The lender posted a surge of 74 per cent in its net profit to Rs 13,264 crore for the quarter ended September, against Rs 7,627 crore in the year-ago period, on the back of robust loan sales, higher interest income and lower provisions. In five days, the stocks of the lender have managed to climb over 6 per cent amidst the volatility in the market.
Though the company claimed while there had been ups and downs in the stock's journey since then, as the company delivered growth one sign was getting clearer -- retail investors and mutual funds were increasing their shareholding in the company.
New Delhi, [India], 11 (ANI): Fintech solutions provider One 97 Communications, which operates the popular payment platform Paytm, continues to witness robust loan distribution growth as it reiterated its focus on maintaining a quality loan book.
Ahmedabad (Gujarat) [India], September 17 (ANI/PRNewswire): The Adani Family, through Endeavour Trade and Investment Ltd ("BidCo"), a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd.
New Delhi [India], July 25 (ANI): After touching an all-time low and psychologically crucial level of 80 per US dollar last week, the Indian currency rupee traded largely steady on Monday.
New Delhi [India], February 28 (ANI): The government on Monday appointed Madhabi Puri Buch, the former head of ICICI Securities, as the new chairperson of the market regulator Securities and Exchange Board of India (SEBI).