Public sector banks achieve record profit of over ₹1 lakh crore in FY23: Report

In percentage terms, Pune-based Bank of Maharashtra (BoM) had the highest net profit growth with 126% to ₹2,602 crore, followed by UCO Bank with a 100% rise to ₹1,862 crore and Bank of Baroda with a 94% increase to ₹14,110 crore.

Eight PSU banks register more than 50% rise in Q4 net profit; Bank of Baroda tops the list

Bank of Baroda leads the way with a 168% YoY rise in Q4FY23 net profit to ₹4,775 crore. Bank of Maharashtra, Bank of India, Union Bank of India, Canara Bank, and Central Bank of India also delivered strong profit growth in Q4FY23.

Kotak Mahindra Bank vs RBL Bank: Which banking stock is better?

Amid this ongoing March quarter results, let's analyse between Kotak Mahindra Bank and RBL Bank, which private sector lender has better investment opportunities in the long term.

HDFC Bank vs ICICI Bank: Who reported better fourth-quarter earnings?

HDFC Bank's net profit for the March quarter came in at ₹12,047.5 crore, up 19.8% YoY. ICICI Bank's net profit for Q4 FY23 stood at ₹9,122 crore, a 30.0% YoY increase, and its net profit for the fiscal year 2023 was ₹31,896 crore, a 36.7% YoY increase.

New investors should invest as early as possible to average out volatility, says Harshad Patil of Tata AIA Life

In an interview with MintGenie, Patil advises that new investors should invest as early as possible and stay invested by averaging out the market volatility to benefit from long-term compounding of returns.

Credit Suisse Crisis: Indian banks are well placed, says Jefferies; lists out key reasons

As such, the domestic bond market investors are not really concerned over the Indian stocks following the latest episode surrounding Credit Suisse, the brokerage noted.

Yes Bank shares drop 12.5% after three-year lock-in period ends

On March 13, the lock-in period for Yes Bank's investors expired, allowing them to sell their shares in the secondary market. However, most of the banks had already sold almost 25% of their holdings in the bank, which were not under the lock-in.

KR Choksey remains bullish on these two large-cap banking stocks; sees up to 38% upside

ICICI Bank, the second-largest private sector lender in India, has shown robust growth momentum in all segments over the last few years. IndusInd Bank, on the other hand, has emerged as one of India's fastest-growing private banks.

Nifty PSU Bank index surges over 5% with all 12 stocks gaining; Union Bank tops

On Friday, the Nifty PSU Bank index rose by 5.40% to 3,970, with all 12 constituents of the index closing with gains of more than 5%. Union Bank of India had the highest gain among all PSU bank stocks, rising by 8.3% to ₹72.4 apiece.

Moody's maintains stable outlook on Indian banks

<ul><li>Stating that asset quality of banks will be stable, it said non-performing loan (NPL) ratios will decline modestly because of recoveries and write-offs of legacy problem loans.</li></ul>

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Public sector banks achieve record profit of over ₹1 lakh crore in FY23: Report

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