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ICICI Bank Q1 net rises 12% to Rs 2,976 crore; scrip jumps 6%ICICI Bank Ltd reported a 12 per cent rise in quarterly profit, beating estimates, and its bad loan ratio fell sequentially, sending its sh...- Earnings impact: Bank of Baroda surges 10%, ITC gains 4% and Dr Reddy's 5%Bank of Baroda, ITC and Dr Reddy's were on a roll today after they reported their quarterly earnings. Here's the lowdown:
- Non-performing assets are up; Can investors still bet on the banking sector?The banking sector, bogged down by weak asset quality, was the main reason why the overall aggregate net profit fell in the last quarter.
- HDFC Q3 net profit rises 11.5% on higher loan growthIts loan book stood at Rs 2.19 lakh crore as of December 31, 2014, as against Rs 1.92 lakh crore in the same period of previous year.
- ICICI Bank shares slip after marginal rise in Q1 profitShares of ICICI Bank today fell by over 1% amid profit-booking after the co reported a 3% rise in consolidated profit for the April-June qu...
- HDFC Bank will 'outperform', but no return to 30% net soon"We see limited risks to earnings growth as the bank spreads out its branches further and credit costs will get cushioned by floating buffe...
- Other income helps ICICI beat estimates; non-interest income increased 35%, net profit up 15%ICICI Bank, India's largest private sector bank by assets, posted a 15% rise in quarterly net profit, driven by dividend from subsidiaries ...
- Earnings review: HDFC Bank earnings growth fails to meet expectationsThe bank said Mar quarter net rose 23% driven by treasury income as well as lending to corporates which grew faster than its traditional st...
- Axis Bank Q3 net up 19% at Rs 1,604 crIt reported total income of Rs 27,867.75 crore in the first three quarters, compared to Rs 24,678.96 crore in the same period last financia...
- Bank Nifty plunges over 4% as outlook remains weakAnalysts are of the view, high inflation and all-time low rupee levels will make it difficult for the central bank to announce any rate cut...
- SBI Q4 net profit falls 19% on higher provisioning, decline in net interest marginSBI’s posted a quarterly net profit of Rs 3,299 crore, compared with Rs 4,050 crore in the year-ago period.
- ICICI Bank Q4 net profit up 21% at Rs 2300 crore, meets forecastsThe bank posted a net profit of about Rs 23 billion for the January-March quarter, compared with Rs 19.02 billion a year earlier.
- Expect marginal decline in NII of SBI: Saday Sinha, VP, Kotak SecuritiesIn an interview with ET Now, Saday Sinha, VP, Kotak Securities, shares his expectations from SBI’s upcoming Q3 results. Excerpts:
- HDFC Q3 net profit up 27.5 per cent at Rs 1,706 croreHousing finance major HDFC today reported a 27.55% jump in net profit at Rs 1,705.83 crore for the quarter ended Dec 31.
- Reforms push extends rally in public sector bank stocksAll PSU stocks have outperformed the benchmark index over the past nine trading sessions. While 10 stocks rose 20-33%, another 13 gained 10...
- PSU banks to benefit highly from SEB loan recast: Saday Sinha, Kotak SecuritiesBut in medium to long term, it is a positive. The exposure to the power sector was lending a bad name to PSU banks. That will certainly go.
- Banking stocks may gain more on hopes of economic revival"We are positive on the banking space in view of a likely economic revival," said Ramanathan K, executive VP & head, ING Investment Managem...
- Bank stocks led by Axis Bank, Union Bank, ICICI Bank rally on rate cut hopesThe BSE Bankex was one of the major gainers on Tuesday, having risen by a little over a per cent.
- Retail lending scripts SBI turnaround story; record quarterly profit of Rs Rs 4,050 croreHigher interest income and lower provisioning for bad loans helped SBI report earnings that may wipe out worries about its financial health.
- Shorts surge on ICICI Bank on bad loan fearsShort positions in ICICI Bank stock futures surged after the five-year credit-default swaps on the lender rose 88 basis points to 483 point...
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