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
NEW DELHI: ICICI Bank is expected to report a multi-fold rise in net profit for the September quarter, even as net interest income (NII) for the private lender may see a marginal dip on year-on-year basis. Updates on incremental Covid-related provisions, collection efficiency, BB and below-rated book and restructuring would be keenly followed, analysts said. … Read more
Mumbai: Credit Suisse has sounded caution on reliability of reported profitability numbers by lenders due to high concentration of interest accrued component in bank’s net interest income. The report also said that reported share of moratorium loans dropped across private banks to 10-25% as of June 2020 versus 30-70% in April 2020. “The interest accrued … Read more
Mumbai: The total loans under moratorium for ICICI Bank fell to 17.5% by value in June from around 30% in April with less than 10% of customers added to the ones that had availled the moratorium facility in April, the bank said in a post earnings call. ICICI Bank’s fall in loans under moratorium is … Read more