NEWSLETTER, Tuesday 25th July 2023
The Life Insurance Corporation of India named Sat Pal Bhanoo as the company's managing director.
IDBI Bank reported a 62 per cent YoY growth to Rs 1,224.18cr in its net profit for the first quarter of the current financial year (Q1FY24), the company stated in a BSE filing.
Satin Creditcare Network Limited, names Bhuvnesh Khanna as President of Satin Finserv Limited, its MSME wholly owned subsidiary.
ICICI Bank reported a rise of 39.7 per cent in net profit to Rs 9,648 cr on a standalone basis, compared to Rs 6,905 crore in the corresponding period last year for the first Quarter for FY 23-24.
Kotak Mahindra Bank, reported PAT (profit after tax) for Q1 of FY24 of Rs 3,252cr, up by 67 per cent YoY from 2,071 crore in Q1 of FY23.
YES Bank, recorded a growth of 10.26 per cent in standalone profit for the Q1 of 2023-24 to Rs 342.52 cr on Saturday.
Charanjit Singh Attra, recently retired as the State Bank of India's (SBI) CFO, and named the Chief Operating Officer (COO) of Jio Financial Services (JFS).
HDFC Life reported a 15 per cent growth in net profit at Rs 415 crore, for the June quarter 2023-24, driven by general improvement in business and large capital gains from the market.
Union Bank of India's see a growth of 108 per cent year-on-year (YoY) in net profit to Rs 3,236 crore in the first quarter, ended June 30, 2023.
South Indian Bank (SIB) reported a net profit of 75 per cent to Rs 202.35 crore for the first quarter of the fiscal year ended June 30 this year.
Bank of Maharashtra reported a 95 per cent year-on-year (YoY) increase in standalone net profit for the quarter ended June 30, 2023 (Q1FY24) on Wednesday.
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