Creative Bharat
MUMBAI: IDFC FIRST Bank reported a 76% rise in profit after tax (PAT) to Rs. 352 crore for Q2 FY26, driven by lower provisions and growth in its retail and commercial businesses. The bank’s CASA ratio crossed 50% for the first time, reflecting improved funding stability.The PAT jump was supported by a 16.2% YoY decline […]
MUMBAI: IndusInd Bank reported a net loss of Rs 437 crore for the quarter ended September 30, 2025 (Q2 FY26), compared with a net profit of Rs 1,331 crore a year earlier, as a steep rise in provisions and a decline in core income weighed on profitability.Net interest income fell 18% year-on-year to Rs. 4,409 […]
MUMBAI: Federal Bank reported a record rise in operational income for the quarter ended Sept 2025, but higher provisions led to a decline in net profit.The bank’s net profit fell 9.5% year-on-year to Rs 955.3 crore from Rs 1,057 crore in the same quarter last year. Total provisions, including tax, rose 35.4% to Rs 689 […]
Private sector lender Axis Bank on Wednesday reported a 26 per cent decline in standalone net profit to Rs 5,089.64 crore for the quarter ended September 2025, down from Rs 6,917.57 crore in the same period last year and Rs 5,806.14 crore in the preceding quarter.The bank’s net interest income (NII) rose marginally by 1 […]
The Lok Sabha on Wednesday passed the Promotion and Regulation of Online Gaming Bill, 2025, which seeks to foster the growth of e-sports and online social gaming while banning online money games. The Promotion and Regulation of Online Gaming Bill, 2025, introduced in the Lok Sabha by Union minister Ashwini Vaishnaw, aims to regulate India’s […]
With various sections of the DPDP Act placing restrictions on transfer of personal data, concerns have been expressed about its impact on journalistic work. Journalist bodies and civil rights bodies on Friday raised concerns about certain provisions of the Digital Personal Data Protection (DPDP) Act, 2023 at an open house. The open house was held […]
MUMBAI: A sharp increase in provisions pulled down quarterly profit at Federal Bank, India’s sixth-largest private lender, even as asset quality and core earnings improved. Net profit declined 14.6% to Rs 861.8 crore in the quarter ended June 30, 2025, from Rs 1,009.5 crore a year earlier.The fall in profit was driven by a 177.4% […]
Kotak Mahindra Bank reported a consolidated net profit of Rs 4,472 crore for the June quarter, marking a significant drop from Rs 7,448 crore in the same period last year. The previous year’s figure, however, included a one-time gain of over Rs 3,000 crore from the sale of a stake in its general insurance business, […]
Prime Minister Narendra Modi has called on state governments to ensure the mandatory registration of all eligible real estate projects under the Real Estate (Regulation and Development) Act (RERA). He emphasized that strict adherence to RERA provisions is essential to rebuilding homebuyer confidence and restoring trust in the housing sector. Prime Minister Narendra Modi has […]
The Supreme Court, on Thursday, upheld the constitutional validity of arrest provisions under GST and Custom laws. However, it has also prescribed certain conditions for action, based on such provisions. “The challenge to the constitutional validity as also the right of the authorised officers under the Customs Act and the GST Act to arrest are […]
