Private sector lender IndusInd Bank recorded a net profit of Rs 2,349 crore for the January-March quarter of fiscal year (FY) 2023-24, up 15 per cent from Rs 2,043 crore in the previous year. The net profit, at Rs 2,349 crore, exceeds the market forecast of Rs 2,261 crore. In its quarterly statement earlier this […] The post IndusInd Bank Q4 Results: Net Profit up by 15% to Rs 2349 Cr appeared first on Elets BFSI ..read more

Bajaj Finance Limited (BFL) has announced its financial results for the fourth quarter and fiscal year 2024, showcasing a robust performance. The company reported a consolidated profit after tax of ₹3,825 crore for Q4 FY24 and ₹14,451 crore for the entire fiscal year, representing substantial growth compared to the previous year. One of the key […] The post Bajaj Finance Limited Q4 results: Net Profit Surges 21% to Rs 3825 Cr appeared first on Elets BFSI ..read more

In today’s fast-paced world, where time equates with money and value, moving goods faster is more critical than ever before. In the midst of this perpetual interplay, NBFCs are emerging as key players, actively bridging commercial vehicle operators with customised financing solutions. At the heart of logistics ecosystem, where time holds economic significance and delivering […] The post NBFCs Fully Equipped to Navigate the Road Ahead for Commercial Vehicle Financing appeared first on Elets BFSI ..read more

Axis Bank announced that its Board has accepted Amitabh Chaudhry’s re-appointment as the Managing Director (MD) and Chief Executive Officer (CEO) for another three years, beginning January 1, 2025, and ending December 31, 2027. The re-appointment is subject to the Reserve Bank of India’s (RBI) and members’ approval under applicable regulations, the bank stated in […] The post Axis Bank Board Extends Amitabh Chaudhary’s tenure as MD & CEO Till 2027 appeared first on Elets BFSI ..read more

Equitas Small Finance Bank Limited has announced its audited financial results for the quarter and full year ended March 31, 2024, showcasing robust growth and stability across key metrics. The bank recorded its highest Profit After Tax (PAT) of Rs. 799 Cr for FY24, marking a 39 per cent increase from Rs. 574 Cr in […] The post Equitas Small Finance Bank Q4 Results: PAT Surges by 39% to Rs 799 cr appeared first on Elets BFSI ..read more

Axis Bank, in its latest financial disclosure for the fiscal quarter spanning January to March 2023-24 (Q4FY24), unveiled a remarkable turnaround, posting a net profit of ₹7,130 crore. This figure marks a significant upswing from the loss of ₹5,728.4 crore reported in the corresponding period of the previous fiscal year. Under the leadership of MD […] The post Axis Bank registers ₹7,130 crore net profit in Q4 of FY24 appeared first on Elets BFSI ..read more

Digital transformation is key to every sector in today’s era. India’s digital growth and prowess now is an inspiration to countries across the globe. Various industries and segments have transitioned to digital mode while maintaining traditional services, especially in the financial sector. NBFCs in India have been at the forefront of adopting newer technologies to […] The post Way forward for NBFCs while thriving in the digital era appeared first on Elets BFSI ..read more

Raising funds is crucial for the success of any financial company. In the aftermath of the CRB scam of 1997, this had become especially challenging, shared V.P. Nandakumar, MD & CEO, Manappuram Finance, in an exclusive interview with Srajan Agarwal of Elets News Network (ENN). Your journey with Manappuram Finance began in a one-room store […] The post Adapting to Thrive Strategies Behind a Financial Triumph appeared first on Elets BFSI ..read more

Lendingkart Group has named Mukund Barsagade as the Group Chief Financial Officer, today. Mukund is a seasoned finance leader with over 28 years of experience in BFSI and IT. Prior to this, Mukund was the CFO of Paytm Payments Bank, where he handled the financial management of one of India’s biggest digital banks, providing a […] The post Lendingkart names Mukund Barsagade as Group Chief Financial Officer appeared first on Elets BFSI ..read more

In a bid to accelerate the adoption of solar energy across Indian households, Indian Bank has partnered with Tata Power Solar Systems Ltd. (TPSSL). This collaboration aims to empower residential consumers by providing them with financial support for solar installations. Under the alliance, Indian Bank will extend financial assistance to residential consumers under the PM […] The post Indian Bank partners with Tata Power Solar to accelerate energy adoption appeared first on Elets BFSI ..read more