[ad_1] Quick Take Summary is AI generated, newsroom reviewed. The Reserve Bank has fined five banks, including ICICI (Rs 97.80 lakh) and Bank of Baroda (Rs 61.40 lakh), for regulatory non-compliance. Other penalties include IDBI (Rs 31.80 lakh) and Bank of Maharashtra (Rs 31.80 lakh), and Axis Bank (Rs 29.60 lakh). Mumbai: The Reserve Bank…
[ad_1] The combined market valuation of seven of the top 10 most valued firms increased by Rs 65,302.5 crore last week with Tata Consultancy Services (TCS) and ICICI Bank leading the pack.Sensex surged 663.35 points or 0.90% last week, while Nifty advanced 165.7 points or 0.74%.BSE and NSE also conducted a special trading session on…
[ad_1] MUMBAI: Union Bank of India and IDBI Bank reported the highest increase in Q3FY24 net profit at 60% and 57%, respectively, among the banks that declared their results on Friday, leading to share prices reaching 52-week highs. Other lenders ICICI Bank, IDFC First Bank and Union Bank of India also reported improved earnings.Most of…
[ad_1] MUMBAI: ICICI Bank on Saturday said its consolidated net profit for the December quarter jumped 25.7% to Rs 11,052.60 crore, up from Rs 8,792.42 crore. The second largest private sector lender posted a 23.6% rise in standalone net profit for the third quarter of the current fiscal to Rs 10,272 crore. The bank’s core…
[ad_1] MUMBAI: After gaining for weeks, the sensex witnessed a session of across-the-board profit-taking, mainly by foreign funds, that led to a 1,628-point or 2.2% drop in the index to 71,501 points. This was the biggest single-session slide in the sensex in almost 23 months, which left investors poorer by about Rs 4 lakh crore,…
