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24.10.26 - 20:00
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IDFC First Bank Q2 profit nearly triples to Rs 1,045 crore; loan assets rise 30% (Times of India)
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In Q2 FY27, IDFC First Bank showcased an impressive profit surge of 196.5 percent year-on-year, reaching Rs 1,045 crore. The bank's robust core operating performance is highlighted by a 21 percent rise in net interest income. Additionally, total loan assets expanded by 30.1 percent, showcasing substantial business growth. With gross non-performing assets reduced to 1.32 percent, management credits this achievement to effective deposit strategies and anticipated liquidity advantages....
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24.10.26 - 17:30
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Kotak Mahindra Bank Q2 results: Consolidated net profit jumps 26% to Rs 5,645 crore (Times of India)
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Kotak Mahindra Bank reported an impressive 26% growth in its consolidated net profit for the September quarter of FY27. Standalone profit surged by 29%, reaching Rs 4,212 crore. The bank's asset quality improved, as evidenced by the notable decrease in gross non-performing assets. Moreover, the net interest income increased by 16%, with a robust capital adequacy ratio of 21.9%. Nevertheless, the net interest margin dipped to 4....
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24.10.26 - 15:24
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Persistent Oil Prices Threaten Inflation Outlook (Bloomberg)
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Seaport Research Partners Chief Equity Strategist Jonathan Golub tells Bloomberg This Weekend that stocks are not in an AI bubble, arguing that strong earnings and lower valuations show investors remain skeptical even as AI drives much of the market. Speaking with hosts David Gura and Christina Ruffini, Golub says a prolonged Middle East conflict could keep oil and inflation elevated, eventually forcing the Federal Reserve to respond as strains emerge in credit markets. (Source: Bloomberg)...
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