Robust margins, which rose to a multi-year high of 5.47 per cent, and improved asset quality helped Kotak Mahindra Bank book a 31 per cent growth in net income at Rs 2,792 crore in the December 2022 quarter. The management sees further uptick on the margins front in the fourth quarter as more loans get [...]
Yes Bank reported a 79 per cent dip in its consolidated December quarter net at Rs 55.07 crore on Saturday as provisions on legacy bad assets made it set aside higher amounts as provisions. The private sector lender also announced that it will appeal against the Bombay High Court's order in the Rs 8,400-crore AT-1 [...]
Aditya Birla group firm UltraTech Cement on Saturday reported a 37.9 per cent decline in its consolidated net profit to Rs 1,062.58 crore for the third quarter of FY2022-23. The company had posted a net profit of Rs 1,710.14 crore in the October-December period a year ago, UltraTech Cement said in a BSE filing. However, [...]
IDFC First Bank on Saturday reported a two-fold jump in its net profit to Rs 605 crore for the quarter ending December 2022, driven by growth in operating income. The private sector bank had reported a profit of Rs 281 crore for the October-December period of 2021-22. The bank's total income increased to Rs 7,064.30 [...]
State-owned Punjab & Sind Bank on Saturday reported a 24 per cent jump in profit at Rs 373 crore for the quarter ended December 2022, aided by healthy growth in interest income and decline in bad loans. The bank had posted a net profit of Rs 301 crore in the same quarter a year ago. [...]
Private sector SBI Life Insurance on Saturday reported more than 16 per cent decline in net profit at Rs 304 crore in the third quarter ended December 2022. The insurer's profit stood at Rs 364 crore in the same quarter of the previous fiscal, SBI Life said in a regulatory filing. Total income increased to [...]
Inflow in gold exchange traded funds (ETFs) plunged by 90 per cent to Rs 459 crore in 2022 due to rising prices of yellow metal, increasing interest rate structure coupled with inflationary pressures. This was way lower than an inflow of Rs 4,814 crore seen in the segment during 2021 and Rs 6,657 crore in [...]
ICICI Bank on Saturday reported a 34.5 per cent jump in its net profit at Rs 8,792 crore in December 2022 quarter on a consolidated basis, helped by an overall healthy performance. The second largest private sector lender's profit after tax grew 34.2 per cent to Rs 8,312 crore in the quarter, despite additional hit [...]
Four of the 10 most valued firms together added Rs 82,480.67 crore in market valuation last week, with HDFC Bank and Adani Total Gas emerging as the top gainers. While Infosys and HDFC were the other gainers, Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, State Bank of India and Life Insurance Corporation [...]
Billionaire Gautam Adani's group plans to spin off businesses like hydrogen, airports and data centre between 2025 and 2028 after they achieve a certain investment profile, it's Chief Financial Officer Jugeshinder Singh said. Adani Enterprises Ltd, which is looking to raise Rs 20,000 crore in a follow-on share sale, is the business incubator for the [...]
