Latest Updates Around The World
Bajaj Finance added 4.76 million new customers to its franchise in Q3 and expects to add 17-18 million new customers to its franchise in FY26 | Photo credit: istock Largest domestic non-banking finance company (NBFC) Bajaj Finance on Tuesday reported a 6 per cent year-on-year (yoy) decline in consolidated net profit for the quarter ended […]
Bandhan Bank reported a 52% decline in third quarter net profit at Rs 206 crore, compared to Rs 427 crore in the year-ago period, due to a decline in both core and other revenues.Operating profit was 29% lower at Rs 1,445 crore, compared to Rs 2,021 crore. Net interest income down 4.5% at Rs 2,688 […]
Tata Capital reported a 17% increase in December consolidated net profit at Rs 1,257 crore, compared to Rs 1,076 crore reported in the year-ago period. The company’s total revenue from operations stood at Rs 7,975 crore in Q3FY26, up 12% compared to Rs 7,104 crore in the corresponding quarter of the last fiscal.Profit after tax […]
IDBI Bank on Saturday reported a 1.4% rise in December standalone net profit at Rs 1,935 crore, compared to Rs 1,908 crore reported in the year-ago period. However, profit after tax fell 47% on a sequential basis, compared to Rs 3,627 crore in the second quarter of FY26.The lender earned an interest income of Rs […]
Shares of Union Bank of India rose as much as 8.3% to Rs 180 on the BSE on Wednesday after the state-owned lender reported a December performance that reflected an improvement in asset quality and steadier profits, with a 9% year-on-year rise in net profit and a sequential improvement in bad loans, easing concerns over […]
Satyanarayana Raju, Managing Director and CEO, Canara Bank Canara Bank is focused on quality growth and profitability as it continues its strategic shift into the retail, agriculture and MSME (RAM) segments. Satyanarayana Raju, managing director and CEO of Canara Bank, said the public sector lender will resist the ongoing ‘rate war’ in corporate lending, and […]
Satyanarayana Raju, Managing Director and CEO, Canara Bank Canara Bank is focused on quality growth and profitability as it continues its strategic shift into the retail, agriculture and MSME (RAM) segments. Satyanarayana Raju, managing director and CEO of Canara Bank, said the public sector lender will resist the ongoing ‘rate war’ in corporate lending, and […]
Kotak Mahindra Bank’s net interest income (NII) or core income rose 4% year-on-year to ₹7,311 crore in the second quarter, while other income fell 4% to ₹2,589 crore. | Photo credit: ADNAN ABIDI Private sector lender Kotak Mahindra Bank on Saturday reported a 3 per cent year-on-year decline in net profit for the quarter ended […]
The Federal Bank has announced its quarterly results for the July-September quarter, showing a decline of 9.6% year-on-year (year-on-year) in standalone net profit at Rs 955.26 crore, against Rs 1,056.69 crore in the year-ago period. However, the bank reported its highest ever net interest income (NII) at Rs 2,495 crore. Despite the year-on-year decline, the […]
Mumbai: The growth in net interest income (NII) helped Piramal Finance report a two-fold year-on-year rise in consolidated net profit for the September quarter to ₹327 crore, while Poonawalla Fincorp moved into the black with a profit of ₹74 crore compared to a loss of ₹471 crore a year ago. For Piramal Finance, NII rose […]
