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Bajaj Finance fixes June 16 as record date for 1:2 stock split, 4:1 bonus equity share
Bajaj Finance has fixed June 16, 2025, as the record date for its 1:2 stock split and 4:1 bonus equity share issue. This comes after a strong Q4 performance, with 19% YoY profit growth, 26% AUM rise, and RBI’s surprise rate cut boosting sentiment.
HDFC Bank shares jump 1.5% to hit fresh 52-week high; here’s why
HDFC Bank shares surged to a 52-week high following the RBI's unexpected interest rate cut and CRR reduction. The Bank Nifty also hit a record high, with other bank stocks rising. While NIM concerns arose, the CRR cut is expected to inject liquidity and boost economic growth.
Private lenders disappoint in Q4FY25, but small and PSU banks impress. HDFC Bank, SBI among 16 stocks to buy
India’s banking sector saw a mixed Q4FY25, with private banks lagging and small/mid-sized banks outperforming. ICICI and HDFC Bank posted healthy profits, while SBI and Kotak disappointed. Public sector banks reported strong PAT growth. Analysts expect double-digit earnings growth in FY26, with multiple brokerage buy calls on leading banks like HDFC Bank, ICICI Bank and SBI.
Other income boosts performance of banks in Q4 amid weak credit demand
While a majority of the banks reported double-digit net profit growth for the March 2025 quarter, it was largely driven by a robust increase in the other income as most of them were unable to post strong growth in net interest income (NII).
Govt extends tenure of Punjab & Sind Bank MD till Feb 2027
Swarup Kumar Saha's tenure as MD and CEO of Punjab & Sind Bank has been extended by the government until February 2027, following approval from the Appointments Committee of the Cabinet. Saha initially assumed the role on June 3, 2022.
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.
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.
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