Karur Vysya Bank Q4 results: Net profit up 40% at Rs 83.7 crore

New Delhi: Karur Vysya Bank on Wednesday reported 39.5 per cent jump in net profit at Rs 83.70 crore for the quarter ended March 2020 on higher income from other sources, even as provisioning went

By |2020-06-24T21:52:14+05:30June 24th, 2020|Categories: Stock Stories|Tags: , , , , |0 Comments

Bank of Singapore, PEs bid for stake in Edelweiss Wealth

Mumbai: Bank of Singapore and global private equity funds including Blackstone, KKR, Baring Private Equity Asia and TA Associates have put in the first round of bids to acquire a minority stake in Edelweiss Global

By |2020-06-24T18:34:47+05:30June 24th, 2020|Categories: Stock Stories|Tags: , , , , |0 Comments

BFSI will continue to be market leaders: Ambit Asset Management

Mumbai: BFSI (banking, financial services and insurance) will continue to be long-term market leaders, Ambit Asset Management said on Monday, stressing that they were optimistic on the pack amid the Covid-19 crisis. “In all the

By |2020-06-24T15:26:43+05:30June 24th, 2020|Categories: Stock Stories|Tags: , , , , , |0 Comments

Bank of Baroda Q4 results: Swings into the black, reports net profit of Rs 507 crore

Mumbai: State-run lender Bank of Baroda reported a net profit of Rs 506.6 crore in the quarter ended March, compared to a loss of Rs 991.4 crore in the same quarter a year ago. The

By |2020-06-24T11:43:16+05:30June 23rd, 2020|Categories: Stock Stories|Tags: , , , , |0 Comments

Rupee Co-op Bank posts operating profit of Rs 19.55 crore for FY20

Mumbai: The troubled Rupee Co-operative Bank on Thursday reported an operating profit of Rs 19.55 crore for FY20 on curtailing employee-related expenses and growth in treasury income. The bank, which has been under an RBI-appointed

By |2020-06-18T21:26:38+05:30June 18th, 2020|Categories: Stock Stories|Tags: , , , , |0 Comments

SBI sheds 2.1% stake in SBI Life via OFS to comply with shareholding norms

New Delhi: State Bank of India on Tuesday said it has sold 2.1 per cent stake of its stake its subsidiary SBI Life Insurance Company through the offer for sale route to comply with shareholding

By |2020-06-16T21:55:53+05:30June 16th, 2020|Categories: Stock Stories|Tags: , , , , |0 Comments

Bank of Maharashtra Q4 results: Posts net profit of Rs 58 crore

New Delhi/Mumbai: State-owned Bank of Maharashtra (BoM) on Tuesday posted a 20 per cent decline in net profit at Rs 57.57 crore in the fourth quarter ended on March 31 hit by the COVID-19 crisis.

By |2020-06-16T20:50:24+05:30June 16th, 2020|Categories: Stock Stories|Tags: , , , , |0 Comments
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