ESAF SMALL FINANCE BANK LTD Q4 RESULTS
Bank stocks rally up to 3% as RBI announces measures to manage liquidity conditions
Bank stocks in Focus: Following the RBI's announcement, yields on the 10-year benchmark government securities are expected to dip toward 6.60% on Tuesday. On Monday, yields on the 10-year benchmark government security fell to a nearly three-year low of 6.64% intraday, driven by expectations of a possible rate cut ahead of the monetary policy meeting on February 7.
AU Small Finance Bank drops 8% as brokerages slash target prices after Q3 results
The Jaipur-based lender reported a 41% jump in net profit to Rs 528 crore for the December 2024 quarter, compared to Rs 375 crore in the same period last year
Q3 results today: Coal India, Tata Steel among 78 companies to announce earnings on Monday
The third quarter earnings season is ongoing with key companies like Coal India, Tata Steel, and Indian Oil set to announce their results. Tata Steel is expected to report losses due to weak Indian operations and forex issues, while Coal India may see a slight fluctuation in revenue amidst lower e-auction realizations.
Q3 results this week: Adani Enterprises, Bajaj Finance, Nestle, Maruti, Tata Steel among 140 companies to announce earnings
The third quarter (Q3 FY25) earnings season is underway, with 140 companies set to announce their results this week. Some of the prominent names include Tata Steel, Bajaj Auto, L&T, Adani Enterprises, Adani Ports, TVS Motor, Bajaj Finserv, Bajaj Finance, Maruti Suzuki, Tata Motors, IndusInd Bank, ONGC, and Nestle India, among others.
IDFC First Bank Q3 Results: PAT falls 53% YoY on account of higher provisions
Provisions for the quarter stood at Rs 1,338 crore as compared with Rs 655 crore in the year-ago quarter, driven by the higher slippages in the microfinance book. The bank said provisions were stable for the non-microfinance portfolio.
IDFC First Bank Q3 results: PAT declines 53% YoY; NII grows 14%
IDFC First Bank reported a 15% decline in net profit for Q3FY25, while its net interest income rose by 14%. The bank's gross NPA ratio improved to 1.94%, and customer deposits increased by 28.8% YoY. CASA deposits surged by 32.3%, and the CASA ratio stood at 47.7%.
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Market Wrap: Pharma, auto stocks drag D-St lower; Sensex skids 330 pts, Nifty below 23,100
Indian benchmark indices closed in the red on Friday, reversing early gains as concerns over a potential slowdown in corporate earnings overshadowed optimism about lower U.S. interest rates and declining oil prices.
AU Small Finance Bank Q3 Results: PAT surges 41% YoY to Rs 528 crore, shares climb 4%
AU Small Finance Bank reported a 41% YoY rise in Q3 FY25 net profit to ₹528 crore, driven by 50% interest income growth. Gross NPAs increased to 2.31% from 1.98%.
Q3 results today: IndiGo, JSW Steel among 81 companies to announce earnings on Friday
Companies like Bank of India, Aditya Birla Money, Centrum Capital, DCB Bank, EMS Ltd, Granules India, Trident, Ugro Capital, Vimta Labs and a few others will also declare their quarter results.
Suryoday Small Finance Bank Q3 Results: Profit slumps 42% to Rs 33 crore
Suryoday Small Finance Bank reported a 42% YoY drop in Q3 FY25 net profit to ₹33.3 crore due to higher expenses and worsening asset quality, despite 25.8% growth in gross advances.
Q3 results today: Zomato, Paytm among 37 companies to announce earnings on Monday
On Monday, key third-quarter earnings results will be announced by 37 companies, including Zomato and Paytm. Zomato is projected to see significant YoY revenue growth due to strong operations, while Paytm's revenue is expected to decline by 35-36%. Blinkit and other businesses also show varying performance.
Kotak Bank shares rally 9% after Q3 PAT rises 10% YoY. What should investors do?
Kotak Mahindra Bank shares: The Net Interest Income (NII) for Q3FY25 rose to Rs 7,196 crore, up 10% year-on-year from Rs 6,554 crore in Q3FY24. The Net Interest Margin (NIM) for Q3FY25 stood at 4.93%.
RBL Bank Q3 profit slumps 86% amid micro finance loan challenges
RBL Bank's net profit plummeted 86% to Rs 33 crore in Q3 FY24, mainly due to a Rs 414 crore provision for potential losses in its microfinance loans. Additional stress from unsecured lending segments and high net slippages in the credit card portfolio further impacted profitability.
Axis Bank Q3 Results: PAT jumps 4% YoY to Rs 6,304 crore, misses estimates
Axis Bank Q3 Results: The lender reported interest income of Rs 30,954 crore in Q3 FY25, an 11% increase from Rs 27,961 crore in the same period last year. It reported Rs 30,954 crore in interest income for Q3 FY25, an 11% rise from Rs 27,961 crore in the same period last year. Interest expenses grew 12% to Rs 17,348 crore from Rs 15,429 crore. Sequentially, PAT declined 9% to Rs 6,918 crore compared to Q2 FY25.
Stocks in news: Reliance Industries, Infosys, IRCTC, Wipro, Jio Financial, BPCL
India's top conglomerate Reliance Industries (RIL) third quarter earnings beat the Street expectations as the recovery in oil-to-chemicals and strong show from Jio Platforms aided growth.
Amazon to acquire Axio; Infosys Q3 results
Amazon adds digital lending platform Axio to cart. This and more in today’s ETtech Top 5.
Goldman Sachs Q4 Results: Strong deal pipeline powers profit beyond expectations
Goldman Sachs achieved its highest profit since Q3 2021, driven by strong dealmaking, debt sales, and trading. The bank reported $11.95 per share in Q4, beating expectations. Revenue surged across investment banking, asset and wealth management, with significant contributions from equity traders and a recovering M&A market.
HDFC AMC Q3 Preview: Revenue may surge up to 36.4% YoY amid strong AUM growth
HDFC Asset Management Company (AMC) is set to report its Q3 results on January 14, with analysts forecasting a revenue growth of 34.6% to 36.4% YoY and a net profit rise of 16.6% to 23.9% YoY. QAAUM is expected to surge by 42% to 48.8% YoY, driven by strong equity AUM growth.
After two muted quarters, earnings woes for banks are likely to continue in Q3. Here are 5 top picks ahead of the results season.
Indian banks are expected to face continued earnings pressure in Q3 due to subdued credit growth, rising funding costs, and NIM compression. Private banks may have better earnings momentum than public sector peers, supported by stronger asset quality and fee income growth.
HDFC Bank says Q3 deposit growth outpaces loan growth
HDFC Bank in India experienced higher deposit growth compared to loan growth in Q4 2023, with deposits rising by 4.2% and gross advances by 0.9%. The bank's loan-to-deposit ratio remains high at around 110%, prompting measures like selling retail loans. Indian banks overall show moderated loan growth for consecutive months.
Chris Wood's love for HDFC Bank rekindles at the cost of 4 other stocks
Jefferies' Chris Wood has re-added HDFC Bank and introduced Siemens India to their Asia ex-Japan portfolio. Investments in Macrotech Developers, L&T, ICICI Bank, Axis Bank, Samsung Electronics, and SK Hynix were adjusted. HDFC Bank shares are improving, with strong buy ratings and significant FII interest.
Utkarsh Small Finance Bank shares jump 4% after approving sale of NPAs worth Rs 355 crore
Utkarsh Small Finance Bank plans to sell its non-performing assets and written-off loans to an asset reconstruction company. The loans amount to an outstanding principal of approximately Rs 355 crore as of September 30, 2024. The sale will be conducted at a reserve price of Rs 52 crore.
Bank of Baroda shares in focus as lender to raise Rs 10,000 crore via long-term bonds
Shares of state-owned Bank of Baroda (BoB) will be in focus on Thursday after the bank’s board approved raising up to Rs 10,000 crore through long-term bonds. The funds will be used to finance infrastructure and affordable housing projects.
Kerala becomes battleground in banks’ fight for NRI deposits
Indian banks are intensifying their efforts to attract deposits from non-resident Indians, particularly in Kerala, a hub for NRI remittances. Banks are expanding their operations in the Gulf countries and offering specialised products and services to cater to the growing NRI customer base.
Unity Small Finance Bank Q2 Results: Profit rises 35% to Rs 187 crore, NPA down to 4.3%
Centrum group promoted Unity Small Finance Bank said it earned a net profit of Rs 187 crore in the September quarter as compared with Rs 138 crore in the year ago period, (up 35% YoY) backed by Rs 18 crore recovery from written off accounts.
AU Small Finance Bank Q2 Results: Profit soars 42% to Rs 571 crore on Fincare SFB buy
Net interest income grew 58% year-on-year at Rs 1,974 crore as compared while other income rose 57%, driven by fee income, third-party product distribution and credit cards.
Jana Small Finance Bank Q2 Results: Net profit slides 21% YoY to Rs 97 crore
The bank's non-performing assets ratio increased to 2.97% in September, up from 2.44% a year earlier. Provisions rose to Rs 210 crore from Rs 160 crore, impacting net profit. Pre-provision operating profit reached Rs 299 crore, slightly above last year's Rs 283 crore, while net interest income increased to Rs 594 crore from Rs 526 crore.
Get up to 9% FD interest rate: Which bank is offering the highest fixed deposit interest rate in October?
Best FD rates:The interest rates for fixed deposits (FDs) are currently increasing due to several rate hikes by the RBI in 2022. The fixed deposit interest rates for public, private, small finance banks, and foreign banks are as follows.
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