Fairfax-backed CSB Bank reported a third quarter net profit of Rs 153 crore, flat from the year-ago period’s Rs 152 crore, owing to sharply higher provisions, following a nearly three times high slippages at Rs 197 crore. The net profit was lower than the preceding quarter’s Rs 160 crore. The bank’s share price nosedived 25%…
Indian Railway Finance Corporation (IRFC) reported Rs 1,802.19 crore net profit for the third quarter of financial year 2025-26. In a statement to the exchanges, the Navratna said this was its highest-ever profit. The Railway public sector undertaking had reported Rs 1,630.66 crore bottomline for the quarter ending December 2024. Total income for Q3FY26 stood…
Kolkata: Lower provisions helped ICICI Bank report a 5.2% rise in standalone net profit to Rs 12,359 crore for the second quarter of the fiscal as compared with Rs 11,746 crore in the same period last year exceeding market expectations. The private sector lender set aside Rs 914 crore as provisions and contingencies for the…
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…