Punjab National Bank (PNB), India’s state-owned financial giant, showcased a remarkable improvement in its financial performance for the September quarter of FY25. The bank reported a stunning 145% increase in …
Banking
Yes Bank Q2 Results: Net Profit Surges 145% YoY to Rs 553 Crore, NII Increases by 14%
In the September quarter of FY25, Yes Bank Q2 results showcased a substantial increase in profitability, with standalone net profit soaring by 145% year-on-year (YoY) to reach Rs 553 crore. …
ICICI Bank Limited released its July-September quarterly results on Saturday, October 26. In a filing to the BSE, the bank reported a 14.47% increase in net profit, reaching ₹11,745.88 crore …
IDFC is set to merge with IDFC FIRST Bank, with the merger taking effect on October 1
The much-anticipated merger of IDFC Ltd with IDFC FIRST Bank is set to become effective on October 1, following the approval from the National Company Law Tribunal. This significant move …
Goldman Sachs Advises ‘Sell SBI’ Following Downgrade of the Lender Due to Multiple Challenges
Goldman Sachs has recently downgraded the State Bank of India (SBI), citing an increasingly unfavorable risk-reward profile due to mounting challenges in maintaining its Return on Assets (RoA). The brokerage …
MSCI August Rejig: Vodafone Idea and RVNL Among Seven Stocks Added to India Index; Bandhan Bank to Be Excluded
In the latest MSCI August rebalancing, Vodafone Idea and RVNL are among the seven stocks set to be included in the India Index. Meanwhile, Bandhan Bank will be excluded from …
UPI Transaction Limit Raised: New Cap Aims to Facilitate Higher-Value Payments
The Reserve Bank of India (RBI) has announced a significant change to the Unified Payments Interface (UPI) transaction limit, increasing it from ₹1 lakh to ₹5 lakh per transaction. This …
On Friday, SoftBank stock experienced a significant decline of 8% in Tokyo. Over the past two days, the technology conglomerate has suffered a roughly 14% drop in its shares. This …
Japanese stocks fell sharply for the second consecutive day, driven by growing expectations of additional rate hikes by the central bank. The decline in Asian equities followed Wall Street’s losses, …
Shares of Bandhan Bank surged to the 10% upper circuit limit following a strong Q1 performance and an increase in target prices.
Shares of Bandhan Bank have shown a stable Net Interest Margin (NIM) of 7.6% quarter-over-quarter. The bank’s Assets Under Management (AUM) and deposit growth both experienced a year-over-year increase of …