Here are the top stories from this evening to keep you updated. Follow the provided links to read each story in detail.
ICICI Bank Q2 Results: Net profit surges 36% to Rs 10,261 crore; bad loan provisions fall
ICICI Bank on October 21 registered 35.7 percent year-on-year growth in standalone profit and a 24 percent rise in net interest income in the July-September quarter of the fiscal year 2023-24 (Q2), with a significant fall in bad loan provisions. Read here
Zee row: SAT to announce judgment in Punit Goenka's appeal on Oct 30
The Securities Appellate Tribunal (SAT) is likely to deliver judgment in appeal by the former chief executive officer of Zee Entertainment Enterprises Ltd (ZEEL) Puneet Goenka challenging the SEBI order barring him from holding the post of director or other key managerial positions in the company and other firms on October 30. Read here
Kotak Mahindra Bank Q2 Results: Net profit jumps 24% to Rs 3,191 crore, asset quality stays healthy
Private sector lender Kotak Mahindra Bank on October 21 reported a net profit of Rs 3,191 crore for the July-September FY24 quarter, which marks a 23.66 percent jump as compared to Rs 2,581 crore clocked in the year-ago period. Read here
Kotak Mahindra Bank to appoint international banker Ashok Vaswani as new MD & CEO
Kotak Mahindra Bank on October 21 said that the Reserve Bank of India (RBI) has approved the appointment of Ashok Vaswani as the bank’s next Managing Director and chief Executive Officer (MD & CEO) following veteran banker and founder Uday Kotak's resignation from the post last month after being associated with the bank for 21 years. Read here
YES Bank Q2 earnings: Net profit rises over 47% to Rs 225.21 cr
YES Bank on October 21 reported a 47.4 percent rise in its net profit to Rs 225.21 crore in the second quarter of the current financial year. In the previous quarter last year, the net profit of the bank stood at Rs 152.82 crore. Read here
ED files first chargesheet in Mahadev betting app case
The Enforcement Directorate (ED) has filed its first chargesheet in connection with its money laundering investigation into the Mahadev betting app case that surfaced in Chhattisgarh recently. The prosecution complaint was filed by the federal probe agency before the special Prevention of Money Laundering Act (PMLA) court in Raipur on Friday. Read here
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