HSBC exits Brazil as group profit falls

Last Updated: Monday, August 3, 2015, 21:08

HSBC has agreed to sell its Brazilian business to local group Banco Bradesco, the British banking giant announced Monday alongside news of a fall in net profits.

Commerzbank hails 'turnaround' as profits almost triple

Last Updated: Monday, August 3, 2015, 20:49

Germany's second biggest banking group Commerzbank said today its second-quarter profits had almost tripled, pushed up by higher revenue and a lower tax bill.

HSBC pre-tax net dips 11% as key verticals fare poorly

Last Updated: Monday, August 3, 2015, 20:34

The oldest foreign lender HSBC India today reported 11 percent dip in pre-tax profit for the January-June period at USD 335 million due to a fall in the merchant banking, retail banking and wealth businesses.

HCL Tech Q4 net slips 2.8% to Rs 1,783 crore

Last Updated: Monday, August 3, 2015, 17:04

HCL Technologies Monday posted 2.8 percent fall in consolidated net profit at Rs 1,783 crore for June 2015 quarter on account of higher selling, general and administrative (SG&A) expenses.

ITC Q1 net up 3.61% at Rs 2,265.44 crore

Last Updated: Thursday, July 30, 2015, 13:10

ITC Ltd Thursday posted 3.61 percent rise in net profit at Rs 2,265.44 crore for the first quarter ended June 30, as compared to Rs 2,186.39 crore during the same period of 2014-15 fiscal.

Core income perks up Yes Bank net 28%; eyes MF buyout

Last Updated: Wednesday, July 29, 2015, 15:43

Private sector lender Yes Bank Wednesday reported 27.7 percent rise in net profit to Rs 551.20 crore during the first quarter ended June 30, 2015-16, on higher net interest income.

Bank results indicating asset quality stability: RBI

Last Updated: Wednesday, July 29, 2015, 15:22

Reserve Bank Deputy Governor S S Mundra on Wednesday said initial trends from banks' first quarter results indicate some stability on asset quality.

Allahabad Bank Q1 net up over 30% at Rs 147 cr

Last Updated: Wednesday, July 29, 2015, 14:28

Allahabad Bank Wednesday reported over 30 percent rise in net profit at Rs 146.86 crore during the first quarter ended June 30, against 112.72 crore in the same quarter of the previous fiscal.

SpiceJet shares continue to fly high; gain 6.5%

Last Updated: Wednesday, July 29, 2015, 13:20

Shares of budget carrier SpiceJet rose 6.5 percent Wednesday after the company posted second straight quarterly profit at Rs 71.8 crore for the three months ended June, 2015.

HDFC Q1 Net up 18% on healthy loan growth

Last Updated: Tuesday, July 28, 2015, 16:01

Country's largest mortgage lender HDFC on Tuesday reported an 18 percent growth in consolidated net profit at Rs 2,204 crore on the back of a healthy 19 percent loan growth in the three months to June.