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Equitas Small Finance Bank shares rally 7% on 5-fold jump in Q4 profit to Rs 213 crore
Equitas Small Finance Bank shares saw a significant 7% rise. This surge followed the bank's announcement of a substantial 406% increase in its fourth-quarter net profit for FY26. The lender's strong performance was attributed to business expansion and improved asset quality. Advances and disbursements also showed robust growth. The bank's profitability metrics improved, with net interest margin rising.
Sensex Today | Stock Market LIVE Updates: Nifty extends gains by over 260 points; Banking index up 600 pts
Sensex Today | Stock Market LIVE Updates: The markets are blooming from positive cues. The Nifty is up over 200 points, surging towards 24,200. The Nifty Bank index is up over 350 points, rising to 55,300. Maruti, Bajaj Auto, Adani Ports and HUL are the top gainers.
Kotak Mahindra Bank shares tank 5% after Q4 results. What Morgan Stanley, Nomura, other brokerages are saying
Shares of Kotak Mahindra Bank fell despite posting a solid Q4FY26 performance, with net profit rising 13.3% YoY and NII up 8.1%. Asset quality improved, with both gross and net NPAs declining. Despite the positive results, the stock slipped, but Morgan Stanley remains bullish, maintaining an “Overweight” rating
Kotak Mahindra Bank needs to catch up with its peers in cost efficiency
The pursuit of growth in safer, secured segments such as home loans is good for asset quality. However, it does not help in expanding NIM. Unsecured loans hold the key to better profitability.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian stock markets experienced sharp cuts on Thursday, with Nifty and Sensex declining due to rising oil prices and a falling rupee. Selling pressure was observed in FMCG, bank, and auto stocks. Meanwhile, US markets closed at record highs, driven by strong earnings and softer crude prices.
Kotak’s Ashok Vaswani to evaluate IDBI when govt restarts process; West Asia conflict hits growth
Kotak Mahindra Bank CEO Ashok Vaswani on IDBI Bank plans, West Asia conflict impact, asset quality gains, and FY27 growth focus on microfinance and credit cards.
Kotak Mahindra Bank Q4 Result: Net profit rises 13% YoY; Asset quality improves, dividend announced
Kotak Mahindra Bank Q4 profit rises 13.36%, NII grows, asset quality improves, dividend proposed. Shares of Kotak Mahindra Bank ended marginally higher on Thursday, April 30, by 0.46% at ₹383.75 on the NSE.
India’s newest mutual fund: Bhautik Ambani wants to bring global quant power to retail investors - The Economic Times
India’s newest mutual fund: Bhautik Ambani wants to bring global quant power to retail investorsThe Economic Times
Nifty 50 slips below 24,000: What are the key levels to watch for next week?
On April 30, Indian stock indices fell nearly 1% due to rising crude oil prices and foreign fund exits. The Nifty 50 and Sensex closed at 23,997.55 and 76,913.50, respectively. Despite this, both indices showed weekly gains, breaking previous losing streaks.
RBI's Domestic Storage Increases By 104 Tonnes Of Gold
The Reserve Bank's net forward asset (payable) stood at $103.06 billion.
Fino eyes asset-light, tech-led small finance bank
Fino Payments Bank is moving forward with its plan to become a small finance bank. The bank will focus on technology and secured lending, avoiding a traditional branch model. This transition is on track despite ongoing leadership reviews. Fino aims to offer home loans, gold loans, and business loans.
ESAF Small Finance Bank returns to profit at ₹24 crore in Q4; NII rises 19%
Net interest income rose 19.2% year-on-year to ₹518 crore; asset quality improved over the previous quarter. Shares of ESAF Small Finance Bank Limited ended at ₹26.39, up by ₹0.52, or 2.01%, on the BSE today, April 30.