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Updates from the world of economy, markets, and finance The benchmark stock indices opened the day on a  positive note ahead of the RBI's address linked to pandemic relief. Join us as we follow the top business news through the day. 4:00 PM Stocks recovered well on a volatile day. Reuters reports: "Financial and healthcare stocks pushed Indian shares higher on Wednesday after the central bank announced measures to help the sectors tide over a ferocious coronavirus wave in the country. Reserve Bank of India Governor Shaktikanta Das announced relief to individual borrowers and small businesses...

Net Interest Income (NII) rose 8 per cent to Rs 3,843 crore in the March quarter compared to Rs 3,560 crore in Q4FY20.

Kotak Mahindra Bank's Q4 net profit grows 33% ​ By IANS | ​ 2 Views Kotak Mahindra Bank.. Image Source: IANS News Mumbai, May 3 : Kotak Mahindra Bank on Monday reported a 32.8 per cent increase in its standalone net profit for the January-March quarter on a year-on-year (YoY) basis at Rs 1,682.37 crore. During the same period of FY20, the bank had reported a standalone net profit of Rs 1,266.60 crore. Net Interest Income (NII) for Q4FY21 increased to Rs 3,843 crore, from Rs 3,560 crore in Q4FY20, up 8 per cent and for FY21 increased to Rs 15,340 crore, from Rs 13,500 crore in FY20, up 1...

The total income rose to Rs 16,175.87 crore during the fourth quarter from Rs 12,084.71 crore in the year-ago period, the bank said in a statement. During the quarter, the standalone profit also increased by 33 per cent to Rs 1,682 crore as compared to Rs 1,267 crore in the same period a year ago. On a standalone basis, the total income grew to Rs 8,398.39 crore as against Rs 8,294.07 crore in the year-ago quarter. The net interest income (NII) increased by 8 per cent to Rs 3,843 crore from Rs 3,560 crore in the same period a year ago. Driven by a surge in bottomline, the board has also recom...

Future Lifestyle Fashions announced that identified lenders, concerned banks and the Company have executed necessary agreements, deeds, undertakings and relevant documents on 30 April 2021 for Implementation of One Time Resolution (OTR) Plan under Reserve Bank of India, 6 August 2020 circular on Resolution Framework for COVI D 19 related stress. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary o...