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Aye Finance Q2 Results: Net profit more than doubles to Rs 87 croreAye Finance Ltd's net profit surged to Rs 87 crore in the second quarter of the financial year, a remarkable increase from Rs 35 crore in t...- Challenges ahead for Fairfax's management of IDBI Bank post ₹52,878 crore stake deal approvalFairfax Financial's subsidiary has acquired a 60.7% stake in IDBI Bank for ₹52,878 crore, leading to potential operational changes. The new...
- SBI hit by cyberattack, customer data leaked on dark web: All you need to knowA preliminary analysis found about 375,000 records on the dark web. Of these, 3,897 customer records contained personally identifiable info...
- Bajaj Finance shares fall 3% after Q2 results. What Jefferies, Nomura, other brokerages now expect?Bajaj Finance shares dropped on Wednesday after the NBFC reported a 29% year-on-year rise in Q2FY27 net profit to Rs 6,367 crore. Nomura an...
- These 7 banking stocks have an upside potential of up to 28% in 1 year, according to analystsIf FPI selling returns to the levels seen in April and May, financial sector stocks are the ones likely to be hit the most. This would be i...
- Steelmakers may outperform non-ferrous peers in Q2 as higher volumes support earningsNon-ferrous companies are expected to see a sequential decline in earnings, with revenue and Ebitda expected to fall 2% and 13%, respective...
- These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up 32%, according to analystsHistory tells us that there is no way you can time the markets or predict its movement. But one thing can certainly be said: If the macro m...
- Ireda net profit grows to Rs 554 cr in Sep qtrIreda has announced a net profit of Rs 554 crore for the September quarter of FY27, reflecting a robust financial performance. Revenue from...
- Bank of America arm seeks CCI nod for up to 49.9% in Jio CreditA summary of proposed transaction noted this involves Jio Credit, a non-banking financial company within the Jio Financial Services group. ...
- Canadian billionaire and Asian banking titans find ₹1.32 lakh crore worth of interest in IndiaIn recent months, foreign investment in India’s financial sector has grown significantly, resulting in major acquisitions. Fairfax Financia...
- Moody's sees limited impact on Fairfax leverage from IDBI Bank takeoverFairfax Financial Holdings is preparing to acquire a majority stake in IDBI Bank in India. The Canadian investor's acquisition aims to enha...
- NBFC stocks in focus: Rising funding costs threaten margins despite robust loan growth and asset qualityThe non-banking financial companies (NBFC) sector is set to enjoy robust earnings, thanks to strong credit demand and consistent asset qual...
- Private banks' margins fall as FCNR deposits raise funding costsIn the second quarter, leading private sector banks in India reported a drop in net interest margins. This decline was primarily caused by ...
- ICICI Bank Q2 net profit rises 20% to ₹14,843 crore; NIM slips to 4.18% as bank flags further pressure in Q3ICICI Bank reported a 20% year-on-year rise in Q2 net profit to ₹14,843 crore, supported by an 18% increase in net interest income. However...
- Bajaj Housing Finance Q2 Results: PAT rises 18% YoY to Rs 757 crore, AUM grows 25%Bajaj Housing Finance reported an 18% year-on-year rise in Q2 FY27 profit to Rs 757 crore, while net interest income increased 10%. Assets ...
- Nandan Nilekani calls for expanding Account Aggregators to reach street vendors for access creditNandan Nilekani emphasizes the importance of expanding the Account Aggregator framework to include self-employed individuals. He highlights...
- Companies shift to bank loans as bond costs rise, driving 81% share of fresh credit: JefferiesIndian companies are increasingly relying on bank loans as corporate bonds and other borrowing sources become more expensive, with banks ac...
- Astranova Mobility arm gets NBFC licence, targets Rs 5,000 cr AUM in 5 yearsAstranova Mobility's lending subsidiary, Novafusion Capital, receives approval from the Reserve Bank of India (RBI) to operate as a Non-Ban...
- Hardening bond yields to weigh on bank profits in September quarterFor the September quarter, Nifty 50 banks are forecasted to see an 11.5% rise in net interest income, yet net profits are expected to grow ...
- CreditAccess Grameen to raise $175 million overseas loans from DBS, Standard Chartered and othersCreditAccess Grameen is in the process of securing a $175 million loan from several international lenders. This funding will help enhance t...
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