Indian Banking Industry News & Updates
Shriram Finance Q1 net profit rises 18%
Shriram Finance has posted an 18% rise in its first-quarter net profit to ₹1,981 crore, led by a strong growth in interest income. The Shriram Group company had reported a net profit of ₹1,675 crore for the corresponding quarter of the previous fiscal.
SBI Card Q1 Results: PAT flat YoY at Rs 594 crore, revenue jumps 11%
SBI Card Q1 net flat at ₹594 crore
The Hindu Business Line
FIIs cash out from equities post Budget 2024 on capital gains tax tweaks
The FIIs had bought shares worth Rs 25,108.69 crore (net) until July 22, 2024. However, in the next three trading sessions, they net sold shares to the tune of Rs 10,711.70 crore, shows data, thus bringing down their net monthly purchases to Rs 14,396.99 crore thus far in July.
Mirae Asset MF lifts investment cap on large- and mid-cap fund
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At Rs 2,171 crore, IndusInd Bank Q1 PAT misses estimate
IndusInd Bank on Friday reported a lower-than-expected net profit of Rs 2,171 crore for the quarter ended June 2024 on account of lower margin and higher fresh slippages. The net profit was up 2% year-on-year (YoY), but was lower than the Bloomberg consensus estimate of Rs 2,332 crore .
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