BANKING & FINANCE Tamilnad Mercantile Bank Q1 Profit Rises 35% To ₹411.5 Cr; NII Grows

Tamilnad Mercantile Bank Ltd (TMB) posted a 34.97% year-on-year (YoY) increase in net profit at ₹411.51 crore for the first quarter of FY27, driven by strong growth in net interest income(NII), healthy expansion in advances and deposits, and continued improvement in asset quality. The private sector lender had reported a net profit of ₹304.89 crore […]

CW Bureau · Jul 27, 2026

BANKING & FINANCE Five-Star Business Finance Q1 Profit At ₹271 Cr; Posts High Disbursements

Chennai-based non-banking finance company (NBFC) Five-Star Business Finance Ltd reported a 2% year-on-year increase in net profit to ₹271 crore for the first quarter ended June 30, 2026, compared with ₹266 crore in the corresponding quarter of the previous fiscal. The company’s Net Interest Margin (NIM) remained largely stable at 19.97%, marginally lower than 19.99% […]

CW Bureau · Jul 25, 2026

BANKING & FINANCE IDFC FIRST Bank Q1 Profit Rises 132% To Record ₹1,075 Cr, Bad Loans Drop

IDFC FIRST Bank delivered its strongest quarterly performance to date, reporting a record profit after tax (PAT) of ₹1,075 crore for the first quarter of FY27, more than doubling from ₹463 crore in the corresponding quarter last year, driven by improved margins, healthier asset quality and robust business growth. The bank’s net interest margin (NIM) […]

CW Bureau · Jul 25, 2026

BANKING & FINANCE ICICI Bank Q1 Net Profit Rises 16% To ₹14,805 Cr; Provisions See Decline

ICICI Bank reported a 15.9% year-on-year increase in standalone profit after tax (PAT) to ₹14,805 crore for the first quarter of FY27, driven by healthy growth in net interest income, strong fee income and sustained expansion in its loan portfolio. The private sector lender had posted a net profit of ₹12,768 crore in the corresponding […]

CW Bureau · Jul 18, 2026

BANKING & FINANCE Kotak Mahindra Bank Q1 Profit Jumps 26% On Strong Loan Growth And NII

Kotak Mahindra Bank reported a 26% year-on-year rise in standalone net profit to ₹4,123 crore for the first quarter of FY27, aided by steady growth in net interest income (NII), healthy loan expansion and a sharp decline in credit provisions. The bank had posted a profit after tax (PAT) of ₹3,282 crore in the corresponding […]

CW Bureau · Jul 18, 2026

BANKING & FINANCE Axis Bank Q1 Profit Up 23% To ₹7,114 Cr On Strong Income, Asset Quality

Private sector lender Axis Bank reported a 23% year-on-year increase in net profit to ₹7,114 crore for the first quarter of FY27, driven by healthy growth in core income, improved operating efficiency and stable asset quality. The bank had posted a net profit of ₹5,806 crore in the corresponding quarter of the previous financial year. […]

CW Bureau · Jul 18, 2026

BANKING & FINANCE Federal Bank Q1 Net Profit Rises 37% To ₹1,177 Cr; Asset Quality Improves

Federal Bank reported a 36.57% year-on-year increase in net profit to ₹1,176.93 crore for the quarter ended June 30, 2026 (Q1 FY27), driven by strong growth in its core lending business, expanding margins and a sharp improvement in asset quality. The bank’s performance was powered by robust growth in net interest income and fee income, […]

CW Bureau · Jul 17, 2026

BANKING & FINANCE As Vaswani Declines Another Tenure, Kotak Mahindra Bank Starts CEO Hunt

Kotak Mahindra Bank (KMB) has initiated the search for a new Managing Director & Chief Executive Officer after incumbent MD & CEO Ashok Vaswani informed the board that he does not wish to seek reappointment upon the completion of his current term on December 31, 2026, citing personal reasons. The bank’s board, at its meeting […]

CW Bureau · Jun 27, 2026

BANKING & FINANCE Karur Vysya Bank Expects Its Credit Growth Above Industry Level In FY27

The Karur Vysya Bank Ltd expects its credit growth to outpace industry growth by 1-2% during FY27 despite global macroeconomic uncertainties, geopolitical tensions and pressure on margins. The bank expects slippages to remain below 1% of the asset book during FY27, while liquidity coverage ratio (LCR) is projected to remain in the range of 115-120%. […]

CW Bureau · May 13, 2026

BANKING & FINANCE Canara Bank Q4 Net Dips By 10% To ₹4,506 Cr On Lower Other Income

Public sector lender Canara Bank reported a 10% decline in standalone net profit for the March quarter at ₹4,506 crore compared with the corresponding period last year, impacted by lower other income and decline in operating profit. Interest income increased 2.7% to ₹31,838 crore, while non-interest income contracted 24% to ₹4,824 crore. Fee-based income, however, rose […]

CW Bureau · May 11, 2026

BANKING & FINANCE Karur Vysya Bank Q4 Net Up 41% To ₹725 Cr On Improved Asset Quality

Private sector lender Karur Vysya Bank (KVB) posted a 41% increase in its March quarter net profit to ₹725 crore, up from ₹513 crore in the corresponding period a year ago due to improved asset quality and increase in interest income. KVB’s net interest income increased by 25% to ₹1,359 crore from ₹1,089 crore. Net interest […]

CW Bureau · May 7, 2026

BANKING & FINANCE Kotak Mahindra Bank Q4 Profit Rises 13% On Strong Income, Asset Quality

Kotak Mahindra Bank Ltd (KMBL) reported a 13% increase in standalone net profit at ₹4,027 crore for the March quarter, driven by higher interest income and improved asset quality. Net Interest Income rose 8% to ₹7,876 crore, while Net Interest Margin contracted to 4.67% from 4.97%. Cost of funds declined to 4.45% from 5.09%. Fee […]

CW Bureau · May 2, 2026