Private sector lender Federal Bank on Monday posted an 11 per cent increase in net profit to Rs 1,057 crore in the September quarter. The lender had earned a net profit of Rs 954 crore in the year-ago period. The total income increased to Rs 7,541 crore during the quarter under review against Rs 6,186 … Read more
“So, spending is down 35% year-on-year or compared to what was budgeted and I think that is causing a little bit of a slowdown in the economy, apart from other reasons,” says Hiren Ved, CEO, Director & CIO, Alchemy Capital. Ayesha Faridi: I remember the last time you were in the studios, you were talking … Read more
IDFC First Bank reported a 73% drop in its September quarter standalone net profit at Rs 201 crore versus Rs 751 crore reported by it in the year ago period. However, the Net Interest Income (NII) grew 21% to Rs 4,788 crore in Q2FY25 versus Rs 3,950 crore in the year ago period. The earnings … Read more
Top private sector lender ICICI Bank on Saturday reported that its June quarter standalone profit after tax grew by 14.6% year-on-year (YoY) to Rs 11,059 crore while the net interest income (NII) rose 7.3% YoY to Rs 19,553 crore. The net interest margin was 4.36% in Q1 compared to 4.40% in Q4 of FY24 and … Read more
“Last two quarters, agri loans were a bit of a problem, so we need to wait for the management to tell us how the agri loans are really performing,” says Aditya Shah, JST Investments. Your first take on the numbers, the NII as well as profitability is a smidge below the sweet estimates, but the … Read more
India’s second largest private sector lender ICICI Bank today reported 34.2% year-on-year (YoY) increase in its standalone profit after tax to Rs 8,312 crore in the December quarter. The bank’s net interest income (NII) increased by 34.6% YoY to Rs 16,465 crore in Q3. ICICI Bank’s net interest margin increased to 4.65% in Q3 compared … Read more
on Saturday reported a 20 per cent on year growth in net profit for the September quarter to Rs. 10,606 crores. Net interest income grew by nearly 19 per cent on year to Rs. 21,021 crores. Both net profit and net interest income were slightly lower than analysts’ estimates. Bank’s core net interest margin for … Read more
() reported a surprise 7% fall in net profit year on year due to a huge hit on the market value of the bank’s government bond investments as yields rose during the quarter.Net profit fell to Rs. 6,068 crore in the quarter ended June 2022 from Rs 6,504 crore a year earlier as the bank … Read more
NEW DELHI: (SBI) on Saturday reported a 6.70 per cent year-on-year (YoY) drop in net profit at Rs 6,068.08 crore compared with Rs 6,504 crore in the same quarter last year. The profit figure missed ET NOW poll projection of Rs 8,300 crore by a wide margin. Net interest income (NII) for the quarter rose … Read more
ICICI Bank on Saturday reported a 50 per cent year-on-year (YoY) rise in profit after tax (PAT) at Rs 6,905 crore compared with Rs 4,616 crore in the same quarter last year. The bank said its net interest income (NII) rose 21 per cent YoY to Rs 13,210 crore compared with Rs 10,936 crore in … Read more