HDFC Bank on Saturday reported a 1.31% decline in consolidated net profit to Rs 16,258 crore for the June 2025 quarter, down from Rs 16,475 crore in the year-ago period, according to a regulatory filing.On a standalone basis, however, the country’s largest private sector lender posted a net profit of Rs 18,155 crore, compared with…
ICICI Bank on Saturday reported a 15.9% year-on-year rise in consolidated net profit to Rs 13,558 crore for the quarter ended June 2025, compared to Rs 11,696 crore in the corresponding quarter last year.On a standalone basis, the private sector lender posted a net profit of Rs 12,768 crore, marking a 15.5% increase from Rs…
RBL Bank reported a 46% year-on-year fall in net profit to Rs 200 crore for the June 2025 quarter, as lower core income and narrowing interest margins weighed on its bottom line. The private sector lender had posted a net profit of Rs 372 crore in the same quarter last year and Rs 69 crore…
The recently enacted Donald Trump’s ‘One Big Beautiful Bill’ is potentially turning out to another blow to Indian students in the United States by allocating approximately $170 billion to Immigration and Customs Enforcement (ICE) for expanding deportation operations.This legislation strengthens enforcement agencies’ authority to monitor local communities and track visa violations, according to study abroad…
The government officially notified hallmarking standards for 9 karat gold, in a move aimed at reviving consumer interest in gold jewellery amid record-high prices. Until now, the Bureau of Indian Standards (BIS) had permitted hallmarking only for gold in 24, 23, 22, 20, 18, and 14 karats.The ministry of consumer affairs issued the notification on…
Yes Bank on Saturday reported a 59% year-on-year rise in net profit to Rs 801 crore for the June quarter of FY26, buoyed by strong gains from treasury operations and a sharp uptick in non-core income.The private sector lender said its other income surged 46% to Rs 1,752 crore, while treasury income swung to a…
India’s global leadership in food safety and standard-setting received a boost at the 88th Executive Committee meeting of the Codex Alimentarius Commission (CCEXEC88), with its millet grain standards earning praise at the high-level gathering held in Rome from July 14 to 18.According to an official statement, the international forum acknowledged India’s efforts in spearheading the…
AU Small Finance Bank on Saturday reported a 16% year-on-year increase in its net profit to Rs 581 crore for the first quarter of FY26, up from Rs 503 crore in the same period last year. The Jaipur-headquartered lender posted growth in both income and profitability, though asset quality weakened during the quarter.Total income for…
The European Union unveiled its 18th package of sanctions against Russia, aiming to further squeeze Moscow’s oil revenues and financial networks over its ongoing war in Ukraine. Approved on Friday, the new measures include a series of toughened restrictions focused largely on the energy sector, shipping, and financial dealings.Here’s a what the latest sanctions include:…
HDFC Bank on Saturday declared its first-ever bonus issue, approving a 1:1 allotment ratio under which shareholders will receive one fully paid-up equity share of face value Rs 1 for every one equity share held. This marks a historic first for India’s largest private sector lender since its inception.The bank’s board has fixed Wednesday, August…