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IndusInd Bank shares in focus amid NFRA complaint over audit discrepancies
NFRA has received a complaint highlighting audit lapses tied to the bank’s forex derivatives. The irregularities, flagged internally, may have a financial impact of Rs 2,100 crore pre-tax. Regulatory bodies, including the RBI, SEBI, and ICAI, are scrutinising the matter. Meanwhile, key resignations have followed amid accounting gaps in the microlending business.
General insurance faces volume and pricing headwinds: Rajesh Bhatia
Rajesh Bhatia of ITI MF anticipates accelerated growth in life insurance. Regulatory concerns are easing. Companies are poised to capture market share from LIC. Valuations are attractive. Bhatia is less enthusiastic about general and health insurance. Global cost of capital poses a risk to PE multiples.
IndusInd Bank shares slide 6% after posting Q4 loss of Rs 2,329 crore
IndusInd Bank reported a consolidated net loss of Rs 2,329 crore in Q4 FY25, a stark contrast to the previous year's profit, primarily due to its derivatives segment. Net interest income also saw a significant decline. Despite the quarterly loss, the bank reported a profit for the full fiscal year, maintaining a healthy balance sheet with adequate capital and liquidity.
Stocks in news: ITC, Sun Pharma, IndusInd Bank, ABFRL, IndiGo
Markets saw volatility but closed higher. ITC, Sun Pharma, and IndusInd Bank are among the key stocks to watch. IndusInd Bank reported a net loss. IndiGo's profit increased significantly. IRCON and Nalco also announced their Q4 results. Aarti Industries and others will be excluded from F&O. Mankind Pharma's profit declined, while RVNL reported a net profit.
PFC Q4 net profit rises 11%, makes 100% provisions on Gensol Engineering
Power Finance Corp (PFC) reported an 11% increase in the fourth-quarter net profit at Rs 8,358 crore, buttressed by an increase in interest income and provisioning reversals.
IndusInd Bank utilizes Rs 1,325 crore contingency buffer amid accounting lapses and bad loan underreporting
IndusInd Bank addressed financial discrepancies in the March quarter. The bank used its contingency buffer to manage the impact. Accounting errors in the microfinance sector led to revenue reversal. Derivative-related issues also affected income. Net interest margin and income experienced declines. Total loans saw a slight increase, while deposits rose.
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IndusInd Bank Q4 Results: Lender reports Rs 2,329 crore loss, NII down 43% YoY
IndusInd Bank Q4 Results: IndusInd Bank reported a consolidated net loss of Rs 2,229 crore in its Q4FY25 versus a net profit of Rs 2,349 crore in the year ago period period amid losses in its derivatives segment.
Rs 2,600 crore accounting missteps: IndusInd Bank suspects fraud involving senior employees
IndusInd Bank's audit for the year ended March 2025 revealed significant accounting discrepancies amounting to Rs 2,600 crore. These irregularities, potentially involving senior executives, include incorrect accounting of derivative trades, inflated income from microfinance, and unsubstantiated entries. The bank has written off notional profits and reversed incorrectly booked interest and fee income.
Power Finance Corporation Q4 Results: Cons PAT jumps 11% to Rs 8,358 crore, NII surges 38%; dividend declared
Power Finance Corporation Q4 results: Power Finance Corporation reported an 11% YoY rise in Q4FY25 profit at ₹8,358 crore, with net interest income up 38%. FY25 saw a record ₹17,352 crore profit. The company declared a total dividend of ₹15.80 per share and showed improved asset quality with lower NPAs.
Karur Vysya Bank Q4 Results: Net profit rises 12% YoY to Rs 513 crore; stock rises
Karur Vysya Bank's shares surged 1.22% on the BSE following the announcement of its Q4 results, which revealed a 12.50% year-on-year increase in net profit to Rs 513 crore. The lender reported its highest-ever annual profit of Rs 1,942 crore and a record quarterly profit, driven by growth, profitability, and improved asset quality. Total deposits grew by 14.
CreditAccess Grameen announces succession plan, net profit at Rs 47 crore
Microfinance lender CreditAccess Grameen has swung back to black with its fourth quarter net profit being at Rs 47.2 crore as against a Rs 99.5 crore net loss in the preceding quarter, as it set aside lower provisions in the comparing quarters.
Repco Home Finance Q4 profit rises 6% as asset quality improves
Repco Home Finance posted a 6% YoY rise in Q4FY25 net profit to Rs 115 crore, with improved asset quality. Total income rose 10% to Rs 435 crore, while gross NPAs declined to 3.3%. Loan book grew 7% to Rs 14,492 crore.
LIC Housing Finance shares slide 2% even as Q4 profit rises 25% YoY
LIC Housing Finance reported a 25% YoY rise in Q4FY25 net profit to Rs 1,368 crore, aided by a sharp drop in provisions. Loan disbursements grew 5%, led by individual home loans. NIM dipped to 2.86%, while the total loan book rose 7% YoY. Analysts maintain a ‘Buy’ rating with an average target price of Rs 673.
LIC Housing Finance Q4 Results: Profit rises 25% YoY to Rs 1,368 crore on lower provisions
LIC Housing Finance witnessed a 25% surge in Q4 net profit, reaching Rs 1368 crore, driven by reduced provisions for bad loans. While net interest margin (NIM) dipped to 2.86% year-on-year, it improved compared to the previous quarter. Total loan disbursement increased by 5% to Rs 19156 crore, with individual home loans contributing significantly.
Bank of India shares rise 2% after LIC raises stake to 8.38%
Life Insurance Corporation (LIC) has increased its stake in Bank of India to 8.38% as of May 9, acquiring an additional 2.026% stake since September 2021. This move reflects LIC's confidence in the bank's performance, which recently reported a significant surge in profit for the March quarter.
JM Financial Q4 results: Net profit soars 5-fold to Rs 134 crore
The mutual fund assets under management doubled to ₹13,419 crore, while elite wealth AUM surged 36% on year to ₹2,584 crore. Shares of the company ended 4% higher on the BSE at a price of ₹110.05 per share on Tuesday.
Stocks in news: HAL, Eicher Motors, Airtel, Tata Motors, Cipla
Indian markets are expected to focus on companies like HAL and Eicher Motors. These companies will announce their Q4 results. Tata Motors reported a profit decline. However, Airtel saw a significant profit increase. Metropolis Healthcare's profit decreased, while Bharti Hexacom's profit increased. Tata Steel plans a major capital expenditure. LIC increased its stake in Bank of India.
Can Union Bank maintain its momentum after a 13% stock surge?
The loan book grew by 9.5% to ₹9.5 lakh crore while deposits rose by 7.2% to ₹13.1 lakh crore year-on-year compared with 6.7% and 3.8% growth in the previous quarter, respectively. Credit growth was buoyed by 22.1% increase in retail loan book and 12.5% rise in the micro, small, and medium enterprises (MSME).
Union Bank shares rise 4% after Q4 profit jumps 50%; management flags margin pressure
Union Bank of India reported a 50% YoY rise in Q4 net profit to Rs 4,985 crore, aided by higher non-interest income and lower provisions. However, the bank warned of NIM pressure due to potential RBI rate cuts. Loan growth missed FY25 targets, and operating expenses rose. Analysts remain bullish, with a 16% upside potential.
Union Bank Q4 results: Net profit surges 50% on strong treasury gains
Union Bank of India reported a robust 50% surge in net profit for the March quarter, reaching ₹4,985 crore, driven by a significant increase in treasury gains. For FY25, net profit increased by 32% year-on-year, reaching ₹17,987 crore. While loan and deposit growth fell short of targets, the bank successfully reduced its gross non-performing assets ratio below 4%.
Canara Bank Q4 profit rises 33% YoY to Rs 5,003 cr; bank declares Rs 4 per share dividend
Canara Bank reported a 33.2% YoY jump in Q4FY25 net profit to ₹5,003 crore, driven by higher other income and lower provisions. The bank declared ₹4 dividend per share and gave moderate FY26 growth and NPA guidance.
IIFL Finance Q4 Results: Profit falls 42% to Rs 251 crore
IIFL Finance Thursday reported a 42% year-on-year fall in consolidated net profit for the March quarter mainly because of flat loan book, which led to 9% shrinkage in net interest income.
Canara Bank Q4 Results: Standalone PAT jumps 33% YoY to Rs 5,004 crore; Rs 4/share dividend declared
Canara Bank reported a 33% YoY rise in Q4FY25 net profit to Rs 5,004 crore, while NII dipped 1.4% to Rs 9,442 crore. Sequentially, PAT rose 22% and operating profit grew 5.7%. The board recommended a Rs 4 dividend per share. Asset quality improved, with Gross NPA down to 2.94% and Net NPA at 0.70%.
What does the recent 10% drop in BoB's stock signal for investors?
The credit cost increased amid a higher slippage ratio owing to the micro, small, and medium enterprises (MSME) segment. The gross nonperforming asset (NPA) ratio continued to slide to a multi-quarter low. The share of the retail segment in the loan portfolio rose to 30% from 28% a year ago while the bank reported the highest ever net profit for the quarter and full year.
Piramal Enterprises Q4 Results: Profit falls 25% even as AUM surges 17%
Piramal Enterprises experienced a 25% drop in net profit for the March quarter, despite a 17% rise in assets under management. The profit stood at Rs102 crore, impacted by the previous year's one-off gain from Shriram Finance. Looking ahead, the company targets 25% AUM growth in FY26, aiming for retail assets to constitute 80-85% of the portfolio.
PNB Q4 Results: Net profit surges 52% YoY to Rs 4,567 crore
PNB Q4 Results FY25: Net Interest Income (NII) grew 4% year-on-year to Rs 10,757 crore, indicating steady lending growth, while non-interest income rose 11% to Rs 4,716 crore.
High deposit costs a drag on Bank of Baroda's Q4
Net interest income-difference between interest paid to depositors and interest earned on loans-fell nearly 7% YoY to ₹11,020 crore in the fourth quarter. NII climbed 2% for the full financial year, while NIM moderated to 3.02% from 3.18% a year ago. However, non-interest income, which includes treasury gains, surged 24% in the March quarter to ₹5,210 crore, boosting the bank's bottom line.
Kotak Bank slides on weak Q4 earnings, downgrades
The private lender reported a 14% dip in its standalone profit after tax (PAT) at ₹3,552 crore, from the same quarter last year. Net Interest Income (NII) increased to ₹7,284 crore for January-March, from ₹6,909 crore last year, up 5% in the period.
SBI shares drop 2% after Q4 profit falls 10% YoY. What should investors do?
State Bank of India's Q4FY25 net profit declined by 10% YoY to Rs 18,642.59 crore, despite a 2.7% rise in net interest income. Asset quality improved with gross and net NPA ratios decreasing, while the bank plans to raise up to Rs 25,000 crore in equity capital during FY26 through various methods. Loan loss provisions surged, impacting overall profitability.
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