At the third edition of the trade fair, top CEOs talk about discouraging speculators and getting their ‘in demand’ beauties on the wrists of real watch lovers

It was the effort of four photographers, 14 models, and three stylists, and was shot at four locations

The new line of belts and bags are made from a plant-based, plastic-free material called Mirum

Sip a coffee as you browse designer brands at the recently-opened The Galleries at 32nd in Gurgaon

NIM moderates as deposits outpace credit growth

Net interest margin rose to 9.7 per cent in Q2FY25 against 9.4 per cent in Q2FY24

The portfolio asset quality continues to improve with Gross NPA at 1.24 percent as on end September 2024

Analysts from PL Capital and Axis Capital estimate a slowdown in loan growth to 12%, down from 19% in the previous year, and a dip in deposit growth to 9% from 15%

BoB had reported a net profit of Rs ₹4,253 crore in the year ago quarter (Q2FY24)

The private sector lender had reported a net profit of ₹1,323 crore in the year ago quarter

Murugappa Group’s NBFC, Cholamandalam Investment & Finance Co Ltd, reported a strong double-digit growth across key metrics in the September quarter and the first half of this fiscal year. Net income for Q2 surged 37 per cent y-o-y to ₹3,238 crore, up from ₹2,367 crore.

During the year, the number of branches and employees of foreign banks in India also expanded by 0.6 per cent and 1.4 per cent, respectively

The Kolkata-based lender had posted a net profit of ₹ 721.16 crore for the first quarter last fiscal

Yes Bank’s standalone net profit more than doubled to ₹5.53 billion for the financial second quarter from ₹2.25 billion in the same period a year earlier

NIM moderated 9 basis points sequentially to 4.27 per cent on higher cost of funds

Its consolidated total income stood at around Rs ₹13,706 crore in Q2 FY25, compared to Rs ₹13,092 in Q1 FY25

YES Bank targets 17-18% deposit growth, loan growth of 13-14% in FY25; CEO Prashant Kumar says this can be the ‘right time’ to acquire an MFI

SBI Chairman CS Setty accepted the award

On a standalone basis, PNB’s net profit for the quarter under review increased 145 per cent to ₹4,303 crore (₹1,756 crore)

For the first half of the fiscal, the bank’s net profit exceeded ₹5,000 crore, totalling ₹5,110 crore, up from ₹3,697 crore

Move will lead to lower reliance on bank borrowing

Net interest income grew by 12 per cent to ₹596 crore, up from ₹533 crore a year earlier

Bank to sell more stake in associate company Equirus Capital, raise ₹1,500 crore via infra bonds in H2

Deposit to continue growing faster than credit in H2FY25

Global deposits were ₹13,47,347 crore, up by 9.34 percent, while gross advances reached ₹10,11,997 crore growing by 9.53%

For the quarter ended September 30, 2024, the company’s net profit surged by 34 per cent to ₹268 crore, up from ₹199 crore

To focus on secured loan products

With a 10,000-branch network, MD & CEO Goel eyes significant growth opportunities to expand business and scale new heights.

Total revenue from operations up 8 per cent in Q2 to ₹ 4,421 crore

The total income for the quarter touched ₹Rs109.79 crore and the company disbursed loans amounting to ₹Rs643.50 crore during the quarter

The company’s newly launched Emerging Business segment, focusing on small business loans and affordable housing finance, disbursed Rs.₹42 crore during the second quarter of 2024

IIFL Finance’s gold loan book had shrunk from ₹26,000 crore in early March 2024 to ₹10,000 crore by September 19, 2024

Bankers expect pressure on NIM to continue in Q3

Quarterly disbursements slightly decreased to ₹6,860 crore from ₹6,941 crore year-on-year

The facility for exchange of the ₹2000 banknotes is available at RBI’s 19 Issue Offices since May 19, 2023, per a central bank statement

The NPAs on block were part of YES Bank’s legacy bad loan portfolio.

The proposed move is part of the Government’s ‘One State-One RRB’ goal

The Company achieved a 22 per cent % year-on-year increase in net profit in Q2 FY25, driven by business growth, stable asset quality, and a continuous focus on enhancing productivity

Shriram General’s Gross Written Premium rose by 15% to ₹861 crore during the same period.

Although this profit figure is lower than the ₹60 crore recorded in the previous quarter, it marks the fourth consecutive profitable quarter for the company.

Total consolidated operating income for the quarter was ₹2,633.1 crore, a 22.1 per cent increase from the same quarter last year

This investment is part of BFL’s $1 billion fundraising goal and aims to support India’s climate goals while promoting financial inclusion

Crosses over 100 million Monthly Transacting Users milestone

Bankers are expecting another muted earnings quarter in Q3, and better business performance from Q4 onwards

Axis Capital sees the SBI’s loan growth in at 15 per cent vs 16 per cent in the first quarter

Shriram Life sold 2.83 lakh individual policies, a 96 per cent increase from the previous year

Higher non-interest income aids PAT growth; NIM moderates q-o-q

Second quarter standalone net profit declined about 4 per cent year-on-year (y-o-y) to Rs ₹7,621 crore

A lump sum investment of ₹10 lakh at the time of inception in October 31, 2002 will be worth about ₹7.26 crore given compounded annual growth rate of 22 per cent