Murugappa Group’s NBFC, Cholamandalam Investment & Finance Co Ltd, reported a strong double-digit growth across key metrics in the September quarter and the first half of this fiscal year. Net income for Q2 surged 37 per cent y-o-y to ₹3,238 crore, up from ₹2,367 crore.

Yes Bank’s standalone net profit more than doubled to ₹5.53 billion for the financial second quarter from ₹2.25 billion in the same period a year earlier

NIM moderated 9 basis points sequentially to 4.27 per cent on higher cost of funds

Its consolidated total income stood at around Rs ₹13,706 crore in Q2 FY25, compared to Rs ₹13,092 in Q1 FY25

Chola MS reports an 11.6% Y-o-Y rise in GWP to ₹4,136 crore in H1 FY25; MD V Suryanarayanan says focus on profitable growth continues to drive performance

On a standalone basis, PNB’s net profit for the quarter under review increased 145 per cent to ₹4,303 crore (₹1,756 crore)

For the first half of the fiscal, the bank’s net profit exceeded ₹5,000 crore, totalling ₹5,110 crore, up from ₹3,697 crore

More than 1 lakh bank employees likely to be affected by DFS instruction to banks, says AIBEA General Secretary Venkatachalam

Global deposits were ₹13,47,347 crore, up by 9.34 percent, while gross advances reached ₹10,11,997 crore growing by 9.53%

Total revenue from operations up 8 per cent in Q2 to ₹ 4,421 crore

The total income for the quarter touched ₹Rs109.79 crore and the company disbursed loans amounting to ₹Rs643.50 crore during the quarter

Securitised debt instruments (SDIs) issued privately to be offered to a maximum of 200 investors, public offers to remain open for a minimum of three days and a maximum of 10 days, proposes SEBI

The NPAs on block were part of YES Bank’s legacy bad loan portfolio.

Although this profit figure is lower than the ₹60 crore recorded in the previous quarter, it marks the fourth consecutive profitable quarter for the company.

Total consolidated operating income for the quarter was ₹2,633.1 crore, a 22.1 per cent increase from the same quarter last year

Over the last decade, the bank has significantly increased its capital investments, tripling the capital base for Deutsche Bank Group in India

Crosses over 100 million Monthly Transacting Users milestone

Higher non-interest income aids PAT growth; NIM moderates q-o-q

The profitability comes despite the public sector bank seeing 111 per cent y-o-y jump in loan loss provisions at ₹1,427 crore 

World Bank, ADB express satisfaction over the plan, being taken up after a gap of five years, at enhanced rates due to cost overrun caused by the delay

The Andhra Pradesh Government presented its Budget with an outlay of ₹2,94,427.25 crore for the Financial Year 2024-25; revenue expenditure is estimated at ₹2,35,916.99 crore, and capital expenditure at ₹32,712.84 crore

The fiscal deficit will be around 4.19% of the Gross State Domestic Product (GSDP), whereas the revenue deficit will be around 2.12% of the GSDP; ₹11,855 crore allocated for agriculture and allied sectors

Of the total outlay, ₹14,638 crore is for maintenance of irrigation projects; free power scheme gets ₹7,241 crore and ‘Annadata Sukhibhava - PM Kisan’, a Super Six scheme, is allocated ₹4,500 crore

The project will result in the creation of 2.50 lakh jobs, and earn an estimated ₹57,650 crore in taxes and duties for Andhra Pradesh over a period of 25 years, according to the Memorandum of Understanding signed on Tuesday

5.59 crore women travelled freely in low-end government buses so far in DK with the government spending ₹181 crore on their travel, says the Minister

According to KSRTC officials, major routes that saw high demand included popular destinations from Bengaluru such as Davangere, Mysuru, Hubballi, Tirupathi, Shivamogga, and Kalaburagi 

LC gate at Jokatte and LC gates between Mangaluru Central and Kannur to be upgraded to EOLBs in a phased manner

He speaks with The Hindu regarding misconceptions about the school board, using technology to beat malpractices, and his plans to improve the quality of school education

In Chennai, 13,480 people — 2,513 men and 10,967 women — wrote the test, which was held under the New India Literacy Programme

Investment made by foreign portfolio investor along with its investor group (hereinafter referred to as ‘FPI’) shall be less than 10% of the total paid-up equity capital on a fully diluted basis

The BSE benchmark gauge tumbled 820.97 points or 1.03% to settle at 78,675.18

92 per cent of it came through debt issuances

Prices in Bagaluru in North Bengaluru have surged by nearly 90 per cent in the past five years, while Whitefield has seen an 80 per cent rise in prices

The group plans to introduce one-of-its-kind luxury projects with modern ecosystem for the discerning professionals who prefer Thane over Mumbai

The company also won auctions for two land parcels in Greater Noida in the current quarter

The Omaxe State project is expected to be completed by 2027 and to generate over ₹4,200 crore in revenue during its life-cycle

The company launched its QIP on August 29 to raise funds