Chairman Dinesh Khara however reiterated the bank’s target of maintaining a return on equity (RoE) of 15% on a sustainable basis even as he maintained that the bank will continue to record loan growth of 14% to 16%.
Goodluck India’s net profit grows 72% to Rs 32 crore in Q3
Steel products maker Goodluck India Ltd on Saturday posted a 72 per cent rise in its consolidated net profit at Rs 31.75 crore during the quarter ended December 2023, aided by higher income. It had clocked a net profit of Rs 18.40 crore during the October-December period of preceding 2022-23 financial year, the company said in a statement.
Reliance Power Q3 net loss widens to Rs 1,136.75 crore
The company’s total income increased marginally to Rs 2,001.54 crore in the reporting quarter compared to Rs 1,936.29 crore in the year-ago quarter.
Irdai gives nod for Bandhan Fin’s takeover of Aegon Life
With this, all regulatory approvals for the proposed acquisition are in place. Bandhan received the Reserve Bank of India’s go-ahead four weeks ago.
Adani Ports rises 3.5% post Q3 numbers, analysts bullish
The average analyst price target on Adani Ports available on Bloomberg after the third quarter results stood at Rs 1,301.05, implying an upside of 3.1% over Friday’s closing. Analysts said the company’s record profit was driven by strong volumes and the growth outlook remains strong.
Borrowing costs ease sharply in banking system
On Friday, the weighted average rate on tri-party repos closed at 6.32%, almost 20 basis points lower than the RBI’s repo rate of 6.5%, Clearing Corporation of India (CCIL) data showed. In theory, overnight rates are supposed to be closely aligned with the repo rate, which is the rate at which the RBI lends to banks.
Taking Stock: Nifty hits new high, Sensex up 440 points; oil gas shine, banks a drag
The market posted biggest weekly gains in last two months, as the Sensex and the Nifty rose 2 percent each in the Budget weekNifty conquers Mt 22k, Sensex closes in on new high as Budget uncertainty ends
The Nifty scaled a fresh record high of 22,080.20 after the air cleared around two major events — the Interim Budget and the US Federal Reserve#39;s monetary policy meetingNifty hits record high, Sensex closes in on new peak as Budget uncertainty ends
The Nifty scaled a record high of 21812.00 after the air cleared around two major events — the Interim Budget and the US Federal Reserve#39;s monetary policy meeting.Facebook parent Meta declares first dividend, shares soar
The social media giant is the first of its generation of internet juggernauts to issue a dividend, a milestone for a tech sector that has been dominated by the same handful of companies for well over a decade.