SBI Q3 results: PAT down 35% at Rs 9,164 crore on one time exceptional item
Leading public sector lender State Bank of India (SBI) reported a standalone net profit of Rs 9,164 crore which was down by over 35% from 14,205.34 crore reported by the…
Karur Vysya net profit up 51% on lower provisions
Kolkata: Private sector lender Karur Vysya Bank on Monday reported a 51% rise in net profit at 378 crore for the July-September period against 250 crore in the corresponding quarter…
Omkara ARC buys Joyous’ Rs 784-crore PNB Housing loan
Mumbai: Omkara ARC has acquired ₹784-crore loan outstanding from PNB Housing Finance of Joyous Housing Limited. The transaction happened at par and helped the mortgage lender in resolving a significant…
Bajaj Finance offers robust update for Q1, draws brokerage upgrades
Mumbai: Analysts tracking Bajaj Finance reiterated their bullish outlook after the Pune-based non-bank lender's first-quarter business growth update took the Street by surprise, prompting brokerage houses to upgrade their recommendations…
SBI, BoM raise over Rs 7,500 cr via AT1 bonds to fund loan demand
Mumbai: and the Bank of Maharashtra together raised ₹7,582 crore in perpetual bond sales, equipping themselves to meet higher loan demand as recovery gathers steam. While the country's largest lender…
RBI fine-tunes capital norms for non-bank companies
Mumbai: The Reserve Bank of India (RBI) has fine-tuned the capital norms for NBFCs, allowing revaluation of reserves from property to be counted as tier-1 capital instead of tier-2. It…
‘HDFC Bank shares may underperform peers’
Mumbai: Some brokerages have reduced their target price on shares of HDFC Bank after India's biggest private lender reported lower-than-expected March quarter earnings. The earnings disappointment and target price cuts…
HDFC Bank Q3 Results: Profit jumps 18% YoY to Rs 10,342 cr on strong revenues
NEW DELHI: HDFC Bank on Saturday reported a net profit of Rs 10,342.2 crore in October-December quarter; registering an increase of 18 per cent year-on-year as strong growth in the…
Collateral gains: Rally helps lower promoters’ pledges
The BSE Sensex rallied 23 per cent in the December quarter while the BSE MidCap and SmallCap indices gained 21 per cent and 26 per cent, respectively.SynopsisOut of 650 companies…
FPI holding in IndusInd bears upper limit
Analysts say the financials of IndusInd Bank have seen a sharp rebound on account of lower borrowing costs and higher liquidity in the system.SynopsisSince November, shares of IndusInd Bank have…