Net interest income, the difference between interest earned on loans and interest paid to depositors, rose 12.4 per cent
HDFC Bank Ltd, India's second-biggest private sector lender by assets, on Tuesday reported a 20 percent rise in quarterly net profit, lagging estimates, due to higher tax expenses and provisioning for loan losses.
Axis Bank, the third largest private sector bank after HDFC Bank and ICICI Bank, posted 18 per cent rise in net profit in the quarter ended September 30 helped by demand from retail borrowers.
The projection is in view of the positive numbers recorded so far this year, which are poised to continue into the fourth quarter, should there be no “major surprises”.
Europe has generated more profit for Hong Kong-based Hutchison Whampoa, a subsidiary of Cheung Kong Holdings, during the first half of this year than the profit earned by both China and Hong Kong
ASX chairman Rick Holliday-Smith has used his annual general meeting to celebrate what he called the company's "record revenues and earnings", and to urge shareholders to vote in favour of chief executive Elmer Funke Kupper's remunerat
Bank Islam Malaysia Bhd, the nation's first Islamic Bank, expects a 20 per cent growth in its financing activities this year
The bulk of the profit was made up by the Kiwibank Banking Group (“Kiwibank”) which achieved an after-tax profit of $100 million, an increase of three per cent over the previous year’s profit of $97 million.
Malayan Banking Bhd., Malaysia’s biggest lender, said profit rose at the weakest pace since 2009 last quarter as a slowdown in its investment banking business countered gains from loans growth.