SBI Funds Management has entered the list of publicly traded asset management companies (AMCs) on Dalal Street, giving investors another opportunity to participate in India’s rapidly expanding mutual fund industry. The listing has intensified competition among leading AMCs, including HDFC AMC and ICICI Prudential AMC. Shares of SBI Funds Management debuted on July 21 at…
Axis Bank has delivered a stellar financial performance for the first quarter ended June 30, 2026, reporting a 22.2 percent year-on-year surge in consolidated net profit to ₹7,632.31 crore. The impressive growth, which comfortably beat market estimates, was primarily driven by a significant 42.1 percent drop in provisions and contingencies, which fell to ₹2,337.47 crore…
ICICI Bank shares climbed to an 11-month high on Friday, rising 2.2 per cent to ₹1,450 in intra-day trading on the BSE, as investors awaited the bank’s financial results for the April–June quarter of the 2026–27 financial year. The bank is scheduled to announce its first-quarter earnings on Saturday, alongside other major private sector lenders,…
Public sector lender Bank of Maharashtra (BoM) has reported strong financial growth for the first quarter of FY2026-27, with its total loan portfolio increasing by 27 per cent year-on-year to ₹3.06 trillion as of June 30. According to a regulatory filing, the bank’s outstanding credit stood at ₹2.41 trillion during the corresponding quarter of the…
