New Delhi, July 6 (IANS) Strong growth in bank lending is expected to be the main driver of Indian banks’ profitability even as net interest margins remain flat or marginally lower in the first quarter of FY27, a report said on Monday.The report from Systematix Institutional Equities said banking system advances expanded by 17.7 per cent year‑on‑year as of May 2026, compared with 9 per cent YoY growth recorded in May 2025, marking the highest annual growth rate since June 2024.The report f…
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Mumbai, April 29 (IANS) Fino Payments Bank Limited on Wednesday reported a sharp decline in profitability for the March quarter, with net profit falling 70.4 per cent year-on-year to Rs 7.1 crore from Rs 24 crore in the same period previous financial year (Q4 FY25).Despite the drop in earnings, the bank showed resilience in core operating metrics. Net interest income (NII) rose 31.5 per cent to Rs 35.2 crore during the quarter, compared to Rs 26.8 crore a year ago, as per its regulatory filing.T…
Mumbai, April 18 (IANS) ICICI Bank on Saturday posted a consolidated net profit of Rs 14,755 crore for the fourth quarter of FY26, a 9 per cent year-on-year (YoY) rise.The second-largest private lender had reported a profit after tax (PAT) of Rs 13,502.22 crore in the corresponding quarter of the previous year.The lender’s core net interest income (NII) rose 8 per cent YoY to Rs 22,979 crore during the quarter, compared to Rs 21,193 crore in the same period last year, the bank said in an excha…