Indian equities ended October on a muted note, snapping a four-week winning streak as benchmark indices closed marginally lower amid profit-booking and mixed global cues. The tone remained largely positive and volatile during the first three sessions; however, profit-taking in the latter part of the week erased early gains and dragged the indices to close … Read more
The flood of foreign money into India’s financial sector this year, over $7 billion and counting, is more than a capital infusion. It’s starting to look like the early rumblings of a structural reset in Indian banking. From Federal Bank’s Rs 6,200 crore Blackstone deal to Emirates NBD’s record Rs 26,853 crore bet on RBL … Read more
Shares of IDFC First Bank rallied 3.3% to their day’s high of Rs 74.27 on the BSE on Monday after the lender posted a strong 75.5% year-on-year rise in standalone net profit to Rs 352.31 crore for the second quarter of FY26, driven by solid business growth and improving operating leverage, even as net interest … Read more
Markets ended the week on a strong note, with the Nifty 50 scaling a fresh 52-week high amid supportive global and domestic cues. Looking ahead, participants will react to the quarterly results of heavyweights Reliance Industries, HDFC Bank, and ICICI Bank in early trade on Monday, which could dictate market direction. “Technically, the Nifty’s prevailing … Read more
IDFC Bank reported its second quarter results for the financial year 2026, wherein the bank witnessed a 75.5% YoY surge in its standalone net profit at Rs 352.31 crore, up from Rs 200.69 crore in Q2FY26. Further, the bank’s net interest income (NII) rose by 6.8% YoY.NII was reported at Rs 5,112.57 crore for the … Read more
Over the five trading sessions ending September 5, the Sensex rose by about 1.1%, adding 901 points to close at 80,710. The benchmark index finished in the green on three out of those five days. Notably, during this market uptrend, 10 stocks from the BSE 200 index posted gains in each of the five sessions. … Read more
Private lender Yes Bank on Saturday said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the bank’s paid-up share capital and voting rights. Importantly, RBI has clarified that following this acquisition, SMBC will not be classified as a promoter of Yes Bank. The bank … Read more
IDFC First Bank’s board on Friday approved the preferential allotment of over 81.26 crore convertible cumulative preference shares (CCPS), valued at Rs 4,876 crore, on a private placement basis to Currant Sea Investments B.V.—an affiliate of private equity major Warburg Pincus. The decision was taken in a meeting held today. The bank had received in-principle … Read more
IDFC First Bank has reported a 32% YoY decline in its profit after tax (PAT) at Rs 463 crore in the first quarter of the financial year 2026, while the net interest income (NII) witnessed a growth of 5.1% YoY to Rs 4,933 crore in the same period. The NII is comparable to Rs 4,695 … Read more
The local currency has depreciated by nearly a rupee in the last month, from 85.46/$1 on June 28, to 86.41/$1 as of Thursday. The weakness in rupee comes amid high uncertainty on tariffs, outflows by FPIs in debt and equities, and spot dollar buying by the Reserve Bank of India that has prevented excess appreciation, … Read more