Private sector lender YES Bank today reported 80.66% on-year drop in its standalone December quarter net profit at Rs 51.52 crore due to ageing related provisions. Its net interest income improved 11.7% YoY at Rs 1,971 crore in Q3. Its net interest margin (NIM) in Q3 stood at 2.5% up nearly 10 bps YoY and … Read more
Mumbai: Private lender IndusInd Bank on Wednesday reported a 58% rise in its December quarter net profit to ₹1,964 crore on the back of strong credit growth and falling provisions. The bank reported profits of ₹1,242 crore in the same quarter last year. The bank has reported a net interest income, or core income, growth … 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: 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
MUMBAI: today reported a net loss of Rs 1,047 crore due to a sharp rise in provisions for bad loans in the quarter and deterioration in asset quality on a reported basis. Analysts had expected the state-owned bank to report a net profit of Rs 1,042.6 crore for the reported quarter. The bank’s provisions for … Read more
Mumbai: A fall in provisons and finance costs helped , the non banking finance company (NBFC) of the Bajaj Group reported a 42% rise in consolidated net profit for the quarter ended March 2021 to Rs 1 ,347 crore from Rs 948 crore a year ago over riding a fall in total income even as … 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: In spite of a Rs 3,000 odd crore one-off treasury gain, ICICI Bank’s June quarter earnings missed Dalal Street estimates by a wide margin, as the bank chose to utilise the funds raised from stake sales in ICICI Prudential and ICICI Lombard to create higher-than-expected Covid 19-related provisions. The bank said the provisions … Read more