HDFC Bank Q2 Results: The core net interest margin (NIM) stood at 3.46% on total assets and 3.65% on interest-earning assets. The lender’s total deposits increased 15.1% YoY to Rs 25,00,100 crore in the September quarter, while gross advances grew 7% YoY to Rs 25,19,000 crore. As of September-end, HDFC Bank’s gross NPA rose to 1.36% of gross advances, up from 1.33% in Q1 FY25 and 1.34% in Q2 FY24.
Posts in category Economic Times
From mental clarity to market mastery: Sandeep Tyagi’s 174-page blueprint for investment success (19-10-2024)
His latest book, The Little Book of Big Gains, condenses years of expertise into a concise 174-page guide, emphasizing mental clarity, disciplined strategies, and how to avoid common investment pitfalls.
NSE increases lot sizes for all 5 index derivative contracts after Sebi order (19-10-2024)
The new measure will take effect from November 20, 2024, for all newly introduced index derivatives contracts, including weekly, monthly, quarterly, and half-yearly, according to an NSE circular. The Nifty50 lot size has been increased threefold, from 25 to 75 contracts, while the Nifty Bank lot size has doubled from 15 to 30.
Dividends, bonuses, stock split, rights issue: HCL Tech, LTIM, LTTS among 18 stocks to watch next week (19-10-2024)
HCL Technologies, LTIMindtree, L&T Technology Services (LTTS), and several other companies are expected to be in the spotlight next week as they approach their record dates for dividends, bonus issues, and stock splits.
RBL Bank Q2 Results: Standalone profit falls 24% YoY to Rs 223 crore, but NII grows 9% (19-10-2024)
RBL Bank Q2 Results: The company’s NII for the quarter was Rs 1,615 crore, with net interest margins (NIMs) at 5.04%. Operating profit rose 24% YoY to Rs 910 crore. For the half-year, RBL Bank’s net profit increased by 2% YoY to Rs 594 crore, with NIMs at 5.35%.
These 4 stocks witnessed a rise in prices with volumes in last 3 days (19-10-2024)
An ETMarkets analysis of BSE stocks with a market cap over Rs 250 crore shows that four stocks have consistently seen increases in price, trading volume, and delivery volume over the past three sessions (October 16-18), suggesting growing investor interest.
Kotak Mahindra Bank Q2 Results: PAT rises 5% YoY to Rs 3,344 cr; NII jumps 11% (19-10-2024)
Kotak Mahindra Bank Q2 Results: The bank’s net interest income (NII) for Q2FY25 rose by 11% year-on-year to Rs 7,020 crore, up from Rs 6,297 crore in the same quarter last year. Its net interest margin (NIM) stood at 4.91% for Q2, down from 5.22% in Q2FY24. As of September, the gross non-performing assets (GNPA) increased to 1.49% from 1.72% year-on-year, while net NPA rose to 0.43% from 0.37%. On a consolidated level, Kotak’s PAT rose 13% YoY to Rs 5,044 crore. The total assets under management as of September-end were Rs 680,838 crore up 37% YoY over Rs 498,342 crore in Q2 of FY24.
Concurrent Gainers: 12 stocks that gained for 5 days in a row (19-10-2024)
In the five trading sessions leading up to October 18, the Sensex index closed slightly lower at 81,225, with losses in three of those sessions.
Tata Motors, IndiGo among 10 firms that saw decline in promoters’ shareholdings in Q2 (19-10-2024)
Companies with high promoter holdings are often considered safer investments. However, in Q2 FY25, several firms from the Nifty200 index reported a decline in promoter shareholdings.
Value Vacuum: China’s command versus India’s concessions (19-10-2024)
According to a recent report by The Financial Times, Xiaohongshu, a popular social media platform in China, recorded $1 billion in sales and $200 million in profits in the first quarter of the year. With a user base of over 300 million and a valuation surpassing $17 billion, its success is impressive.