Mumbai (Maharashtra) [India], January 22: Financial results at a glance - The Board of Directors of IDFC FIRST Bank, in its meeting held today, approved the unaudited financial results for the quarter and nine months ended December 31, 2023.
In addition to the robust profit figures, the bank's net interest income (NII) for the quarter ended September 2023 witnessed substantial growth, surging by 12.3 per cent YoY to reach Rs 39,500 crore.
Mumbai (Maharashtra) [India], July 31: Financial results at a glance - The Board of Directors of IDFC FIRST Bank, in its meeting held today, approved the unaudited financial results for the quarter ended June 30, 2023.
Kochi (Kerala) [India], June 5: KLM Axiva Finvest, a renowned financial services firm, is pleased to announce its exceptional financial performance for the last fiscal year. The company achieved a remarkable profit of 24.63 crores, reflecting a substantial increase of 42 per cent in profit b
The firm said its net interest income (NII) went up 25.7 per cent to Rs 892.6 during the March quarter, against Rs 710 crore in the corresponding quarter the previous year.
In the reviewed quarter, the bank had strong growth in terms of advances and deposits year-on-year, while a sharp decline has been seen in gross non-performing assets (NPA). Interest margins expanded further annually.
"Operating profit has shown a growth of 16.27 per cent on a year-on-year basis to Rs 2,108 crore for the fourth quarter of FY23 (Q4FY23) as against Rs 1,813 crore for the fourth quarter in FY22 (Q4FY22)," the bank said in a statement shared with exchanges.
Mumbai (Maharashtra) [India], February 22 (ANI/BusinessWire India): A Savings Account is the most basic type of bank account. People use the account to deposit their savings and access the funds as and when required. Apart from the deposit and withdrawal flexibility, another significant adva
The company said its operating profit in the reviewed quarter jumped 50.1 per cent to Rs 8,232 crore, against Rs 5,483 crore in the corresponding period a year ago.
The company also reported its profit before tax for the nine-months ended December 31, 2022, stood at Rs 14,616 crore compared to Rs 12,624 crore in the corresponding period of the previous year. After providing Rs 2,802 crore for tax, the reported profit after tax stood at Rs 11,814 crore,