India’s largest private lending bank, HDFC Bank on Saturday, reported its fourth quarter results for FY25, wherein its profit after tax was reported at Rs 17,616 crore, up by 6.7% YoY while its net interest income (NII) was up by 10.3% YoY to Rs 32,070 crore. The PAT stood above the ETNow poll, while the … Read more
The fund house increased its stake in 350 stocks which includes Eternal, HDFC Bank, Jio Financial Services, RIL, Shree Cement, Tata Motors, Adani Green Energy, Eicher Motors, Tata Elxsi, ONGC, Petronet LNG, PNB Housing Finance, ACC, HFCL, and Zydus Lifesciences. Source link
Yes Bank is expected to report double-digit growth in its March quarter earnings, with net profit rising by 35–44% on a year-on-year basis, according to estimates by a couple of brokerages. The topline could be in the range of Rs 608 crore to Rs 652 crore in Q4FY25. The lender’s Net Interest Income (NII) could … Read more
“The thing is that, see, in the last five years our loan book has grown from 1,04,000 crores to about 2.4 lakh crores, five years, a little more than 2x. Now, we think that we should, in a stable manner, grow at about 20 odd percent because remember, we are not a large bank, like … Read more
“Going forward, if you look at on the domestic side, domestically the things do not change. There have been tax cuts, the capex spending has been going up and also the announcement on the monsoon has been on the positive side that this year we are going to have good rainfall. The domestic view remains … Read more
Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says the market will initially rejoice on possibilities of US-China sitting down and negotiating and start thinking in terms of positive outcomes. But he will be a little cautious. There are significant challenges or points of disagreement between China and the US. It will take a lot of negotiation … Read more
HDFC Bank has announced a 25 basis points reduction in interest rates on its savings bank deposit accounts, marking the first cut since April 2022. Effective from 12 April 2025, this revision affects all customers across savings account balances. For balances below Rs 50 lakh, the interest rate is now 2.75% per annum, down from … Read more
New Delhi, The combined market valuation of five of the top-10 valued firms surged Rs 84,559.01 crore in a holiday-shortened last week, with Hindustan Unilever emerging as the biggest winner. Last week, the BSE benchmark Sensex declined 207.43 points or 0.27 per cent. The NSE Nifty dipped 75.9 points or 0.33 per cent. Indian stock … Read more
The Reserve Bank of India’s Monetary Policy Committee (MPC) has announced a 25 bps reduction in repo rates to 6% from 6.25% and has also shifted its stance from ‘neutral’ to accommodative. With this, it is expected that the home loan rates might go down. So far, home loan borrowers are experiencing a positive year … Read more
The Indian financial sector maintained steady performance in Q4 FY25 despite mixed market conditions. Systemic credit growth moderated to 11.1% YoY across banking and NBFC segments, reflecting prudent lending practices. The banking sector’s elevated credit-deposit ratio of 80.5% underscores the continued importance of deposit mobilization to sustain growth momentum. The affordable housing finance segment (HFCs) … Read more