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MUMBAI: HDFC Bank reported a 10.8% rise in standalone net profit to Rs 18,640 crore for the quarter ended Sept 2025, driven by higher non-interest income and steady improvement in asset quality.Net interest income rose 4.8% year-on-year to Rs 31,550 crore, while non-interest income surged 25% to Rs 14,350 crore. Total income grew 10.4% to…
MUMBAI: Punjab National Bank (PNB) reported a 14.0% year-on-year rise in net profit to Rs 4,904 crore for the second quarter ended September 30, 2025, driven by higher total income and improvements in asset quality. The state-owned lender’s operating profit rose 5.5% to Rs 7,227 crore.Total income grew 5.1% to Rs 36,214 crore, while net…
File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday expressed confidence that India’s exports will maintain a positive growth trajectory in 2025-26 despite global uncertainties, including US-imposed tariffs.Addressing reporters, Goyal said that during the first six months of the current fiscal (April–September 2025-26), India’s goods and…
MUMBAI: IDFC FIRST Bank reported a 76% rise in profit after tax (PAT) to Rs. 352 crore for Q2 FY26, driven by lower provisions and growth in its retail and commercial businesses. The bank’s CASA ratio crossed 50% for the first time, reflecting improved funding stability.The PAT jump was supported by a 16.2% YoY decline…
On the auspicious occasion of Dhanteras today, many Indians will turn to buying gold and silver, following a tradition deeply tied to prosperity. But this year, financial planners suggest using the festive spirit to explore smarter investment avenues that can grow your wealth and save taxes — beyond just ornaments and coins. 1. Think modern,…
This Dhanteras, trade across the country is expected to cross Rs 1 lakh crore, with gold and silver alone accounting for more than Rs 60,000 crore, according to the Confederation of All India Traders (CAIT).The trade body highlighted that while every Indian festival is special, Dhanteras has a particularly auspicious significance. Traditionally, on this day,…
As the festive season begins, many shoppers are flocking to buy gold jewellery. Dhanteras, which falls days before Diwali, is considered an auspicious occasion to buy precious metals like gold and silver.People usually invest in physical gold like jewellery, coins, or bars. However, as prices have risen more than 50% in the past year, according…
MUMBAI: ICICI Bank’s profit growth slowed in the September quarter as a steep drop in treasury income offset gains from its core banking business. The lender’s standalone net profit rose 5.2% year-on-year to Rs 12,359 crore for the three months ended September 30, 2025.The bank’s underlying performance remained strong, with steady loan growth, higher fee…
MUMBAI: IndusInd Bank reported a net loss of Rs 437 crore for the quarter ended September 30, 2025 (Q2 FY26), compared with a net profit of Rs 1,331 crore a year earlier, as a steep rise in provisions and a decline in core income weighed on profitability.Net interest income fell 18% year-on-year to Rs. 4,409…
File photo: Union commerce and industry minister Piyush Goyal Union commerce and industry minister Piyush Goyal on Saturday said discussions between India and the United States on the proposed bilateral trade agreement are progressing in a “cordial atmosphere,” stressing that New Delhi will safeguard the interests of farmers, fishermen, and the MSME sector.“No agreement can…
