong loan growth. Read more.

Karur Vysya Bank Q1 Net Profit Up 27.86% to Rs 458.65 cr

July 18, 2024 19:08

Karur Vysya Bank reported a net profit of Rs 458.65 crore for the April-June 2024 quarter, up 27.86% YoY. Total income from operations grew to Rs 2,672.88 crore.

Bank of Maharashtra Shares Surge 6% on Q1 Earnings

July 15, 2024 16:51

Bank of Maharashtra shares rallied nearly 6% after reporting a 47% jump in net profit for the June quarter. The rise was driven by a decline in bad loans and improved interest income.

Bank of Maharashtra Q1 Profit Surges 47% to Rs 1,293 Cr

July 15, 2024 14:13

Bank of Maharashtra (BoM) reported a 47% jump in net profit for the June quarter, driven by lower bad loans and improved interest income. Total income also increased significantly.

RBI Governor Urges Banks to Strengthen Governance & Risk Management

July 3, 2024 19:14

RBI Governor Shaktikanta Das emphasizes the need for banks to further strengthen governance standards, risk management practices and compliance culture. The governor also discussed cybersecurity,...

Bank NPAs at 12-Year Low, May Fall Further: RBI

June 27, 2024 18:16

RBI report shows bank gross NPAs fell to a 12-year low in March 2024 and are expected to decline further to 2.5% by the end of the fiscal year.

InvITs Should Be Under Bankruptcy Law: SBI MD

June 21, 2024 16:44

SBI MD Ashwini Kumar Tewari calls for bringing InvITs under the Insolvency and Bankruptcy Code, citing concerns over lender recovery in case of defaults. He also suggests changes in NBFC lending...

Tata Steel UK Job Cuts Inevitable: CEO Narendran

June 2, 2024 11:15

Tata Steel CEO T V Narendran says job cuts in the UK are unavoidable as the company transitions to a low-emission electric arc furnace (EAF) process. The move is expected to reduce production costs...

Indian Banks & State Firms Outlook Revised to Positive - S&P Global

May 29, 2024 19:03

S&P Global Ratings has revised the outlook on six Indian banks, including SBI and ICICI Bank, to positive, mirroring the sovereign rating action. The outlook on state-owned NTPC, ONGC, and...

Sundaram Finance Q4 Net Profit: Rs 386 cr

May 24, 2024 19:06

Sundaram Finance reported a net profit of Rs 386 crore for Q4 FY24, with total disbursements reaching Rs 26,163 crore. Read more about the company's financial performance and outlook.

Indiabulls Housing Finance Q4 Profit Up 21% to Rs 319 Cr

May 24, 2024 18:59

Indiabulls Housing Finance reports a 21% increase in Q4 profit to Rs 319 crore, driven by revenue growth and improved asset quality. Gross NPAs declined to 2.69% in March 2024.

Karnataka Bank Q4 Profit Down 23% to Rs 274 Cr

May 24, 2024 18:14

Karnataka Bank reported a 23% decline in Q4 profit to Rs 274 crore due to a one-time staff cost increase. Gross NPAs moderated to 3.53% while net NPAs declined to 1.58% of advances.

Karur Vysya Bank to Open 100 New Branches in FY24

May 22, 2024 16:16

Karur Vysya Bank plans to open 100 new branches across India in the current financial year, aiming to expand its reach and boost its growth momentum.

Bank of Maharashtra Tops PSU Banks in FY24 Growth

May 19, 2024 12:45

Bank of Maharashtra recorded the highest growth in total business and deposits among PSBs in FY24, outperforming even SBI. BoM also leads in CASA growth and asset quality.

Bandhan Bank Q4 Net Dips, Asset Quality Improves

May 17, 2024 20:32

Bandhan Bank's net profit declined in Q4 due to higher provisioning and write-offs, but asset quality improved. Learn more about the bank's performance and outlook.

M&M Shares Surge 8% After Strong Earnings

May 17, 2024 10:36

Mahindra & Mahindra shares rallied nearly 8% on Friday, hitting a 52-week high after the company reported a 4% increase in consolidated profit for the March quarter.

LIC Housing Finance Aims for 10-12% Loan Growth in FY25

May 16, 2024 18:15

LIC Housing Finance aims to accelerate loan growth to 10-12% in FY25, focusing on affordable housing. The company also plans to increase its loan book to Rs 75,000 crore and maintain a net interest...

M&M Shares Surge 4% on Strong Q4 Earnings

May 16, 2024 16:35

Mahindra & Mahindra shares jumped nearly 4% after reporting a 4% rise in consolidated profit for the March quarter. The company's market capitalization also climbed by Rs 8,742 crore.

Mahindra Q4 Profit Rises 4% to Rs 2,754 Cr

May 16, 2024 14:18

Mahindra & Mahindra reported a 4% rise in Q4 profit to Rs 2,754 crore, driven by strong performance in auto and farm sectors. Revenue grew 9% to Rs 35,452 crore.

LIC Housing Finance Q4 Profit Down 7.5% to Rs 1091 cr

May 15, 2024 23:17

LIC Housing Finance reported a 7.5% decline in its Q4 profit to Rs 1,091 crore, but total income increased. Gross NPAs improved to 3.31% from 4.41%.

IIFCL Profit Surges 44% to Record Rs 1,552 Crore in FY24

May 15, 2024 13:27

India Infrastructure Finance Company Ltd (IIFCL) reported a 44% rise in net profit to Rs 1,552 crore in FY24, driven by increased lending and reduced bad loans.

PFC Q4 Profit Soars 23% to Rs 7,556 Crore

May 15, 2024 13:21

Power Finance Corporation (PFC) reported a 23% increase in consolidated net profit for the March quarter FY24, driven by growth in its loan portfolio. The company also saw a significant increase in...

Moody's Forecasts 6.6% GDP Growth for India in FY25

May 14, 2024 20:11

Moody's projects India's FY25 GDP growth at 6.6%, driven by strong credit demand. The agency also expects robust loan growth for NBFCs, despite rising funding costs.

Karur Vysya Bank Q4 Profit Rises 35% to Rs 456 cr

May 13, 2024 19:35

Karur Vysya Bank reported a 35% increase in net profit to Rs 456 crore in the March quarter, driven by strong growth in interest income and improved asset quality. Read more.

Exim Bank FY24 Profit Jumps 62% to Rs 2,518 Cr | Maldives Exposure Strong

May 13, 2024 16:57

Exim Bank reports a 62% surge in FY24 profit, driven by improved asset quality. The bank's $450 million exposure to the Maldives is performing well despite political tensions.

Indian Bank Creditworthiness: Loan Growth Key - Fitch

May 13, 2024 11:35

Fitch Ratings says Indian banks' risk appetite through loan growth will be key to their creditworthiness despite improved performance. Asset quality is improving, but concerns remain about...

Punjab & Sind Bank Q4 Profit Slumps 70% to Rs 139 Cr

May 10, 2024 20:24

Punjab & Sind Bank's net profit declined by 70% to Rs 139 crore in Q4 FY24 due to bad loan provisions. However, total income and interest income increased. Gross NPAs also moderated.

Bank of India Q4 Profit Rises 7% to Rs 1,439 Cr

May 10, 2024 18:11

Bank of India's net profit increased by 7% to Rs 1,439 crore in the March quarter. The bank's gross NPAs moderated to 4.98% and net NPAs declined to 1.22%.

Bank of Baroda Q4 Profit Rises Marginally to Rs 4,886 Crore

May 10, 2024 15:29

Bank of Baroda (BoB) reported a 2.3% increase in net profit for the fourth quarter ended March 2024, reaching Rs 4,886 crore. Total income rose to Rs 33,775 crore, driven by growth in interest...

IOB Profit Soars 24% to Rs 808 Crore in Q4 FY24

May 9, 2024 20:26

Indian Overseas Bank (IOB) reported a strong Q4 FY24, with profit rising 24% to Rs 808 crore. The bank also saw improved asset quality and net interest margin.

PNB Q4 Profit Soars 3-Fold to Rs 3,010 Cr | Business News

May 9, 2024 14:23

Punjab National Bank (PNB) reported a significant jump in net profit for the fourth quarter ended March 2024, driven by improved core income and reduced bad loans. Learn more about PNB's financial...

Canara Bank Q4 Profit Surges 18% to Rs 3,757 Crore

May 8, 2024 14:10

Canara Bank reported an 18% rise in its net profit to Rs 3,757 crore in Q4 FY24, driven by strong interest income and improvement in asset quality. Gross NPAs fell to 4.23% from 5.35% a year ago.

Kotak Bank Q4 Net Profit Up 25% to Rs 5,302 Cr | NIMs Fall

May 4, 2024 19:44

Kotak Mahindra Bank reports a 25% rise in Q4 net profit to Rs 5,302 crore, but net interest margins fall sharply. Read about the bank's performance and key highlights.

JK Bank Records Record Profit of Rs 1,767 Crore in FY24

May 4, 2024 17:25

Jammu & Kashmir Bank reports highest-ever annual profit of Rs 1,767 crore for FY24, a 48% increase from the previous year. The bank also saw a significant rise in deposits and advances.

Aptus Housing Finance Q4 PAT Up 21% to Rs 164 Cr

May 3, 2024 17:29

Aptus Value Housing Finance reported a 21% increase in profit after tax for Q4 FY24, reaching Rs 164 crore. Total disbursements also saw a significant rise.

Federal Bank Q4 Profit Rises Marginally to Rs 906 Cr

May 2, 2024 15:57

Federal Bank reported a marginal rise in Q4 profit at Rs 906 crore, impacted by pension provisions. The bank is yet to send names of MD candidates to RBI.

REC Q4 Profit Up 33%: Core Income, Provision Write-Back Drive Growth

April 30, 2024 19:28

REC reported a 33% rise in its Q4 net profit to Rs 4,079 crore, driven by strong core income and provision write-back. The company's revenue also grew 25% YoY.

Cholamandalam Investment Q4 Profit Up 25% to Rs 1,065 Crore

April 30, 2024 17:45

Cholamandalam Investment and Finance Company reported a 24.5% rise in net profit to Rs 1,065 crore for the March quarter, driven by growth in core business. The company's total income and interest...

Central Bank of India Q4 Profit Surges 41% to Rs 807 Crore

April 30, 2024 15:35

Central Bank of India's net profit jumped 41% to Rs 807 crore in Q4 FY24, driven by lower bad loans and higher interest income. The bank also announced plans to raise up to Rs 5,000 crore in capital.

UCO Bank Q4 Profit Down 10% to Rs 526 Cr

April 29, 2024 22:40

UCO Bank's net profit declined by 10% to Rs 526 crore in Q4 FY24, while total income increased. The bank also announced a dividend after nine years. Learn more.

UCO Bank Q4 Profit Down, Plans Rs 4,000 Cr Capital Infusion

April 29, 2024 21:04

UCO Bank reported a decline in Q4FY24 net profit but plans to raise Rs 4,000 crore in capital during FY25 to support growth. The bank also saw improvement in asset quality.

Indian Banks May Slow Loan Growth in FY25: S&P

April 28, 2024 14:58

S&P Global Ratings expects Indian banks to moderate loan growth in FY25 due to slower deposit growth. The agency predicts credit growth to slow to 14% in FY25 from 16% in FY24.

ICICI Bank Q4 Net Profit Up 18.5% to Rs 11,672 Cr

April 27, 2024 18:59

ICICI Bank's Q4 net profit surged 18.5% to Rs 11,672 crore, driven by lower provisions and strong loan growth. The bank also reported a 17.4% rise in standalone profit.

IDFC FIRST Bank Q4 Profit Down 10% on Higher Provisions

April 27, 2024 17:53

IDFC FIRST Bank's Q4 profit fell 10% to Rs 724 crore due to increased provisions, though net income and NII grew. Gross NPAs also declined.

Yes Bank Q4 Profit Doubles, Higher Unsecured Loan Stress

April 27, 2024 17:12

Yes Bank's Q4 profit surged to Rs 452 crore, driven by provision benefits, but the bank reported higher stress in unsecured advances. Learn more about the bank's performance and future plans.

RBL Bank Q4 Net Profit Surges 30% to Rs 353 Crore

April 27, 2024 16:47

RBL Bank reports a 30% jump in Q4 net profit to Rs 353 crore, driven by non-interest income. Loan growth at 20%, deposit growth at 22%, and asset quality improvement.

Company Name
Price
Volume

Vodafone Idea L
7.45 (+ 4.93)
128421957

GTL Infrastructure
1.53 (+ 3.38)
20845321

Jaiprakash Power Ven
14.75 (+ 10.16)
15762417

G G Engineering
1.01 (+ 1.00)
15422220

Standard Capital
0.58 ( -3.33)
14973475

MORE NEWS

Vageshwari Properties Buys Rs 276 Crore Bungalow in Mumbai

Telangana GSDP Surges 10% to Rs 16 Lakh Cr in FY25

Stocks	Mutual Funds		Investment tracking
A-Z Gainers - Daily \| Weekly \| Monthly Losers - Daily \| Weekly \| Monthly Group-wise listing IPO \| Top IPOs Recent IPOs \| IPO News Similar Price band Most traded - By volumes Top 100 - By market capitalisation Latest Company Results Management Speaks Market News	Top 25 schemes High-risk, High-returns Medium-risk, Medium-returns Low-risk, Low-returns Gilt Funds Funds of Funds Special Funds Liquid Funds Dynamic Asset Allocation NFOs MF Selector	Equity - ELSS Equity - Index Funds Equity - Sector Funds Equity - Balance Fund Equity - Diversified Fund MF News Budget 2025	My Portfolio My Watch List If You Had Invested... Global Indicators Forex Converter Market Indices Sectoral Indices World Indices Market Astrology Advertise with us

Search result for 'asset quality'

PSBs Capacity Building, Capital Raising: DFS Secy

India's GDP to Exceed 6.5% in FY26: Moody's

Fitch Affirms Union Bank, PNB Ratings at BBB- with Stable Outlook

Sitharaman: Banking Sector Must Innovate Amid Global Changes

Women Borrowers Outpace Men in 2024: Report

MFI Portfolio De-grows 3.53% in Q3, Asset Quality Stressed

FinMin Defers PSU Bank Review Meeting to Mar 5

IIFL Finance Asset Quality, Profit Challenges: Fitch

FinMin to Review PSB Performance on Mar 4

PNB Reports Rs 270.57 Crore Loan Fraud by Gupta Power Infrastructure

Northern Arc Q3 Profit Flat at Rs 76 Crore - Business News

M''M Q3 Profit Jumps 20% to Rs 3,181 Crore

State-Owned Banks Record Rs 1.29 Lakh Cr Profit: Key Highlights

SBI Q3 Profit Soars 84% to Rs 16,891 Cr

SBI Q3 Profit Surges 84% to Rs 16,891 Cr

PNB Stock Surges 5% on Q3 Profit Surge

PNB Q3 Profit Surges Over 100% to Rs 4,508 Cr

BoB Profit Rises 5.6% to Rs 4,837 Cr in Dec Quarter

Indian Bank Q3 Profit Surges 35% to Rs 2,852 Cr

Mahindra Finance Q3 Profit Jumps 63% to Rs 899 Cr

Federal Bank Q3 Profit Down 5% to Rs 955 Crore

Union Bank of India Q3 Profit Surges 28% to Rs 4,604 Cr

ICICI Bank Q3 Profit Surges 15% to Rs 11,792 Cr

IDFC First Bank Q3 Profit Drops 53% on Higher Provisions

ICICI Bank Q3 Profit Surges 15% to Rs 11,792 cr

Yes Bank Q3 Profit Surges to Rs 612 Cr

Ujjivan Small Finance Bank Stock Drops After Q3 Earnings

Bank of India Q3 Profit Jumps 35% to Rs 2,517 Cr

AU Small Finance Bank Q3 Profit Surges 41% to Rs 528 Cr

Ujjivan Small Finance Bank Q3 Profit Down 64% to Rs 109 cr

HDFC Bank Q3 Profit Up 2.3%, Loan Growth Slows

HDFC Bank Q3 Profit Rises Slightly to Rs 16,736 Cr

UCO Bank Q3FY'25 Net Profit Rises 27% to Rs 638.8 Crore

UCO Bank Q3 Profit Surges 27% to Rs 639 Cr

Central Bank of India Q3 Profit Jumps 33% to Rs 959 Crore

IOB Q3 Profit Jumps 21% on Lower Bad Loans

Punjab & Sind Bank to Raise Rs 2,000 Cr via QIP

Kotak Bank Q3 Profit Up 10%, Capital Mkt Arms Aid - RBI Embargo Unclear

Axis Bank Shares Plunge 5% After Earnings Miss

Axis Bank Shares Plunge 6% After Weak Earnings

Axis Bank Q3 Profit Up 4%, Loan Growth Slows

SFB NPAs to Rise, Loan Growth to Slow in FY25: Icra

Punjab & Sind Bank Q3 Profit Doubles to Rs 282 Cr

IOB to Sell Rs 11,500 Crore NPAs to ARCs

MFI Portfolio Declines, Bad Assets Rise in Sept Quarter: Report

Bank Profits to Moderate in FY26 as Bad Assets Rise: Ind-Ra

Securitisation Volumes Surge 80% in Q3: Icra

Credit Growth to Slow in FY26: ICRA

Bank NPAs at 12-Year Low: RBI Report

PSU Banks Profit: Rs 1.5 Lakh Cr Forecast, Deposit Concerns

Bank Profitability Rises for 6th Year: RBI Report

PSB NPAs Decline to Decade Low: FinMin

Punjab & Sind Bank to Raise Rs 3,000 Cr from Infrastructure Bonds

FM Rebuts Rahul Gandhi on Bank Reforms: Modi Govt. Focuses on Clean, Strong System

Shubham Housing Raises Rs 1,000 Cr Led by Multiples

MFI Disbursements Drop 10% in Q2: Credit Quality Concerns

NBFC-MFIs Asset Growth to Moderate in FY25: Icra

NBFCs to Slow Asset Growth to 15% in FY25-26: Crisil

Indian Markets Tank 10% Amid FII Exodus, Weak Earnings

Urban Cooperative Banks Need Digital Transformation - RBI

India Economy Projected to Grow 6.5-7% Annually Through 2027 - S&amp;P

BoI Q2 Profit Jumps 61% on Non-Core Income

IIFCL Plans Subsidiary for Asset-Backed Securities

Aptus Value Housing Reports Q2 Profit of Rs 181.96 Cr

Sundaram Finance Q2 PAT at Rs 340.09 cr - Business News

SBI Card Q2 Profit Down 33% to Rs 404 Cr

Canara Bank Q2 Profit Up 11% to Rs 4,015 Crore

Federal Bank Shares Surge 8% After Q2 Earnings

Federal Bank Q2 Profit Rises 11% to Rs 1,057 Cr

LIC Housing Finance Q2 Profit Rises 11% | Latest News

PNB Shares Surge Over 3% on Profit Jump

Indian Bank Q2 Profit Jumps 36% to Rs 2,707 Cr

PNB Profit Surges 200% to Rs 4,306 Cr in Q2 | Business News

ICICI Bank Shares Surge 3% on Strong Q2 Earnings

IDFC First Bank Q2 Profit Down 73% to Rs 201 Cr

ICICI Bank Q2 Profit Up 14.5% to Rs 11,746 Crore

Societe Generale Sells IndusInd Bank Stake for Rs 421 Crore

Shriram Finance Q2 Profit Up 20% to Rs 2,153 Cr: Share Split Approved

BoB Net Profit Jumps 23% to Rs 5,238 Cr in Q2 FY25

India Economy Projected to Grow 6.5-7% Annually Through 2027 - S&P

J&K Bank Q2 Profit Surges 45% to Rs 551 Cr