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Sun Pharmaceutical receives credit ratings from CRISIL and ICRA
Sun Pharmaceutical Industries (Sun Pharma) announced that CRISIL has reaffirmed the rating of the company's long term bank facilities at CRISIL AAA and short term bank facilities and commercial paper at CRISIL A1+.
Karur Vysya Bank standalone net profit rises 41.22% in the March 2026 quarter
Total Operating Income rise 15.41% to Rs 2903.65 crore
Five Stocks To Buy: Ashok Leyland, Delhivery, Godfrey Phillips And More | May 07, 2026
Top picks include a consensus buy on Ashok Leyland, alongside Delhivery, Godfrey Phillips, Ramkrishna Forgings, and Canara Bank.
South Indian Bank consolidated net profit rises 18.98% in the March 2026 quarter
Total Operating Income rise 7.84% to Rs 2559.48 crore
Banks cede consumer durable loans to NBFCs as credit cards take over small-ticket financing
Bank loans for washing machines and televisions are falling. Banks are now focusing on credit cards for these purchases. Non-banking finance companies are taking over this market. This trend is driven by the small loan amounts involved. Consumer durable loans represent a tiny fraction of total bank lending. This shift is expected to continue.
PNB Q4 net profit rises 14% YoY to ₹5,225 crore; targets ₹2 lakh crore digital book in FY27
Punjab National Bank is seeing strong digital growth, sanctioning one in three loans digitally and crossing ₹1 lakh crore in digital sanctions. The bank reported a 14% profit jump for the fourth quarter of FY26. PNB anticipates further growth in retail term deposits and aims for a 12-13% credit growth in FY27. Digital transactions now exceed 95% of total transactions.
J&K Bank Q4 PAT climbs 36% YoY to Rs 798 cr
Jammu & Kashmir (J&K) Bank reported a 36.48% jump in standalone net profit to Rs 797.80 crore despite 2.28% decline in total income to Rs 3531.06 crore in Q4 FY26 over Q4 FY25.
Power bank explodes on IndiGo flight shortly before landing at Mohali
An IndiGo flight from Hyderabad to Chandigarh experienced a scare after landing at Mohali. A passenger's power bank caught fire, filling the cabin with smoke. The cabin crew quickly extinguished the flames. All passengers were safely evacuated from the aircraft. A few passengers sustained minor injuries during the evacuation process.
Jammu and Kashmir Bank consolidated net profit rises 37.23% in the March 2026 quarter
Total Operating Income rise 1.87% to Rs 3273.34 crore
PNB posts over 14% YoY rise in Q4 PAT; clocks net interest income of Rs 10,380 crore
Punjab National Bank has reported 14.4% rise in net profit to Rs 5,225 crore despite a 1.1% fall in total income to Rs 36,319 crore in Q4 FY26 as compared with Q4 FY25.
PNB Q4 Results: Net Profit Rises 14% To Rs 5,225 Crore, NII Falls 3%; Asset Quality Improves
PNB Q4 Results: The bank's total income fell to Rs 36,319 crore during the quarter under review from Rs 36,705 crore a year ago, PNB said in a regulatory filing.
BJP's West Bengal win: L&T, Bandhan Bank among others may gain, say experts
The BJP's victory in West Bengal, wrote analysts at Nomura in a note, could lead to expectations of improved governance, ease of doing business and enhanced infrastructure spending.