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IndusInd Bank Q2 net profit surges 50% to ₹1383 crore, but misses estimates

Net interest income rose 32.05% to ₹2,909.54 crore, against ₹2,203.28 crore in the same quarter last year Gross non-performing asset increased 145.33% to ₹4,370.20 crore, from ₹1,781.36 crore last year Private lender IndusInd Bank Ltd on Thursday reported a 50% increase in its September-quarter net profit from a year ago due to higher net interest and other income. Net …

IndusInd Bank Q2 net profit surges 50% to ₹1383 crore, but misses estimates Read More »

RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per account

MUMBAI: The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000, throwing the lives of thousands of traders, self-employed and daily wage earners into disarray. The regulator has also appointed an administrator for the bank. Defaults appear …

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This microcap continues to surprise with strong earnings growth

Highlights:-Strong Q1 performance despite delayed monsoon-Medical devices and exports to drive growth in coming quarters-Strong operating and net margins-High return on capital employed Kilpest India Limited (KILP) (CMP: Rs 89; mcap: Rs 67 crore) is a small agrochemical company which started making molecular diagnostic products in the last few years. The company’s two main verticals are agrochemicals …

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