Private sector lender Federal Bank posted a 54% rise in its profit at ₹804 crore in the third quarter ended December 2022 (Q3FY23), on higher net interest income and improved asset quality. The bank had posted a net profit of ₹522 crore in the same quarter a year ago. The bank’s net Interest Income (NII), […]
Stock Market Today LIVE: Sensex, Nifty trade flat as gains by bank
Indian frontline indices S&P BSE Sensex and Nifty50 have been buying and selling flat round eleven:20 am. The buying and selling became variety certain with stability transferring among bulls and bears. While Sensex became buying and selling at 60,963.10, up through 36 factors or 0.06 according to cent, the wider marketplace Nifty50 became buying and […]
Govt seeks₹640 billion value for IDBI Bank in stake sale
India is pushing for a valuation of around 640 billion rupees ($7.7 billion) for state-owned IDBI Bank Ltd. in what could be the biggest sale of the government’s stake in a lender in decades, according to a person familiar with the matter. The government earlier this month invited bidders for a 60.72% stake in the […]