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Nifty PSU bank index up nearly 4%: Indian Bank rises 10% to lead gains post-Q1 results - Moneycontrol.com
Nifty PSU bank index up nearly 4%: Indian Bank rises 10% to lead gains post-Q1 resultsMoneycontrol.com
Indian Bank Q1 Results: PSU Lender jumps 9% on 17% core income growth, stable asset quality
The bank's asset quality continued to improve during the quarter. Gross non-performing assets (GNPA) declined to 1.86% from 1.98% in the March quarter, while net NPA remained unchanged at 0.15%.
Indian Bank Q1 Result: Net Profit Rises 10% To Rs 3,273 Crore, Gross NPA Drops To 1.86%
Indian Bank Q1 Result
Indian Bank Q1 Results: Standalone net profit rises 10% YoY to Rs 3,273 crore; shares zoom 10%
Indian Bank reported a standalone net profit of Rs 3,273 crore for Q1 FY27, up more than 10% year-on-year, while net interest income rose nearly 17%. The PSU lender also posted improved asset quality and higher advances, prompting its shares to surge around 10% after the earnings announcement.
Q1 Results Live Updates: Elecon Engineering Profit Falls 60%; L&T Finance, Justdial In Focus
Big names that are set to declare results on July 10 include L&T Finance Ltd., Bank of Maharashtra, Elecon Engineering Company Ltd., Indian Bank and Just Dial.
Indian Bank share price rises ahead of the Q1 results 2026 - livemint.com
Indian Bank share price rises ahead of the Q1 results 2026livemint.com
INR extend gains amid dollar weakness; Local benchmark indices surge in early trades
The Indian rupee extended gains in opening trades on Friday tracing weakness in dollar overseas on expectations that US and Iran will continue peace negotiations despite a recent escalation. However, oil prices stay supported after recent streak of gains that could limit gains in the counter. INR opened at Rs 95.27 per dollar and hit a high of 95.22 so far during the day. Yesterday, rupee appreciated by 7 paise to settle at 95.41 against the US dollar. Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, boosted by the surge in semiconductor and AI stocks. Indian benchmark indices surged early on Friday, with the BSE Sensex climbing 701.73 points (0.91%) to 77,443.55 and the NSE Nifty 50 gaining 200.85 points (0.84%) to trade at 24,162.25.
Stocks to watch, July 10: L&T Finance, Dixon Tech, TCS, IT stocks, BoM, Indian Bank, Torrent Pharma, SAIL - Upstox
Stocks to watch, July 10: L&T Finance, Dixon Tech, TCS, IT stocks, BoM, Indian Bank, Torrent Pharma, SAILUpstox
Bank credit growth to ease as corporates tap bond markets, overseas funding: CareEdge
Bank credit growth is expected to moderate gradually in the upcoming fiscal year. Large corporations will increasingly use domestic bond markets and overseas borrowings for funding. The Reserve Bank of India's policy measures make external funding more attractive for businesses. This shift will reduce reliance on traditional bank loans for corporate financing needs. Overall credit demand remains healthy, but banks will finance a smaller share.
South Indian Bank Shares Downgraded After CEO Change; ICICI Securities Cuts Target Price — Details Inside
South Indian Bank has received RBI approval for the appointment of Mr. Mahesh Pai as MD and CEO for three years.
State Bank of India draws over $1.5 billion in forex deposits
State Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of India subsidies. Depositors can leverage funds, earning more than their borrowing costs. Banks are expanding outreach to India's large diaspora globally. This initiative echoes a similar plan from 2013.
Stocks To Watch Today: SBI, Tata Steel, Indian Bank, HFCL, Phoenix Mills, SML Mahindra
Stocks In News On Thursday.