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Mumbai, October 25: Private sector lender Kotak Mahindra Bank on Saturday reported a 2.7 per cent year-on-year (YoY) decline in its net profit at Rs 3,253 crore for the July-September quarter (Q2 FY26). The bank had posted a net profit of Rs 3,344 crore in the same period last year. Despite the marginal dip in profit, the bank's net interest income (NII) rose 4 per cent (on-year) to Rs 7,311 crore from Rs 7,020 crore in Q2 FY25, while the net interest margin (NIM) stood at a healthy 4.54 per cen ...Read More >
Mumbai, Oct 25 (SocialNews.XYZ) Private sector lender Kotak Mahindra Bank on Saturday reported a 2.7 per cent year-on-year (YoY) decline in its net profit at Rs 3,253 crore for the July-September quarter (Q2 FY26). The bank had posted a net profit of Rs 3,344 crore in the same period last year. Despite the marginal dip in profit, the bank's net interest income (NII) rose 4 per cent (on-year) to Rs 7,311 crore from Rs 7,020 crore in Q2 FY25, while the net interest margin (NIM) stood at a health ...Read More >
Mumbai, Oct 18 (PTI) Private sector lender IndusInd Bank on Saturday reported a loss of Rs 437 crore in the September quarter, as it chose to identify and provide for additional stress in the microfinance portfolio. The Hinduja group-promoted lender had reported a net profit of Rs 1,331 crore in year-ago period and Rs 604 crore in the preceding June quarter. In March, it booked a loss of Rs 2,329 crore amid a crisis over shoddy corporate governance, wrongful accounting practices and executive ...Read More >
Lucknow, Jul 19 (PTI) The Uttar Pradesh Police on Saturday said they have busted a large-scale illegal religious conversion racket and arrested 10 people from six states. The probe began in Agra in March after two sisters -- aged 33 and 18 -- were reported missing. Investigations revealed that they were allegedly coerced into religious conversion and were undergoing radicalization, the police said. One of the sisters had also put a picture of a girl holding an AK 47 rifle as her profile pictur ...Read More >
MUMBAI: Stable asset quality and a spike in other income boosted the June quarter net income of Yes Bank by 59.4 percent year-on-year to Rs 801 crore. This is the bank's highest quarterly profit since its reconstruction in March 2020. The management led by chief executive Prashant Kumar attributed the rise net profit to strong growth in non-interest income, improved cost efficiency, and stable asset quality. Net interest income for the quarter rose 5.7 percent to Rs 2,371.5 crore, aided by an ...Read More >
Srinagar, Jul 19 (PTI) Former separatist leader Bilal Gani Lone has held the Hurriyat Conference responsible for its own irrelevance, calling the separatist conglomerate "non-functional", while also slamming Pakistan for creating a "mess" and "fissures" in Jammu and Kashmir. The comments of Lone mark a significant departure from traditional separatist rhetoric, acknowledging that both the Hurriyat and Pakistan had "faltered" on opportunities to bring progress to the region. The next generation ...Read More >
Mumbai: Private sector lender RBL Bank on Saturday posted a 46 per cent drop in its June 2025 quarter net profit to Rs 200 crore as it faced challenges on the core income front. The lender had posted a net profit of Rs 372 crore in the year-ago period, while the same figure had stood at Rs 69 crore in the preceding March quarter. Its core net interest income degrew 13 per cent to Rs 1,481 crore, impacted by an over 1.15 per cent drop in the net interest margin to 4.5 per cent against 5.67 per ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in ...Read More >
CHENNAI: Public sector Indian Overseas Bank (IOB) on Friday reported a 75.6% rise in net profit in the quarter ended June 30, 2025 at Rs 1,111 crore against Rs 633 crore during the corresponding quarter last year. It was on the back of growth in interest income YoY by 13% at Rs 7,386 crore in Q1 FY26 and other income. The Chennai-headquartered bank will raise Rs 4,000 crore likely by Q3 of the current fiscal. It has also received approval from its board for raising Rs 10,000 crore through infras ...Read More >
Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy ...Read More >
Mumbai: Axis Bank reported a 4% fall in its June quarter net profit to ₹5,806 crore, below consensus estimates, as provisions rose sharply at the private lender and business income was tepid. Analysts polled by Bloomberg had estimated PAT at ₹6,375.8 crore. The lender had reported profits of ₹6,034.6 crore in the same period last year. Net interest income or the core income of the bank for the quarter under review was flat at ₹13,560 crores versus ₹13,448 crore in the corresponding quarter last ...Read More >
New Delhi [India], July 9 (ANI): The NBFC and insurance segments are expected to perform better in the second half of FY26, supported by a friendlier regulatory environment and continued growth push from both regulators and the government, according to a report by Emkay Research. The report noted that easing regulations in both the NBFC and insurance sectors, along with growth-focused measures by authorities, are setting the stage for a stronger performance in the second half of the fiscal year ...Read More >
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