“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
NEW DELHI: Kotak Mahindra Bank on Saturday reported a 26 per cent year-on-year (YoY) rise in profit after tax (PAT) at Rs 2,071 crore compared with Rs 1,642 crore in the same quarter last year. The bank said its net interest income (NII) rose 19 per cent YoY to Rs 4,697 crore compared with Rs … Read more
NEW DELHI: ‘s September quarter numbers beat Street estimates on all key metrics. Asset quality for the bank improved and fresh provisions also fell. Net interest margin (NIM) improved to 4 per cent while disbursements of personal loans and auto loans were close to March quarter levels. Besides, SME loans soared 44 per cent on … Read more
NEW DELHI: Private lender on Saturday reported a 78 per cent year-on-year (YoY) rise in standalone net profit at Rs 4,616 crore for June quarter compared with Rs 2,599 crore in the same quarter last year. Net interest income (NII) for the quarter rose 18 per cent year-on-year to Rs 10,936 crore from Rs 9,280 … Read more
NEW DELHI: ICICI Bank on Saturday reported a six-fold jump in its net profit at Rs 4,251 crore for the September quarter. The private lender had reported a profit of Rs 655 crore in the year ago quarter. Net interest income (NII), which is the difference between the interest income a bank earns from its … Read more