Latest Updates Around The World
Muthoot Microfin’s net profit in the third quarter rose more than 16 times to Rs 62.4 crore compared to Rs 3.8 crore in the same period last year, helped by a decline in provisions to cover bad loans.Credit costs for the quarter were 3.3%, well below the 4-6% guidance for the fiscal year. Provisions in […]
Shares of State Bank of India (SBI), the country’s largest public sector lender, are expected to remain in focus during Monday’s trading session after a strong performance in the third quarter of FY26. The bank reported robust earnings growth, steady improvement in asset quality and healthy loan growth, prompting brokerage Nuvama Research to raise its […]
Fairfax-backed CSB Bank reported third-quarter net profit at Rs 153 crore, flat from Rs 152 crore in the same period last year, due to sharply higher provisions, after a nearly three-fold decline from Rs 197 crore.Net profit was lower than the previous quarter’s Rs 160 crore. The bank’s share price fell 25% to an intraday […]
Indian Railway Finance Corporation (IRFC) reported a net profit of Rs 1,802.19 crore for the third quarter of fiscal 2025-26. In a statement to the stock exchanges, the Navratna said this was the highest ever gain. The public sector railway company had reported an operating profit of Rs 1,630.66 crore for the quarter ended December […]
Private sector lender RBL Bank on Saturday reported a massive 555% rise in its net profit to Rs 214 crore in the third quarter of FY26, compared to Rs 33 crore in the same quarter of the previous fiscal. On a quarterly basis, the lender reported a 20% increase in profitability.The lender earned interest income […]
Profits were driven by robust growth in advances in the retail, agri and SME (RAM) sector, and were also helped by the bank’s shift to the new tax regime following deferred tax adjustments in recent years | Photo credit: Public sector lender Indian Overseas Bank (IOB) posted 56 per cent year-on-year growth in consolidated net […]
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. […]
Salee S Nair, MD & CEO, Tamilnad Mercantile Bank | Photo credit: Tamilnad Mercantile Bank says after a lull, robust growth is returning for the private sector lender this fiscal. The growth of 11.4 percent in total revenue is the highest in a decade, with 9.3 percent YoY growth, CASA is also showing robust growth […]
Kolkata: Lower provisioning allowed ICICI Bank to report a 5.2% rise in standalone net profit to Rs 12,359 crore for the second quarter of the fiscal compared to Rs 11,746 crore in the same period last year, exceeding market expectations. The private sector lender set aside Rs 914 crore as provisions and contingencies for the […]
