Shares of ICICI Bank gained over 2 per cent in morning trade on Monday after the company reported a 55.04 per cent jump in its June quarter consolidated net profit. The stock rose 2.23 per cent to Rs 817.85 on the BSE. At the NSE, it went higher by 2.21 per cent to Rs 817.80 [...]
PB Fintech, the parent company of Policybazaar Insurance Brokers Private Ltd, on Sunday said that the IT system of the firm was hacked on July 19 and subsequent corrective action was taken. The company identified certain vulnerabilities on July 19 in a part of Policybazaar Insurance Brokers IT systems leading to illegal and unauthorized access [...]
India's second-largest IT services firm Infosys reported a lower-than-estimated 3.2 per cent rise in June quarter net profit as operating margin declined on rising expenses. Net profit is at Rs 5,360 crore, or Rs 12.78 a share, compared with Rs 5,195 crore, or Rs 12.24 per share, in the same period a year back, the [...]
Private sector lender Kotak Mahindra Bank on Saturday reported a 26 per cent rise in net income at Rs 2,071.15 crore in the June quarter, buoyed by record margins and a decline in bad loans. On a consolidated basis, the city-headquartered financial services group, which is also into life and non-life insurance, share broking, asset [...]
ICICI Bank on Saturday reported a 55.04 per cent jump in its June quarter consolidated net profit to Rs 7,384.53 crore, helped by a sharp reduction in provisions and the core interest income continuing to be strong. On a standalone basis, the second-largest private sector lender reported a net profit of Rs 6,904.94 crore against [...]
Yes Bank on Saturday reported 50 per cent increase in net profit at Rs 311 crore for June quarter 2022-23 on fall in provisions for bad loans, and healthy income growth. The bank had clocked a net profit of Rs 207 crore in the year-ago period, it said in a regulatory filing. Total income during [...]
Karnataka Bank on Saturday reported nearly 8 per cent increase in net profit at Rs 114 crore for June quarter 2022-23 helped by a growth in core income and fall in bad loans. The private sector lender had posted a net profit of Rs 105.91 crore in the year-ago period. Total income during April-June 2022-23 [...]
Banks are unlikely to take a big hit on profitability this quarter due to rising bond yields, which may eat up 5.3 per cent (Rs 11,790 crore) of their net income in the worst-case scenario, according to a report. In the worst-case scenario, banks may see a profit erosion of 2.6 per cent of their [...]
Mid-size information technology company Persistent Systems on Friday reported a 40 per cent jump in its June quarter net profit to Rs 211.6 crore. The Pune-headquartered company reported a 52.7 per cent rise in its revenue to Rs 1,878 core. Its chief executive Sandeep Kalra said the company is not very worried about the macro [...]
India's largest telecom operator Reliance Jio Infocomm on Friday reported a nearly 24 per cent rise in its June quarter net profit to Rs 4,335 crore as tariff hike and improved subscriber mix boosted revenues and realisation. Billionaire Mukesh Ambani-led Reliance Jio clocked revenue from operations of Rs 21,873 crore in the just-ended quarter, which [...]
