IDBI Bank posts record-high Q3 profit of Rs 927 crore on lower provisions BENGALURU (Reuters) – State-owned IDBI Bank Ltd reported a record third-quarter profit on Monday, boosted by lower bad loan provisions and improved asset quality. IDBI Bank, which had some of the worst asset quality among lenders during India’s bad loan crisis, has ...

Investment Outlook 2023 – The Economic Times Video [ad_1] As we enter the new year, it is important for all investors, new and seasoned, to have an understanding of the market trends to expect for the year ahead and the investment lessons to be learned from the previous year.To help investors understand how the market performed in 2022 – who ...

Tamilnad Mercantile Bank posts Q3 net of Rs 279 cr; income at Rs 1,172 cr The Tamilnad Mercantile Bank, one of India’s oldest private banks, closed the third quarter of FY23 with a higher net profit of Rs 279.70 crore. The bank closed the quarter ended December 31, 2022 with a net interest income of ...

Voltas Stocks: Voltas has solid long-term prospects: 4 reasons it is this week’s stock pick [ad_1] Consumer electronics company Voltas continues to face near-term demand and pricing challenges. In the second quarter of 2022-23, it reported a marginal 4.7% y-o-y growth in revenue and a net loss of Rs.6 crore. The third quarter performance is also expected to remain muted ...

ICICI Bank, RBL, Axis, IDFC First raise deposit rates to meet credit growth With credit growth continuing to outpace deposit growth by a long margin, several banks, including ICICI Bank, RBL Bank, Axis Bank and IDFC First Bank have revised deposit rates in order to mobilise funds. Effective Monday, private sector lender ICICI Bank, announced ...

Quant AMC Mutual Funds: The curious case of Quant AMC mutual funds: Can it sustain the results for the long term? [ad_1] A cursory glance at the top of the mutual fund performance charts nowadays reveals an increasingly familiar name. Pick any category, and chances are that a Quant AMC fund will be at the summit, the next best trailing ...

After breaching 81 vs USD, rupee weakens as importers purchase greenback After strengthening to an almost two-month intraday high and breaching the psychologically significant 81 per dollar mark, the rupee witnessed an erosion of gains and ended weaker versus the greenback on Monday, as importers rushed to buy the US currency at relatively lucrative levels. ...

Retirement Investment: Investing for retirement to safety from financial fraud: 5 financial challenges faced by senior citizens [ad_1] In October last year, 65-year-old Veena Sharma from Mumbai got a phone message with a warning that her bank account would get blocked if she did not update her KYC. In panic, she provided crucial information, only to realise a few minutes ...

Need to create specialised SME digital bank: Co-founder of Biz2Credit Ahead of the Union Budget, Rohit Arora, CEO and Co-Founder of Biz2X, has suggested the government needs to come out with a specialised SME digital bank to cater to the funding needs of small businesses. Finance Minister Nirmala Sitharaman will present the last full Budget ...

Companies that improve market share can generate above average returns in long run: 6 stocks with up to 33% upside potential [ad_1] Despite strong fundamentals, Indian markets are expected to remain volatile in the near future due to a mix of global headwinds and high valuations of domestic markets relative to emerging markets. Weak demand in the discretionary segments in ...