Mumbai, July 24 (IANS) State-owned Bank of Baroda on Friday reported a sharp 71.9 per cent decline in its net profit for the April-June quarter (Q1 FY27), as a substantial one-time loss of Rs 5,680 crore weighed heavily on its bottom line despite healthy growth in net interest income and interest earnings.The public sector lender posted a net profit of Rs 1,278 crore for the quarter ended June, compared with Rs 4,541 crore in the corresponding quarter of the previous financial year (Q1 FY26), ac…
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New Delhi, July 23 (IANS) Shares of private sector banking stock IndusInd Bank fell more than 6 per cent in early trade on Thursday after the bank posted its June quarter earnings.The banking stock plunged as much as 6.29 per cent to 1002.50, hitting an intraday low of Rs 1,002.50 on the BSE at around 11:50 am.At the last count, the stock was trading at Rs 1,006.75, a decrease of 5.90 per cent.The selling pressure in the banking stock came after the private lender reported a consolidated net pro…
Mumbai, July 17 (IANS) Central Bank of India on Friday reported a 13.3 per cent year-on-year increase in its net profit for the first quarter (Q1 FY27), driven by healthy growth in net interest income and lower provisions, even as its operating profit declined during the quarter.The state-owned lender posted a net profit of Rs 1,324 crore for the April-June quarter, compared to Rs 1,169 crore in the corresponding period of the previous financial year (Q1 FY26), according to its stock exchange fi…
Mumbai, April 30 (IANS) IDBI Bank on Thursday reported a 5 per cent decline on its net profit for the fourth quarter ended March 31 (Q4 FY26) to Rs 1,943 crore.The bank clocked a net profit of Rs 2,051 crore in the corresponding quarter of the previous financial year (Q4 FY25), according to its stock exchange filing.It reported 11.7 per cent year-on-year (YoY) jump in its net interest income to Rs 7,798 crore in Q4 FY26, compared to Rs 6,978 crore in year-ago period.However, operating performanc…
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 25 (IANS) Private lender Axis Bank on Saturday reported a 0.64 per cent drop in profitability for the March quarter (Q4) of FY26, with net profit dropped 0.64 per cent year-on-year (YoY) to Rs 7,071 crore.The lender had posted a net profit of Rs 7,118 crore in the corresponding quarter of the previous financial year (Q4 FY25), according to its latest stock exchange filing.The bank’s interest income showed healthy growth during the quarter, rising 4.7 per cent to Rs 32,724 crore f…