IDFC First Bank posted a net profit of Rs 803 crore for Q4 FY23, up 134 per cent on the year, led by 43 per cent growth in operating income to ₹4,994 crore. For FY23, profit after tax was ₹2,437 crore in FY23 compared with ₹145 crore a year ago.

“We have registered our highest ever quarterly and yearly profit. Now the bank is firmly into profits, and we believe we can deliver strong financial performance from here on,” MD and CEO V Vaidyanathan said.

The bank’s advances were at ₹1.6 lakh crore as of March 31, up 24 per cent YoY.

Crude prices rose for the first time in three sessions on Thursday as bulls sought to steer the oil trade away from global economic worries that pushed it toward a second straight week of losses. 

But gains were limited as data showed U.S. growth slowed more than expected in the first quarter despite resilient labor conditions that suggested more rate hikes to tame inflation.

New York-traded West Texas Intermediate, or WTI, settled up 46 cents, or 0.6%, at $74.76 per barrel. 

In yet another volatile session, the Indian equity indices ended higher on April 26, amid buying seen in most of the sectoral indices.

At close, the Sensex was up 169.87 points or 0.28 percent at 60,300.58, and the Nifty was up 44.30 points or 0.25 percent at 17,813.60.

On the back of weak global cues, the domestic market opened on a flat note and witnessed range-bound trading during the day. However, the final hour buying helped to close near the day’s high.

The Reserve Bank of India may be examining the proposal to re-appoint billionaire banker Uday Kotak as a non-executive director on the board of Kotak Mahindra Bank after his term ends in December, a person familiar with the matter said.

On 21 April, 99% of the shareholders of Kotak Mahindra Bank voted in favour of naming Uday Kotak as the non-executive non-independent director of the bank after he steps down as the managing director and chief executive officer.

Indian Railways will operate Bharat Gaurav Tourist Train for upcoming ‘Puri Gangasagar Bhavya Kashi Yatra’. This rail tour package will begin from Pune on April 28, 2023. The nine nights and 10 days tour will conclude on May 07, 2023 at Pune.

During the journey, the boarding and deboarding is available at a few selected railway stations. The tour will showcase important religious destinations of Puri, Kolkata, Gaya, Varanasi and Prayagraj.