RBI Regulations

Weak Q3 FY24 Performance Hits SBI Card and AU Small Finance Bank; Shares Decline

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SBI Card and AU Small Finance Bank face market challenges as their Q3 FY24 performance falls short of expectations, leading to a notable decline in their stock prices. Analysts attribute the dip to rising provisions, interest rates, and funding costs. Here’s a detailed overview of their financial performance and the market’s reaction. SBI Card’s Q3 … Read more

ICICI Bank’s Robust Q3 Performance: Net Profit Surges 24% to ₹10,272 Crore, Provisions Decline – Key Highlights

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Private lender ICICI Bank Ltd has reported a robust standalone net profit of ₹10,271.54 crore for the December quarter, showcasing a significant 23.57% YoY growth. The bank’s Q3 results also reveal noteworthy improvements in provisions, net interest income (NII), and various business segments. Here are the key takeaways from ICICI Bank’s Q3FY24 performance. Financial Highlights: … Read more