IDBI Bank on Saturday reported a 1.4% increase in its December quarter standalone net profit at Rs 1,935 crore compared to Rs 1,908 crore reported in the year ago period. However, the profit after tax was down 47% on a sequential basis compared to Rs 3,627 crore in Q2 of FY26. The lender earned an…
Private lender Axis Bank is likely to report mid single-digit growth in its net interest income during the fourth quarter even as profitability is likely to be muted. Net interest income during the January-March 2024 period is seen rising 5% year-on-year (YoY), according to an average estimate of five brokerages. Meanwhile, the PAT estimates ranged…
The private sector banks reported deceleration in aggregate operating and net profit for the third quarter in a row amid slowing growth in net interest income, rising bad loan provisioning, and continued margin pressure. Their public sector counterparts on the other hand continued to report double digit profit growth for the December quarter. Net profit…