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5 mins read
Brokerages not rattled by big 3 IT players' tepid Q2 performance
The Indian IT sector has kicked off the Q2 earnings season on a somber note. The Big 3 tech compani…
2 mins read
SBI Research anticipates Q1 GDP growth at 7.1%, in line with RBI forecast
Indian economy is expected to grow at 7.0-7.1% in the April-June period, the first quarter of 2024-…
ANI
6 mins read
A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
The growth rate of bank deposits in India has been slowing, largely outpaced by credit growth. But …
1 min read
Canara Bank Q1 profit surges 75% to ₹3,535 cr aided by fall in bad loans, interest income rise
The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 5.15 …
PTI
2 mins read
High food prices raise concerns but improved monsoon offers hope for RBI: SBI report
Volatility in prices of food items like tomatoes, onions, and potatoes has challenged India's Monet…
ANI
1 min read
IndusInd Bank Q2 profit up 22% to Rs 2,202 crore
IndusInd Bank on Wednesday posted 22% rise in consolidated net profit at Rs 2,202 crore for Septemb…
PTI
4 mins read
Axis Bank shares under pressure after Q4 net loss; analysts upbeat on the lender
During the March quarter, the lender reported an exceptional item of ₹12,490 crore, which went i…
2 mins read
Banks continue to spook markets after HDFC Bank’s LDR shock in Q3
HDFC Bank opened 2.5% lower on Thursday, after a sharp 9% plunge on Wednesday as its third quarter …
1 min read
Bank of Baroda Q4 profit jumps over 2-fold to ₹4,775 crore
State-owned Bank of Baroda (BoB) on Tuesday reported over 2-fold jump in its March quarter net prof…
PTI
3 mins read
Banks to reap rewards of interest rate hikes in Q2 earnings
The Indian banking sector is expected to report strong growth in net interest income, margins and l…
4 mins read
RBI MPC Meet: Repo rates unchanged at 6.5%, inflation moderating, albeit slowly
MPC decided, by a majority of 4:2 members, that the repo rate will be left unchanged at 6.5%. Thi…
3 mins read
Indian banks’ dream run could soon be over as deposit rates start catching up to lending rates
The dream run of Indian banks could soon be over as rates on fresh deposits are starting to catch u…
2 mins read
HDFC bank sees muted quarterly business; share drops 4.15% during trade today
Anticipating that HDFC Bank's foreign inclusion factor to increase from 50% to 100% in the MSCI Ind…
2 mins read
SBI Eco Research forecasts Q3 FY24 GDP growth at 6.8% amid global complexities
According to their report, the GDP growth is likely to be at 6.8 per cent, based on an unchanged ba…
ANI
1 min read
Kotak Mahindra logs Rs 3,005 crore PAT for Q3
Kotak Mahindra Bank Ltd on Saturday said it closed the third quarter of FY24 with an after tax prof…
1 min read
IOB Q3 profit jumps 30% to ₹723 cr on improvement in core income
State-owned Indian Overseas Bank (IOB) on Wednesday reported 30 per cent rise in net profit at Rs 7…
PTI
2 mins read
Sensex, Nifty rebound over 1% after six sessions of losses
Equity benchmark indices, the Sensex and the Nifty, on Friday reversed their six-session losing st…
PTI
3 mins read
Strong Q4 on the cards, but concerns emerge on fall in CASA deposits and credit offtake slowdown
Indian banks are expected to continue their strong performance in Q4 led by a momentum in credit gr…
1 min read
HDFC Bank shares plunge over 8% post Q3 earnings; mcap erodes by Rs 1 lakh crore
Shares of HDFC Bank fell by over 8 per cent on Wednesday, eroding Rs 1 lakh crore from its market v…
PTI
7 mins read
ICICI Bank shares hit a new high after a strong Q2 – here’s what the analysts are saying
ICICI Bank shares have hit a new 52-week high after the private lender delivered better-than-expect…