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AU Small Finance Banks Q3 Profitability Hit by Rising Bad Loans

AU Small Finance Bank reported a 4% decline in net profit to Rs 375 crore for Q3 FY23 due to an increase in bad loans. Despite a rise in total income, higher provisions and contingencies impacted profitability....

Axis Bank Block Deal: 3.1 Crore Shares Worth Rs 3,465 Crore Change Hands In Pre-market Trade

Axis Bank witnessed a block deal involving 3.1 crore shares valued at nearly Rs 3,465 crore at Rs 1,120 per share during the pre-market session on Wednesday. The buyers and sellers in the transaction remain unknown. The news comes on the ...

IndusInd Bank Consolidated Net Profit Rises 57% To Rs 1,805 Cr In Q2

Private sector IndusInd Bank on Wednesday declared more 57% rise in its consolidated net profit at Rs 1,805.22 crore in the quarter ended September 2022. The bank had declared a net profit of Rs 1,146.67 crore in the year-ago quarter, ...

Bank Nifty Top 40011 Levels; More Gains Likely On Improved Outlook

Though indices have seen some profit booking and have pared record high levels, they have again recouped initial losses with Nifty at 18590 levels. On the Bank Nifty too a new high of 40,011 has been hit. The gains have ...

A ‘Sell' Rating Is Given To This Private Sector Lender

Yes Bank is showing continued stress in its book with new loan stress at 17% as per brokerage firm Elara Capital. Also outstanding stress stands at 39 percent. On the operations front, while profitability saw a surge quarter on quarter by 16 ...

IndusInd Bank Slips 3% After Moody's Revises Outlook To Negative

IndusInd Bank shares in early trade on February 12 slipped as much as 3% to Rs. 1252.2/ share versus its previous close of Rs. 1292.2. The losses in the stock are primarily triggered by Moody's revision of outlook on the bank's ...

PNB Housing Finance Climbs 13% After It Reports Stellar Q2FY20 Results

Shares of PNB Housing Finance climbed 13% in intra-day trade on Friday to Rs. 504.90 per share on the BSE after the company reported its second quarterly results for FY20. The housing finance company's net profit is up 45% ...

RBL Bank Hits 52-Week Low As Brokerages Turn Bearish After Poor Q2 Results

The shares of RBL Bank in intra-day trade on Wednesday fell as much as 20% to hit a 52-week low of Rs. 230.55. The fall in the stock price has come after brokerage firms turned cautious on the stock due to ...

SBI Shares Drag Over 3% After Ratings Downgrade

Shares of State Bank of India in intra-day trade on Wednesday are trading on a weak note. The stock fell over 3% to an intraday low of Rs. 292.10, down almost 3.4% from the previous closing price of Rs. 302.45 shares ...

Kotak Bank Share Scale New High Of Rs. 1137.5 On Deutsche ‘Buy' Rating

In intra-day trade on Monday, the stock of Kotak Mahindra Bank hit a new high of Rs. 1,137.50 on the NSE. Last week the stock ended the trading session at Rs. 1119.2.With stronger growth outlook for the private sector lender, Deutsche ...

FinMin directs banks to deal firmly with fraud, wilful default

New Delhi: As part of the strategy to contain bad debts, the Finance Ministry has directed all public sector banks to accord top priority to cases of fraud and wilful default and take legal action against those responsible. "Cases of fraud ...

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