Axis Bank Posts First Ever Loss As Bad Loans Pile Up

Gold Silver Reports (GSR) – Axis Bank Posts First Ever Loss As Bad Loans Pile Up — The private lender reported a net loss of Rs 2,188.7 crore in the January-March quarter compared with a profit of Rs 1,225 crore a year ago, according to its exchange filing. Analysts tracked by Bloomberg had estimated a Rs 663 crore profit. The bank also reported tax write-back of Rs 1,300 crore, without which the net loss would have been wider.          

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Yes Bank Stock Rises As Asset Quality Improves In Q4

Gold Silver Reports (GSR) – Yes Bank Stock Rises As Asset Quality Improves In Q4 – Shares of the Mumbai-based private sector lender rose 2.2 percent to Rs 332 after its asset quality improved in March quarter. ✅ Net profit at Rs 1,179.44 crore versus Rs 914.12 crore (YoY) ✅ Net interest income …

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Hathway Cable Snaps 5-Day Losing Streak, Surges Over 8%

Gold Silver Reports (GSR) – Hathway Cable Snaps 5-Day Losing Streak, Surges Over 8% – Shares of the Mumbai-based digital cable TV service provider snapped its 5-day losing streak, rising 8.3 percent to Rs 35.20. In the last five trading sessions, the stock fell as much as 20 percent after it saw a slew of large block deals in the course of last five trading sessions.

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