NDDB Signs MoU With PNB For Providing Finance To Beneficiary Organisations In Cooperative Sector Free Press Journal
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Category: Banking
Check new reward points, lounge access rules
IDFC First Bank has announced changes to all credit cards except its super-premium IDFC First Private Credit Card. Effective from May 1, IDFC First Bank will reduce reward points for online spending, implement higher spending-based criteria for airport lounge access, and update terms for utility and rent payments.The reward points for online spends up to ₹20,000 in a statement cycle, currently set at six times, will be reduced to three times.Cardholders will continue to earn 10 times (10X) reward points on incremental spends above ₹20,000 per month. Reward points for education, wallet reloads, and government service transactions will be revised to 3X.IDFC First Bank will apply a…
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Axis Bank Q4 Results Review
With steady loan growth, higher treasury income and favorable asset quality, Axis Bank Ltd. reported 17% profit after tax growth QoQ. Deeper branch penetration, focus on granularisation and an agile management would drive ~17% operating profit growth over FY24-26.Due to greater consistency, we retain a ‘Buy’. At our target price, the stock would trade at 1.8 times price/book on its FY26e book unchanged, with the subsidiaries d at Rs 57 a share.Risks:Lumpy growth in deposits; higher-than-expected capital usage.Click on the attachment to read the full report:DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is…
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SBI General Insurance result: Net profit jumps 30.4% to Rs 240 cr in FY24 – Business Standard
SBI General Insurance result: Net profit jumps 30.4% to Rs 240 cr in FY24 Business Standard
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LTIMindtree Q4 Results Review – Recovery In Discretionary Spend A Key Tailwind: IDBI Capital
LTIMindtree Ltd. reported subdued Q4 FY24 numbers mainly led by ramp down in BFSI clients and lower discretionary spend.LTIMindtree is winning cost efficiency and cost take out deals. Apart from this healthy order book ($ 5.6 billion in FY24 up 15.7% and book to bill of 1.3 times), absence of further ramp down, healthy deal pipeline and synergy benefits we expect the company to deliver better FY25E versus FY24.Hence, we have built in a 6.1% YoY growth in FY25E versus 4.4% YoY in FY24. However, we expect margins to be impacted due to re-investment in business and transition cost of large deals.Hence, we have revised our earning per share estimates downwards by 7% and 9% for FY25E and…
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Kishore Biyani pays off creditors led by Canara Bank by selling SOBO mall to K Raheja Corp: Report – MSN
Kishore Biyani pays off creditors led by Canara Bank by selling SOBO mall to K Raheja Corp: Report MSN
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ICICI Bank Ltd expected to post earnings of 33 cents a share – Earnings Preview – XM
ICICI Bank Ltd expected to post earnings of 33 cents a share – Earnings Preview XM
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Tata Consumer, NHPC, Dr Reddy’s, Bandhan Bank, Manappuram Finance, Cyient, Vodafone, Tata Elxsi and others
Tata Consumer Products: The FMCG company recorded consolidated net profit at Rs 268 crore for the quarter ended March FY24, declining sharply by 23 percent compared to the same period last fiscal despite healthy operating numbers, and topline, impacted by an exceptional loss of Rs 216 crore. Revenue from operations grew by 9 percent year over year to Rs 3,927 crore for the quarter. EBITDA increased by 22 percent year-on-year to Rs 631 crore, with a margin expansion of 180 bps to 16.1 percent for the quarter. The company has recommended a dividend of Rs. 7.75 per share.
NHPC: The state-owned entity has signed a…
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15 फीसदी बढ़ा नेट मुनाफा, NPA में गिरावट; 16.50 रुपये के डिविडेंड का भी ऐलान
IndusInd Bank Q4FY24 Results: हिंदुजा ग्रुप (Hinduja Group) की सब्सिडियरी कंपनी इंडसइंड बैंक (IndusInd Bank) ने आज वित्त वर्ष 24 की चौथी तिमाही (Q4FY24) के लिए रिजल्ट्स जारी कर दिए हैं। एक्सचेंजों को दी गई जानकारी में कंपनी ने बताया कि Q4FY24 में उसका नेट मुनाफा 15 फीसदी बढ़कर 2,349 करोड़ रुपये हो गया है। जबकि पिछले साल…
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The RBI Is Doing The Right Stuff: Oliver Prill
It’s rare to spot a fintech honcho who roots for the work done by RBI. It’s rare to meet a chief executive officer who brutally admits that a section of old and new players, across the world and in India, didn’t play by the book. And it’s rare to meet a foreigner who confesses that ‘Indian Chinese’ is way better than authentic Chinese food. Meet the global CEO of Tide, a UK-based fintech platform for SMEs
Oliver Prill, Global chief executive officer (CEO), Tide
Image: Madhu Kapparath The timing of the comment is fortuitous. “You need to realise that regulators are there for a reason,” underlines…
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