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Net profit increases 46%, aided...

RBL Bank on Saturday reported a...

Bata says open to tie-ups...

Kolkata: Bata India said it has...

Net profit increases 46%, aided by rise in core income

RBL Bank on Saturday reported a 46 per cent year-on-year (y-o-y) surge in net profit for the quarter ending September, amounting to Rs 294 crore, mainly on the back of a rise in net interest income. Net Interest Income grew by 26 per cent y-o-y and 4 per cent quarter-on-quarter (q-o-q) to Rs 1,475 crore. Net Interest Margin was 5.54 per cent, against 5.02 per cent for Q2 FY23. Notably, provisions for the quarter ending September rose more than 2.6 times to Rs 640 crore, against Rs 241 crore...
Karl Jörg -
Business Profiles

Net profit increases...

RBL Bank on Saturday reported a 46 per cent year-on-year (y-o-y) surge in net profit for the quarter ending September, amounting to Rs...
Karl Jörg -
Business Profiles

Bata says open...

Kolkata: Bata India said it has ‘always explored possibilities of tie-ups’ a day after its stock jumped more than 5% over buzz of...
Karl Jörg -
Business Profiles

Re falls to...

Mumbai: The rupee fell 20 paise to a record closing low of 83.15 against the dollar on Thursday due to a rise in...
Karl Jörg -
Business Profiles

Penalty can only...

Mumbai: The Reserve Bank of India has said that banks and finance companies cannot impose penal interest rates for non-fulfilment of loan conditions;...
Karl Jörg -
Business Profiles

Adani offloads 8%...

Mumbai: The Adani family on Wednesday sold shares worth over Rs 8,700 crore ($1.1 billion) in Adani Power through secondary transactions. About half...
Karl Jörg -
Business Profiles

1 in 10...

Mumbai: Nearly 1 in every 10 women in India have owned cryptocurrency in India, marking the third-highest share globally, a study showed. Women...
Karl Jörg -
Business Profiles

Deposit boom with...

Mumbai: Currency with the public has dropped by Rs 1.56 lakh crore to nearly Rs 32.2 lakh crore as on July 28 from...
Karl Jörg -
Business Profiles

RBI kicks off...

Mumbai: RBI has started a pilot project for its ‘public tech platform’ that will enable banks to grant loans digitally. Banks and finance...
Karl Jörg -
Business Profiles

‘IMF, WB must...

Mumbai: RBI governor Shaktikanta Das has urged the International Monetary Fund (IMF) and World Bank to ‘expeditiously’ re-evaluate their lending practices to stressed...
Karl Jörg -
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