India’s largest lender, State Bank of India remains confident of protecting its margins and sustaining strong loan growth momentum despite pressure from lower interest rates and a rising credit-deposit ratio, Chairman CS Setty told CNBC-TV18 after the bank’s March quarter earnings. Setty said SBI expects its net interest margin (NIM) to remain above 3% during…
Citi’s 2026 Investor Day was held at the bank’s headquarters in New York on May 7. Investor Day was led by Jane Fraser, Chair and Chief Executive Officer, the leaders of Citi’s five businesses and the bank’s Chief Financial Officer. The bank outlined a clear path to stronger, more durable returns. These included new near…
Oberoi Realty reported a strong set of fourth-quarter earnings on May 8, with profit, revenue and operating performance rising sharply on the back of healthy residential demand and continued execution momentum across projects. The real estate developer posted a consolidated net profit of ₹703.3 crore for the quarter ended March, up 62.4% from ₹433.2 crore…
Standalone health insurer Niva Bupa Health Insurance Company Ltd on Friday (May 8) reported a 65.6% year-on-year rise in net profit for the fourth quarter at ₹341.2 crore, compared with ₹206.1 crore in the corresponding period last year. Gross written premiums (GWP) increased 38.5% year-on-year to ₹2,880 crore from ₹2,079 crore. Net premiums written rose…
Non-bank microfinance institution CreditAccess Grameen Ltd on Friday (May 8) reported a sharp rise in net profit for the fourth quarter, surging 623% year-on-year to ₹340 crore from ₹47 crore in the same period last year. Net interest income (NII) for the quarter increased 19.5% year-on-year to ₹1,047.4 crore, against ₹876.5 crore a year ago….
Tata Consumer Products Ltd on Friday (May 8) reported a 20.7% year-on-year increase in consolidated net profit for the fourth quarter at ₹491.2 crore, compared with ₹407 crore in the corresponding period last year. The result was above the CNBC-TV18 Poll estimates of ₹396 crore. Revenue for the quarter rose 17.9% to ₹5,433.6 crore from…
Sajjan Jindal-owned JSW Infrastructure Ltd on Friday (May 8) reported a 17.9% year-on-year decline in net profit for the fourth quarter at ₹418.3 crore, compared with ₹509.4 crore in the corresponding period last year. The company said the profit figure is before considering an exceptional item of ₹68 crore related to an estimated loss from…
State-run Bank of India Ltd on Friday (May 8) reported an 82.5% year-on-year rise in net profit for the fourth quarter at ₹2,626 crore, compared with ₹1,439 crore in the corresponding quarter last year. Net interest income (NII) for the quarter increased 2.1% to ₹6,063 crore from ₹5,936 crore a year earlier. Gross non-performing assets…
The lender posted a standalone net profit of Rs 3,016 crore for the fourth quarter of FY26, registering a year-on-year growth of 14.8 per cent compared with Rs 2,626 crore reported in the corresponding quarter last year. How did Bank of India’s NII change in FY23? What was SBI’s GNPA ratio in Q4 FY24? What…
The Securities and Exchange Board of India (SEBI) on Friday (May 8) approved fund-raising through initial public offerings (IPOs) for multiple companies, including quick commerce unicorn Zepto Ltd, Hotel Polo Towers Ltd, Crystal Crop Protection Ltd, Surgiwear Ltd, Horizon Industrial Parks Ltd and Dhoot Transmission Ltd. These companies, which had filed their draft IPO papers…
