ICICI BANK Q3
HDFC Bank Q1 Update: Advances soar 53% YoY to Rs 24.87 lakh cr; deposits jump 24%
Excluding the impact of the HDFC merger with the bank on July 1, 2023, the bank's gross advances grew by 15% compared to the same period last year. During the first quarter, retail loans increased by approximately Rs 18,600 crore, and commercial and rural banking loans grew by around Rs 7,200 crore. However, corporate and other wholesale loans decreased by Rs 26,600 crore compared to the preceding March quarter.
RIL, M&M contribute nearly 3,000 points to the 10K rally of Sensex
Reliance Industries was the top contributor adding 1,927 points. The country’s largest company by revenue and market capitalisation gained 26.3% since December 11, 2023 when the Sensex had touched 70,000 for the first time.
YES Bank Q1 Update: Advances rise 15% YoY to Rs 2.29 lakh cr, deposits grow 21%
The bank's credit-to-deposit ratio for the first quarter was 86.4%, down from 91.3% in the same quarter last year. During the April-June 2024 period, the liquidity coverage ratio improved to 137.8%.
ICICI Bank raises Rs 3,000 crore through 10-year infra bonds
Funds raised through infrastructure bonds, which have a minimum maturity of 7 years, are exempted from the maintenance of Statutory Liquidity Ratio and Cash Reserve Ratio.
RVNL, Suzlon among top 3 stock ideas of the week from Rupak De
Nifty has been favouring non-directional trades for the last few days. But the FII long-short ratio suggests that the FII short percentage in index futures has come down from 87% at the start of the series to 43% in the previous session. This trend hints at a significant short unwinding, says Rupak De.
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Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
Paytm Bank slows down in Fastag lane; q-comm in soup over food safety
Happy Friday! Banks are gaining ground in the toll payments space as Paytm Payments Bank’s market share continues to plummet. This and more in today’s Morning Dispatch.
NDA government 3.0 hopes fuel Street rebound
India's equity indices surged over 3% on Wednesday following a 6% plunge due to election results. Stocks rebounded on expectations of NDA forming the government. Market volatility is expected until government formation, with limited upsides currently.
Stage set for Modi 3.0; which sectors are likely to see growth?
With BJP bagging 240 seats and NDA 291, a much less than expected results in the polls, investors will be looking forward to reviewing their portfolio, prompting predictions on policy recalibration by experts.
Karnataka Bank Q4 Results: Net profits dips 23% YoY to Rs 274 crore, dividend declared at Rs 5.5 per share
Its net interest margin, a key profitability metric, fell 57 basis points to 3.3% for the quarter as compared with 3.87% seen in the year-ago period. Net interest income was 3% lower at Rs 834 crore.
Paytm Q4 Results: Loss widens to Rs 550 crore; revenue drops 3% YoY
Paytm Q4 Results: The fintech major's March quarter results were impacted by temporary disruptions on account of the UPI transition and permanent disruption because of the payments bank embargo. The company said Payment Bank's products like Paytm wallet and FASTag were distributed but due to the current embargo, it anticipates a steady state of an annualised direct impact on EBITDA to be around Rs 500 crore.
City Union Bank Q4 Results: Net profit jumps 17% YoY to Rs 254.81 crore
Private sector City Union Bank has reported a 17 per cent jump in its net profits at Rs 254.81 crore for the January-March 31, 2024 quarter, based on improved recovery from slippages.
Bandhan Bank Q4 Results: Net profit slumps 93% YoY to Rs 55 crore
Sharply higher provisioning dragged Bandhan Bank's March quarter net profit down by 93% at Rs 55 crore against Rs 808 crore in the year-ago period.
Bandhan Bank Q4 Results: Lender posts PAT at Rs 55 crore on higher provisions; NII at Rs 5,189 crore
The fall in profit after tax (PAT) could be attributed to higher provisions reported in Q4FY24 at Rs 1,774 crore compared to Rs 735 crore in Q4 FY23.
M&M Q4 Preview: Volume to drive 7% YoY revenue growth but tractor sales may disappoint
Three brokerage firms anticipate the auto giant's net profit to fall within the range of Rs 1,777 crore to Rs 2,079 crore. Revenue from operations is projected to reach Rs 24,051 crore. In the corresponding period last year, M&M disclosed a standalone PAT of Rs 1,549 crore and revenue of Rs 22,571 crore.
Tata Motors Q4 Results Preview: PAT likely to jump 33% YoY to Rs 7,640 crore on higher volume
Tata Motors Q4 Results Preview: The projected profit after tax (PAT) falls within the bracket of Rs 7,438 crore to Rs 8,350 crore, while the anticipated revenue is forecasted to range from Rs 1,05,932.40 crore to Rs 1,21,606.80 crore, as indicated by the estimates.
PNB Q4 results: Net profit surges 160% YoY to Rs 3,010 crore; NII rises 9%
Public sector lender Punjab National Bank (PNB) on Thursday reported a 160% year-on-year (YoY) surge in Q4 net profit at Rs 3,010 crore, while the net interest income (NII) rose to Rs 10,363 crore in the quarter, rising 9% YoY.
Canara Bank Q4 Results: Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11%
Canara Bank Q4 Results: The company's Board has also recommended a dividend of Rs 16.10 per share, 161% of face value each, for the financial year 2023-24
ICICI Bank beats estimates to post 17% rise in Q4 profit
ICICI Bank excelled in Q4 with a 17% net profit increase, reaching ₹10,707.5 crore. Fiscal 2024 witnessed a 28% rise to ₹40,888 crore. The bank prioritizes technology, economic growth, and regulatory compliance for future success.
ICICI Bank declares Rs 10/share dividend
India's second largest private lender ICICI Bank today reported a standalone net profit of Rs 10 707.53 crore for the quarter ended March 31, 2024 which was up by 17.38% from Rs 9121.87 crore reported in the year ago period.
ICICI Q4 results: Net profit jumps 17% YoY to Rs 10,708 cr; announces dividend of Rs 10/sh
ICICI Bank Q4 Result: India's second-largest private lender, disclosed a standalone net profit of Rs 10,707.53 crore for the quarter ending March 31, 2024. This marks a notable increase of 17.38% compared to Rs 9,121.87 crore reported in the corresponding period last year. Furthermore, ICICI Bank recorded an interest income of Rs 37,948.36 crore during the quarter, reflecting a robust growth of 22.33% from Rs 31,021.13 crore reported in the same period last year.
ICICI Bank Q4 Earnings Today: PAT likely to rise nearly 18% YoY, NII growth seen at 4-8%
ICICI Bank Q4 Earnings Today: The March quarter is expected to witness a year-on-year (YoY) increase in net profit of up to 18%, as projected by an average estimate from four brokerages. However, it's anticipated that the top line, specifically the net interest income growth, may not keep pace with the bottom line.
Yes Bank Q4 Earnings Today: Strong PAT growth likely even as NII may fall 3% YoY
Yes Bank Q4 Earnings Today: Estimates from three brokerages suggest that Yes Bank is poised to announce a net profit ranging from Rs 252 crore to Rs 427 crore for the quarter ended March 31, 2024. This forecast indicates a year-on-year (YoY) increase of 24% to 111% compared to the same quarter of the previous financial year, during which the lender recorded a profit after tax (PAT) of Rs 202 crore.
ICICI Prudential Q4 Results: Net profit drops 26% YoY to Rs 174 crore, net premium income up 17%
ICICI Prudential saw a lower new business margin in Q4, hurt by a persistent decline in demand for high-value policies and as customer preferences shifted towards low-margin products. Value for new business (VNB), the expected profit from new policies, fell 19% to Rs 2,227 crore for the year ended March 31, dragging the VNB margin to 24.6% from 32% a year earlier.
Q4 results this week: HDFC Bank, Infosys, Wipro among 61 companies that'll announce earnings
Q4 results: Apart from the IT majors Wipro and Infosys, leading financial companies HDFC Bank and Jio Financial will also report their quarterly earnings during the week.
Banks Q4 earnings preview: In line with Q3, a moderate quarter likely. Top stocks to buy
Q4 earnings preview indicates private banks may outperform public sector lenders due to tight liquidity. JM Financial expects 5% earnings growth, while analysts focus on NII growth, asset quality improvement, and stock outlook based on deposit performance.
ICICI Bank Q3 Results: PAT jumps 24% YoY to Rs 10,272 crore, beats estimates
ICICI Bank Q3 Results: Net interest income (NII) increased by 13.4% YoY to Rs 18,678 crore in Q3 from Rs 16,465 crore in the corresponding quarter of last year. Total period-end deposits grew by 18.7% YoY to Rs 13,32,315 crore while the domestic loan portfolio grew 18.8% YoY to Rs 11,14,820 crore at the end of the December quarter.
ICICI Bank Q3 results today: Know what brokerages say ahead of earnings?
ICICI Bank is expected to report a 20% YoY growth in net profit at Rs 9,984 crore, and net interest income (NII) of Rs 18,474.30 crore for the December quarter. The bank's earnings are likely to be aided by a higher than industry growth in the loan book, lower credit costs, and steady asset quality. The loan book is expected to grow by 18.4% YoY, with healthy momentum in the retail and SME segments. Deposits are expected to grow by 19.2% YoY, with CASA at 40.9% as of December end. NIMs may experience a compression of 10 bps QoQ.
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