Fairfax-backed private sector lender CSB Bank reported a 16% year-on-year rise in net profit to Rs 160 crore for the September quarter, driven by strong growth in interest income. The bank had posted a profit of Rs 138 crore in the same period last year. Net interest income (NII) grew 16% year-on-year to Rs 424 … Read more
The bears tightened their grip on the markets as Nifty registered its fourth consecutive weekly decline. While the index showed some resilience early in the week, it failed to surpass the previous week’s high of 25,250, triggering a broad-based sell-off in the last two sessions. The weakness intensified on Friday, with the index breaching key … Read more
Mumbai: The Reserve Bank of India is expected to cut interest rates for the third straight monetary policy meeting this week amid easing price pressures, according to economists. They are now keenly awaiting the central bank’s commentary on inflation and growth to get an idea about how long it would continue with the easing cycle … Read more
Fairfax Group-backed CSB Bank on Monday reported a 26% year on-year in net profit at Rs 190.44 crore for the fourth quarter of the fiscal, helped by higher earnings from fee income and treasury profits. The net profit was Rs 151.5 crore in the year ago period. The bank’s other income, which includes earnings from … Read more
CSB Bank shares jumped as much as 7.7% on Tuesday to Rs 331 on BSE after the private lender held a one-on-one meeting with asset management firm WhiteOak Capital on December 16. The company disclosed this development in an exchange filing. The company’s institutional investor meeting with WhiteOak Capital was held in Mumbai, the exchange … Read more
Indian Railway Finance Corporation Share Price 151.82 03:59 PM | 8 Oct 2024 7.47(5.18%) Suzlon Energy Share Price 73.64 03:59 PM | 8 Oct 2024 2.71(3.83%) Indian Renewable Energy Development Agency Share Price 224.39 03:59 PM | 8 Oct 2024 13.26(6.29%) Tata Motors Share Price 919.8 03:59 PM | 8 Oct 2024 -8.06(-0.87%) YES Bank … Read more
Vodafone Idea has made an exit from Nifty 500 index and Nifty Midcap 100 as part of a semi-annual rejig of NSE’s various indices. Vodafone’s current free-float market capitalisation stands at Rs 36,534 crore and the stock today ended at Rs 15.83, down by Rs 0.37 or 2.28% over the Thursday closing price. Vodafone’s exit … Read more
Abhay Agarwal, Founder & Fund Manager, Piper Serica, says “outsourced manufacturing as a concept is here to stay and it will reward large players. While there is nothing wrong with branded players like Voltas or Blue Star, we would like to back very efficient, large and getting larger manufacturers like Dixon and Amber purely for … Read more
New Delhi: Shares of continued to gain higher on Thursday, rising more than 8%, on the back of strong performance in the September 2022 quarter. The private lender reported a marginal uptick in net profit at Rs 120.55 crore for the quarter ended September 2022 on growth in net interest income. The bank had posted … Read more
NEW DELHI: Axis Bank shares were under heavy selling pressure on Friday amid rumours of a scam in its subsidiary Axis Mutual Fund. The stock plummeted over 4 per cent on BSE. Media reports said the mutual fund arm of the lender removed Viresh Joshi, head trader and fund manager, from the fund management team … Read more