Bank of India's profit after tax was 47% above its estimates - a trend that was led by asset quality improvement as well as other factors such as strong fee income, recoveries and low credit cos Economics
Jefferies added that asset quality improvement was led by corporate recovery, while deposit growth could be a key monitorable going forward. Economics
Bank stocks are likely to steal the show on Monday after Saturday's earnings. Politics
IDBI Bank's Q2 gross non-performing assets improved to 2.65% from 2.93% in the previous quarter. Economics
Net interest income of PNB was nearly unchanged at Rs. 10,469 crore versus Rs. 10,517 crore a year earlier, down 1% sequentially, while provisions surged 123% year-on-year to Rs. 643 crore. Economics
IDBI Bank, IndusInd Bank, Federal Bank, Punjab National Bank and SML Isuzu are among the companies that will declare results on Oct. 18. Politics
Waaree Energies Ltd. shares will be in focus on Friday after reporting its best-ever quarterly performance with a significant surge in revenue and profit. Consolidated net profit more than doubled to... Politics
Waaree Energies revenue increased by 69.7% year-on-year to Rs 6,066 crore. Politics
India's Axis Bank climbs on improved asset quality, lower credit costs in second quarter Reuters Economics
The company's consolidated bottom-line for the quarter ended September rose to Rs 116 crore, more than doubling from Rs 53.5 crore in the corresponding quarter of the previous fiscal. Politics
The bank's current account-savings account deposits increased 4% to Rs 1.39 lakh crore, against Rs 1.33 lakh crore year-on-year. Economics
In two years, the bank navigated management transition, RBI embargo limiting unsecured loan growth, and asset quality issues in the MFI segment, the brokerage noted. Politics