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SECTOR | 05 Aug 2025

Aditya Birla Capital net profit up 3% on asset boost

Economic Times

Aditya Birla Capital's standalone net profit increased by 3% to 676 crore. This is for the quarter ended June 2025. Assets under management grew by 22% to 1.31 lakh crore. The NBFC business saw an 18% rise in disbursements. Consolidated net profit also rose by 10% to 835 crore.

Deven Choksey released a Top Picks report for Banks on 11 Sep, 2025.

Banks

SECTOR | 05 Aug 2025

FSIB Suggests 11 Chief General Managers For Posts Of Executive Directors In State-Owned Banks

NDTV Profit

Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommended 11 names for the panel of EDs for year 2025-26, FSIB said in a statement.

Deven Choksey released a Top Picks report for Banks on 11 Sep, 2025.

Banks

SECTOR | 04 Aug 2025

Tata Investment Corporation Q1 results: PAT net up 11.6% at 146.3 cr

Business Standard

Tata Investment Corporation Ltd on Monday reported an 11.6 per cent increase in consolidated profit after tax at Rs 146.3 crore in the first quarter ended June 30, 2025 on higher dividend income. The company had posted a consolidated profit after tax (PAT) of Rs 131.07 crore in the same quarter last fiscal, Tata Investment Corporation Ltd (TICL) said in a regulatory filing. Consolidated total revenue from operations in the quarter under review stood at Rs 145.46 crore, as against Rs 142.46 crore in the year-ago period, it added. TICL, a systemically important non banking financial company (NBFC), which has been classified by The Reserve Bank of India (RBI) as a middle layer NBFC, said its dividend income in the first quarter was at Rs 89.16 crore, as compared to Rs 84.08 crore in the corresponding period last fiscal. Total expenses were marginally higher at Rs 12.15 crore, as compared to Rs 11.77 crore in the same quarter a year ago, the company said. The company said its board

Deven Choksey released a Top Picks report for Banks on 11 Sep, 2025.

Banks

SECTOR | 03 Aug 2025

Kisan Credit Card accounts in PSBs down 1.8% to 22.5 million in FY25

Business Standard

Union Finance Minister Nirmala Sitharaman in her budget for FY26 increased the loan limit for farmers holding KCC to Rs 5 lakh from Rs 3 lakh earlier

Deven Choksey released a Top Picks report for Banks on 11 Sep, 2025.

Banks

SECTOR | 02 Aug 2025

Banks' credit growth to remain low as corporates using other funding sources in low interest rate regime: SBI Report

Business Line

Share of incremental bank credit in total resource flow expected to fall from 31.3% in FY25 to just 22% by second quarter of FY26

Deven Choksey released a Top Picks report for Banks on 11 Sep, 2025.

Banks

SECTOR | 02 Aug 2025

ARCIL plans IPO comprising OFS by Avenue India Resurgence, SBI and other investors

Business Line

ARCIL's to be the first IPO by an asset reconstruction company

Deven Choksey released a Top Picks report for Banks on 11 Sep, 2025.

Banks

SECTOR | 02 Aug 2025

Saturday Bank Holiday: Are Banks Open Or Closed On August 2?

NDTV Profit

In August, two major festivals fall on Saturdays, which can confuse customers regarding banking operations.

Deven Choksey released a Top Picks report for Banks on 11 Sep, 2025.

Donald Trump tariff impact: Banks likely to tighten lending to MSMEs

Business Standard | 01 Aug 2025 4 more

Banks

SECTOR | 01 Aug 2025

Government Appoints Merchant Bankers, Legal Firms For Managing Stake Sales In LIC, PSBs

NDTV Profit

In February, DIPAM had invited bids from merchant bankers and legal firms to assist the government in divesting its stake in public sector banks and listed financial institutions.

Deven Choksey released a Top Picks report for Banks on 11 Sep, 2025.

Banks

SECTOR | 01 Aug 2025

New banking law kicks in today to boost governance, protect deposits

Business Standard

The Banking Laws (Amendment) Act, 2025 takes effect today, introducing key reforms to improve governance, enhance PSB audits, and safeguard depositors across India

Deven Choksey released a Top Picks report for Banks on 11 Sep, 2025.

Banks

SECTOR | 31 Jul 2025

Poonawalla Fincorp deploys 4 AI solutions to boost operations, finance efficiency

Business Line

The NBFC launched an agentic AI-powered Data Quality Index to autonomously manage data integrity, using anomaly detection and self-adaptive checks to ensure compliance

Deven Choksey released a Top Picks report for Banks on 11 Sep, 2025.

Cholamandalam Investment and Finance Q1 net profit soars 20% to 1,138 crore

Business Line | 31 Jul 2025 2 more