IndusInd Bank reported a mixed performance in its Q4 FY25 business update, with loan growth showing modest gains on a yearly basis but declining sequentially. Net advances stood at ₹3.47 lakh crore, up 1.4% YoY but down 5.2% QoQ, weighed down by a 15.1% QoQ drop in corporate banking loans. In contrast, the consumer banking […]
Yes Bank faces two senior level exits; portfolio reshuffle likely – CNBC TV18
Private sector lender Yes Bank is facing two senior level exits across in private and SME banking verticals, prompting a portfolio reshuffle, two people directly aware of the matter told CNBC-TV18 on the condition of anonymity. Dhavan Shah, Country Head of SME Banking, and Akshay Sapru, Country Head of Private Banking & Liabilities Products and […]
Stocks to watch on March 3: Auto stocks, NTPC, Ujjivan SFB and more – CNBC TV18
1 / 10 Tata Motors | The Tata Group auto major on Saturday reported an 8% year-on-year decline in its domestic and international sales at 79,344 units in February. The auto major sold 86,406 units in the same month last year. Total domestic sales were 9 per cent down at 77,232 units last month against […]
IDFC First Bank’s Q3 net profit drops sharply to ₹339 crore on higher provisions – CNBC TV18
IDFC First Bank’s net profit for Q3FY25 declined sharply by 52.6% year-on-year (YoY) to ₹339.4 crore, compared to ₹715.7 crore in the same quarter last fiscal year. This decline in profitability was primarily due to higher provisions driven by increased loan slippages. The bank’s net profit came in lower than the CNBC-TV18 poll estimate of […]
Sensex Today | Stock Market LIVE Updates: Nifty, Sensex set to open lower; Easy Trip Planners block deal likely
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 23,644.90, while Sensex ended at 78,248.13. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 2,632.45 points below its record high of 26,277.35. Overnight […]
Bank stocks recapture their lost weight on the Nifty50 – CNBC TV18
Bank stocks are once again building up their muscles. The most influential segment of the nation’s $5.4 trillion equity market currently commands almost 33% weight on the Nifty50 index. The bounce back in these lenders is phenomenal considering the kind of underperformance that the sector had during the beginning of 2024. Company Value Change %Change […]
Write back of earlier provisions lightens SBI’s wage bill in September quarter – CNBC TV18
State Bank of India—the country’s largest lender—witnessed its wage bill for the September quarter decline by 22% to ₹14,807 crore. That was the lowest employee cost for the bank in absolute terms over the last eight quarters. Further, the double-digit drop in employee cost is also the biggest since June 2008. As of September end, […]
Neelkanth Mishra advises buying bank stocks – CNBC TV18
Neelkanth Mishra, Chief Economist at Axis Bank and Head of Global Research at Axis Capital, recommends banking stocks to investors, citing improving liquidity conditions and an expected boost in credit growth. “…the challenge over the last two years has been that on the quantity side, I mean the raw material that the banks work with […]
Banks, rate-sensitive stocks volatile after RBI status-quo, GDP projections maintained – CNBC TV18
Shares of rate-sensitive sectors such as banking, finance, auto, and real estate were trading on a mixed note after the Reserve Bank of India’s (RBI) policy decision. While the Nifty Bank index was trading lower at 49,968.20, the auto index was trading flat at 24,920.30. NSE realty index, on the other hand, was trading 0.11% […]