Author: Bella Hayes

GuruFocus – Profit Before Tax (Excluding Treasury): INR152.89 billion, up 12.8% year on year.Core Operating Profit: INR165.16 billion, up 13.1% year on year.Profit After Tax: INR117.92 billion, up 14.8% year on year. Total (EPA:) Deposits: Grew by 14.1% year on year.Domestic Loan Portfolio Growth: 18.1% year on year.Net NPA Ratio: 0.42% as of December 31, 2024.Provisioning Coverage Ratio: 78.2% on non-performing loans.Net Interest Income: INR203.71 billion, up 9.1% year on year.Net Interest Margin: 4.25% for the quarter.Non-Interest Income (Excluding Treasury): INR66.97 billion, up 12.1% year on year.Operating Expenses: Increased by 5% year on year.Branch Count: 6,742 branches as of December…

GuruFocus – Total (EPA:) Income (Standalone Q3 FY25): INR42,303 crores, a growth of 5% from the previous year.Total Income (Standalone 9M FY25): INR1,28,601 crores, a 6% increase from the previous period.Profit After Tax (Standalone Q3 FY25): INR4,711 crores, a 3% increase from the previous year.Profit After Tax (Standalone 9M FY25): INR13,871 crores, an 11% increase from the previous period.Total Income (Group 9M FY25): INR1,39,777 crores, a 6% increase from the previous period.Profit After Tax (Group 9M FY25): INR16,056 crores, an 8% increase from the previous period.Subsidiaries Profit (9M FY25): INR1,908 crores, a 26% increase from the previous year.Share of Profit…

GuruFocus – Release Date: January 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points IDFC First Bank (NASDAQ:) Ltd (BOM:539437) reported a 24% year-over-year expansion in its balance sheet, reaching approximately 3.3 lakh crores.CASA deposits grew by 35% year-over-year, indicating strong growth in low-cost deposits.Retail term deposits increased by 30% during the quarter, showcasing robust retail banking growth.The credit deposit ratio improved to 95.7%, reflecting a healthy balance between deposits and advances.The bank’s core operating profit, excluding trading gains, grew by 15% year-over-year, demonstrating strong underlying business performance. Negative…

DAVOS, Switzerland, Jan. 26, 2025 /PRNewswire/ —  On the morning of January 22, 2025,  Zhong Baoshen, Chairman of LONGi, attended the “WEF Industry CEOs Meeting” with Christian Bruch, President and CEO of Siemens (ETR:) Energy; Gurdeep Singh, Chairman and Managing Director of NTPC (NSE:) (National Thermal Power Corporation (TSX:) of India); Andrés Gluski, CEO of AES (NYSE:); Sophie Hermans, Deputy Prime Minister and Minister of Climate Policy and Green Growth of the Netherlands; and Alexandre Silveira, Minister of Mines and Energy of Brazil, to discuss the major challenges facing the power industry and the growing importance of the photovoltaic (PV)…

New York, New York–(Newsfile Corp. – January 25, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of stock or sellers of puts of Capri Holdings Limited (NYSE: NYSE:) between August 10, 2023 and October 24, 2024, both dates inclusive (the “Class Period”), of the important February 21, 2025 lead plaintiff deadline. SO WHAT: If you purchased Capri stock or sold Capri puts during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Capri…

New York, New York–(Newsfile Corp. – January 25, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of DMC Global Inc. (NASDAQ: NASDAQ:) between May 3, 2024 and November 4, 2024, both dates inclusive (the “Class Period”), of the important February 4, 2025 lead plaintiff deadline. SO WHAT: If you purchased DMC Global securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the DMC Global class action, go to https://rosenlegal.com/submit-form/?case_id=32173…

New York, New York–(Newsfile Corp. – January 25, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Marqeta , Inc. (NASDAQ: NASDAQ:) between May 7, 2024 and November 4, 2024, both dates inclusive (the “Class Period”), of the important February 7, 2025 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Marqeta securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To…

New York, New York–(Newsfile Corp. – January 25, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Cassava Sciences, Inc. (NASDAQ: NASDAQ:) between February 7, 2024 and November 24, 2024, both dates inclusive (the “Class Period”), of the important February 10, 2025 lead plaintiff deadline. SO WHAT: If you purchased Cassava securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Cassava class action, go to https://rosenlegal.com/submit-form/?case_id=22374 or call…

LONDON–(BUSINESS WIRE)–On Jan. 21, 2025, CSG learned that an external party gained unauthorized access to a single provider’s data residing on a CSG platform. We have no evidence that CSG’s technologies and systems were compromised or that CSG was the cause of the unexpected access to the data. CSG provided immediate containment and is actively supporting our customer. CSG remains committed to keeping customer and consumer data safe. We take all matters of security seriously and will continue to work on behalf of our customer to resolve this issue. About CSG CSG empowers companies to build unforgettable experiences, making it…

New York, New York–(Newsfile Corp. – January 25, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of purchasers of Class A common stock of Block, Inc. (NYSE: SQ, XYZ) between February 26, 2020 and April 30, 2024, both dates inclusive (the “Class Period”). A class action has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 18, 2025. SO WHAT: If you purchased Block Class A common stock during the Class Period you may be…