Marshal News

Alphabet-backed Aye Finance raises Rs 454 crore from major investors ahead of its IPO; Goldman Sachs main investor

Alphabet-backed Aye Finance has raised Rs 454 crore from major investors ahead of its IPO, which opens for public subscription on February 9, lending strong institutional backing to the NBFC, focused on micro-SME lending.The company informed the stock exchanges that it had allotted shares to investors at Rs 129 per share, the top end of […]

By Tomasa Rizzotti

February 7, 2026February 7, 2026

Personal Finance

Tamilnad Mercantile Bank’s Q3FY26 net profit rises 14%

Salee S Nair, MD and CEO, Tamilnad Mercantile Bank Ltd Tamilnad Mercantile Bank on Wednesday reported a 14 per cent rise in net profit to ₹342 crore for the quarter ended December 2025 (Q3FY26). Total income for the third quarter was ₹1,655 crore, compared to ₹1,520 crore in the same quarter last year. The quarter-on-quarter […]

By Tomasa Rizzotti

February 4, 2026February 4, 2026

Personal Finance

City Union Bank reports 15% growth in Q2 PAT

N Kamakodi, MD and CEO, City Union Bank | Photo credit: City Union Bank reported a net profit of ₹329 crore for the quarter ended September 2025 (Q2FY26), up 15 per cent from ₹285 crore in Q2FY25. Total income for the quarter stood at ₹1,912 crore, up 15 percent over the same quarter last year. […]

By Tomasa Rizzotti

November 3, 2025November 3, 2025