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PNB CEO Atul Kumar Goel discusses the banks improved financial performance. The bank has achieved a net profit of Rs 5,000 crore in the first nine months, with a target of Rs 7,500 crore for the whole year. The decline in slippages and improvement in asset quality have contributed to the banks success. NIMs have also improved due to the recovery in gross and net NPAs. PNB has been successful in raising deposits, with a good CASA ratio, and aims to achieve a 1% ROA by 2024-2025.

Shares of Nicola Mining Inc. (CVE:NIM – Get Free Report) traded down 3.9% on Monday . The stock traded as low as C$0.25 and last traded at C$0.25. 7,000 shares were traded during trading, a decline of 82% from the average session volume of 39,011 shares. The stock had previously closed at C$0.26. Nicola Mining […]

Motilal Oswal Groups Chairman, Raamdeo Agrawal, discusses the strong performance of the capital market in October and November, with December being exceptionally high. He mentions the increase in returns, particularly in midcaps and smallcaps, which has attracted more people to the market. Agrawal highlights the vertical growth in the capital market, the influx of new investors, and the positive impact on the GDP growth of the country. He also talks about the expansion of the capital market busi...

Despite decent growth, investors are concerned due to Axis Bank’s apprehensions about credit and deposit growth. The lender foresees a slowdown in credit growth and limitations on deposit expansion

Total provisions in the December quarter fell to ₹2.4 crore from ₹33 crore a year earlier. The gross non-performing assets ratio remained stable at 1.69% compared with 1.7% earlier.

The private bank reported standalone net profit of 30.05 billion rupees ($361.7 million) in the quarter ended Dec. 31, compared to analysts expectations of 31.94 billion rupees, per LSEG data.

Kotak Mahindra Bank reported 8% YoY growth in net profit to Rs 3,005 crore for Q3 2023, due to provisioning towards alternative investment funds and loss in the fixed income book. Net interest income rose nearly 16% YoY to Rs 6,553 crore. The gross non-performing assets ratio was 1.73%, and slippages increased to Rs 1,177 crore. The net non-performing assets ratio was 0.34%. Total advances were at Rs 3.72 lakh crore, driven by growth in retail micro finance and credit cards. The bank plans to ra...

Shares of HDFC Bank Ltd. bounced Thursday, after disappointment over net interest margins and weaker deposit growth had sent them to their worst two-day...

Significant upsides in the stock hinges on improvement in net interest margin but this is likely to be gradual at best

Banks post mixed profit picture for 2023 amid economic vulnerabilities and modest credit growth.