CSB BANK LTD Q4 RESULTS
These 9 bank stocks can give 22-56% returns in 1 year, according to analysts
While it may have not made it headline, there has been some sort of underperformance in the banking space. Is it because the Street is expecting that banking numbers are going to come under pressure due to rising costs and probably for the next one or two quarters numbers are not going to be good. So maybe the underperformance is an opportunity for investors looking for long-term investments. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components — earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
India's GDP hits 15-month low of 6.7% in Q1FY25
India's gross domestic product grew at 6.7 per cent for Q1FY25. Experts were anticipating moderate growth for this quarter, attributing their expectations to the general elections of 2024, a slump in urban consumption and a previously-sluggish rural growth. The Reserve Bank of India had in August projected India's GDP to grow at 7.1 per cent for the first quarter of fiscal year 2024-25.
HDFC Bank, ICICI Bank, SBI among 12 ‘buy’ ideas from brokerages post Q1 results
While the banking sector saw moderate Q1 earnings with most banks contracting margins and higher credit costs, brokerages remain optimistic. HDFC Bank, ICICI Bank, and SBI are top recommended stocks, despite a lagging performance. Axis Bank, Bank of Baroda, and Indian Bank show greater potential upside.
Q1 results shocker: 40 companies report more than 50% drop in profit
The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.
These 9 bank stocks can give 28-39% returns in 1 year, according to analysts
While they have been under pressure in the short term, the fact is that in the last three years, banks have made a comeback. So, there will be phases of correction once in a while but because the operation matrix has improved, there is a higher probability that the banks will deliver returns in the medium term. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components — earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
There is more to banking than SBI and HDFC Bank: 7 bank stocks which are a kind of hybrid of PSU and Private banks
In the last few days, there has been a debate about PSU and private banks. A debate which partially has been ignited by the fact that in the last few trading sessions both the PSU and private banks have come under pressure. There is a third set of banks which once again not finding much mention on the street. But the fact is that over the last few years, they have been improving their performance. The reason for the improvement is simple, when RBI makes a change in law, it applies equally to all, whether it is HDFC banks or SBI or a bank which is neither private nor public and is some sort of hybrid. So, these lesser talked ones are a set which come with their own shortcoming and strength.
Moneyboxx Q1 Results: Company reports Rs 4.30 cr profit
The company said it is supported by 33 lenders, including prominent banks such as State Bank of India, HDFC Bank, Kotak Mahindra Bank, RBL and IDFC First Bank.
SoftBank Q1 Results: Co books $70.7 million profit
Japanese technology investor SoftBank Group reported a net profit of 10.4 billion yen ($70.7 million) in the April-June quarter, driven by strong tech stock valuations, but missed analysts' expectations of 109 billion yen ($748 million).
BoI posts 10% YoY rise in Q1 net profit
Net Interest Income (NII), or the difference between the income earned on lending and cost of borrowing, increased 6% from a year ago to ₹6,275.8 crore, the bank said on Saturday.
SBI Q1 Results: PAT rises marginally YoY to Rs 17,035 crore, beats estimates
SBI Q1 Results: The public sector lender reported PAT at Rs 16,884.29 crore in the year-ago period. The Street had estimated PAT at around Rs 16,786 crore. During the reported quarter, the interest earned amounted to Rs 1,11,526 crore, marking a 16% increase compared to the Rs 95,975 crore reported by the lender in the same quarter of the previous financial year. The bank's interest expenditure for the April-June quarter was Rs 70,401 crore, up from Rs 57,041 crore, representing a 23% year-over-year increase.
Bank of Baroda Q1 Results: Profit rises 9.5% to Rs 4,458 crore
Bank of Baroda (BoB) on Wednesday reported a 10 per cent increase in standalone net profit to Rs 4,458 crore in the June 2024 quarter, helped by a decline in bad loans. The state-owned bank had posted a net profit of Rs 4,070 crore in the year-ago period.
CSB Bank Q1 Results: Net profit falls 14% YoY to Rs 113 crore, NII marginally lower
Private sector CSB Bank on Monday reported a 14% year-on-year fall in net profit for the June quarter due to higher provisions and a squeeze in net interest income..
Q1 results today: Adani Total Gas, Adani Wilmar among 95 companies to announce earnings on Monday
Q1 Results Today 29 July 2024: Apollo Pipes, ASK Automotive, Bharat Electronics, Colgate Palmolive, CSB Bank, Elnet Technologies, Fredun Pharmaceuticals, Ideaforge Technologies, Indian Bank, NDTV, Pfizer India, Whirlpool, Wonderla Holidays among others will announce their quarterly results. | Latest Updates
Q1 results this week: ITC, SBI, TaMo, Zomato among 130 firms to announce earnings
This week, several prominent companies released their June quarter financial results. Firms like ITC, SBI, Adani Ports, Tata Motors, and M&M showcased their reports between July 29th and August 3rd. The updates offered a glimpse into their quarterly performance, engaging the attention of investors and stakeholders.
IndusInd Bank Q1 Results: Cons PAT rises 2% YoY to Rs 2,171 crore, NII jumps 11%
IndusInd Bank Q1 Results: The lender had reported a net profit of Rs 2,124 crore in the year-ago period. Net interest income for the first quarter of FY 2025 rose by 11% compared to the same period last year, reaching Rs 5,408 crore. Despite this increase, the net interest margin remained stable at 4.25%. While gross and net non-performing assets (NPAs) saw a slight uptick to 2.02% and 0.60% respectively, the provision coverage ratio (PCR) held steady at 71% as of June 30, 2024.
Canara Bank Q1 Results: Profit rises 10% YoY to Rs 3,905 crore, NII up 6%
Canara Bank Q1 Results: Net interest income or NII during the reporting quarter increased 6% year-on-year to Rs 9,166 crore as against Rs 8,666 crore in the last year period. Provisions for Q1 fell 16% YoY to Rs 2,282 crore, of which provisions for the non-performing assets declined 10% YoY.
Axis Bank Q1 Results: Standalone PAT rises 4% YoY to Rs 6,035 crore, NII jumps 12%
Axis Bank Q1 Results: The lender reported Rs 5,797 crore profit in the year-ago period. Its interest expense for the quarter rose significantly to Rs 16,613 crore, marking a 22% increase compared to the Rs 13,598 crore spent in the same period the previous year. Its net interest income grew 12% YoY and 3% QoQ to Rs 13,448 crore while the net interest margin (NIM) for the quarter stood at 4.05%.
Federal Bank leads in loan expansion among Kerala banks in Q1
Federal Bank reported a 20% year-on-year rise in gross loan portfolio to Rs 2.24 lakh crore at the end of June. Fairfax-backed CSB Bank clocked a 17.8% rise in gross loans to Rs 25,099 crore while South India Bank's loan portfolio rose 11.4% to Rs 82,510 crore.
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.
Load More
