MUMBAI: State Bank of India reported a 35% drop in net profit for the quarter ended December 2023 following a one-time exceptional provision of Rs 7,100 crore, comprising Rs 5,700 crore for pensions and the rest for salaries.The country’s largest bank reported a net profit of Rs 9,164 crore for the quarter ended December 2023 … Read more
(This story originally appeared in on Feb 01, 2024) MUMBAI: RBI’s Wednesday diktat on Paytm Payments Bank is expected to weigh on the stock price of its parent, One97 Communications, which is still 65% down from the level the shares were sold in its IPO a little over two years ago. Paytm had gone public … Read more
MUMBAI: RBI‘s Wednesday diktat on Paytm Payments Bank is expected to weigh on the stock price of its parent, One97 Communications, which is still 65% down from the level the shares were sold in its IPO a little over two years ago. Brokers and analysts have turned bearish on the company with one report saying … Read more