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SBI and the seven investor banks had invested in Yes Bank as part of its reconstruction scheme in March 2020.
SBI's Executive Committee of the Central Board (ECCB) approved the deal involving the transfer of 413.44 crore equity shares (13.19% equity) at a price of Rs 21.50 per share, raking in a hefty Rs 8,888.97 crore for the PSU banking giant.
The transaction is expected to be wrapped up within 12 months, subject to the usual regulatory and statutory clearances.
SMBC, a premier Japanese multinational financial services firm and a part of the Sumitomo Mitsui Financial Group (SMFG), is the acquirer in this transaction.
As on March 2025, SBI is the largest shareholder in Yes Bank, holding 23.97%, followed by smaller stakes from HDFC (2.75%), ICICI (2.39%), Kotak Mahindra (1.21%), Axis (1.01%), IDFC First (0.92%), Federal (0.76%), and Bandhan (0.70%). Following the deal, SBI's stake in Yes Bank will drop to 10.78%.
Shares of Yes Bank surged 9.77% to settle at Rs 20.
Profit before tax stood at Rs 4,562.82 crore in the fourth quarter of FY25, down 12.21% from Rs 5,197.83 crore posted in the same quarter last year.
Net Interest Income (NII) for Q4 FY25 increased to Rs 7,284 crore, up 5% from Rs 6,909 crore recorded in Q4 FY24. Net interest margin (NIM) was 4.97% for Q4 FY25.
The bank’s operating profit rose marginally to Rs 5,472 crore in Q4 FY25 as against Rs 5,462 crore posted in Q4 FY24.
Fees and services grew by 6% YoY to Rs 2,616 crore in the quarter ending 31 March 2025. Customers as of 31 March 2025 were at 5.3 crore as compared to Rs 5 crore as of 31 March 2024.
Customer assets, comprising advances (including IBPC and BRDS) and credit substitutes, increased by 13% YoY to Rs 4,77,855 crore as of 31 March 2025, compared to Rs 4,23,324 crore as of 31 March 2024. Within this, advances (including IBPC and BRDS) rose by 13% YoY to Rs 4,44,316 crore as of 31 March 2025, up from Rs 3,91,729 crore as of 31 March 2024.
On the asset quality front, the gross non-performing asset (GNPA) ratio was 1.42% as of 31 March 2025, compared to 1.50% as of 31 December 2024 and 1.39% as of 31 March 2024.
The net non-performing assets (NNPA) ratio was 0.31% as of 31 March 2025, compared to 0.41% as of 31 December 2024 and 0.34% as of 31 March 2024.
The provision coverage ratio stood at 78% in Q4 FY25. During the quarter, slippages were at Rs 1,488 crore from Rs 1,305 crore reported in the same period a year ago.
The capital adequacy ratio of the bank, as per Basel III, as at 31 March 2025, was 22.2%, and the CET1 ratio was 21.1%. Return on assets (ROA) for Q4 FY25 (annualized) was 2.19%.
On a consolidated basis, the bank's PAT for Q4 FY25 was Rs 4,932.76 crore, down 7.57% YoY from Rs 5,337.20 crore in Q4 FY24. At the consolidated level, the return on assets (ROA) for Q4 FY25 (annualized) was 2.73% and the return on equity (ROE) for Q3 FY25 (annualized) stood at 12.90%.
The bank’s average liquidity coverage ratio stood at 135% for the quarter ending 31 March 2025.
Consolidated net worth as at 31 March 2025 was at Rs 157,395 crore (including an increase in reserves due to RBI’s Master Direction on investment valuation of Rs 5,630 crore and gain on Kotak General Insurance (KGI) divestment of Rs 3,013 crore).
Total assets under management as at 31 March 2025 were Rs 669,885 crore, up 20% YoY from Rs 560,140 crore as at 31 March 2024. The domestic MF equity AUM increased by 27% YoY to Rs 313,084 crore as of 31 March 2025.
Meanwhile, the company’s board has recommended a dividend of Rs 2.50 per equity share for the year ended 31 March 2025, subject to approval of shareholders.
Kotak Mahindra Bank is the flagship company of the Kotak Group and has diversified operations covering commercial vehicle financing, consumer loans, corporate finance, and asset reconstruction. Through its subsidiaries, the bank is engaged in investment banking, equity broking, securities-based lending, and car finance.
Barring private bank index all the sectoral indices on the NSE were traded in green with auto, oil & gas and FMCG stocks leading the gains.
At 13:30 IST, the barometer index, the S&P BSE Sensex, gained 284.90 points or 0.35% to 80,786.89 The Nifty 50 index rose 102.90 points or 0.42% to 24,449.60.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rallied 1.14% and the S&P BSE Small-Cap index gained 0.87%.
The market breadth was strong. On the BSE, 2,423 shares rose and 1,483 shares fell. A total of 180 shares were unchanged.
Economy:
India’s foreign exchange reserves (Forex) rose by USD 1.983 billion to USD 688.129 billion in the week that ended on April 25, extending gains for the eighth straight week, official data released by the Reserve Bank of India (RBI) this week showed.
The RBI data shows that foreign currency assets (FCAs) witnessed an uptick of USD 2.168 billion, reaching USD 580.663 billion.
In the reported week, the gold reserves with the RBI declined by USD 207 million, standing at USD 84.365 billion.
The Special Drawing Rights (SDRs), which are kept with the International Monetary Fund (IMF), witnessed a rise reaching USD 18.589 billion, up USD 21 million in the reporting week.
India’s foreign exchange reserves rose USD 8.310 billion to USD 686.145 billion in the week that ended on April 18.
Gainers & Losers
Adani Enterprises (up 7.22%), Adani Ports & Special Economic Zone (APSEZ)(up 7.02%), Trent (up 3.93%), Shriram Finance (up 3.55%) and Mahindra & Mahindra (up 2.80%) were the major Nifty gainers.
Adani Ports & Special Economic Zone (APSEZ) jumped 7.02% after the company handled 375 MMT of total cargo volumes during the April 2025, which is higher 4% on a year on year (YoY) basis
Kotak Mahindra Bank (down 4.96%), ONGC (down 2.05%), Dr Reddy’s Laboratories (down 1.18%), Axis Bank (down 1.03%) and JSW Steel (down 0.97%) were the major nifty losers.
Kotak Mahindra Bank dropped 4.96% after the private lender's standalone net profit fell 14.07% to Rs 3,551.74 crore in Q4 FY25 as against Rs 4,133.30 crore posted in Q4 FY24. However, total income rose 9.33% year on year (YoY) to Rs 16,712.23 crore in the quarter ended 31 March 2025.
Stocks in Spotlight:
State Bank of India (SBI) slipped 1.12% after the bank’s standalone net profit declined by 9.93% year-on-year (YoY) to Rs 18,642.59 crore in Q4 FY25, compared to Rs 20,698.35 crore reported in Q4 FY24. However, total income increased 12.04% YoY to Rs 1,43,876.06 crore in the quarter ended 31 March 2025.
Avenue Supermarts (Dmart) declined 1.19% after the company’s consolidated net profit fell 2.19% to Rs 550.90 crore in Q4 FY25 as compared with Rs 563.25 crore in Q4 FY24. Revenue from operations jumped 16.86% YoY to Rs 14,871.86 crore during the quarter ended 31st March 2025.
Marico rallied 4.04% after the company reported a 7.86% jump in consolidated net profit to Rs 343 crore in Q4 FY25 as compared with Rs 318 crore in Q4 FY24. Revenue from operations increased 19.84% to Rs 2,730 crore during the quarter as compared with Rs 2,278 crore in Q4 FY24. Meanwhile the company’s board recommended final dividend of Rs 7 per equity share of Re 1 each. The record date was fixed as Friday, 1 August 2025. It will be paid on or before Sunday, September 7, 2025.
Mahindra & Mahindra added 2.80% after the auto major's standalone net profit surged 21.85% to Rs 2,437.14 crore in Q4 FY25 as against Rs 2,000.07 crore recorded in Q4 FY24. Revenue from operations increased 24.50% year on year (YoY) to Rs 31,353.40 crore in the quarter ended 31 March 2025.
Netweb Technologies India surged 13.27% after the company’s consolidated net profit jumped 44.97% to Rs 42.99 crore on 55.95% increase in revenue from operations to Rs 414.65 crore in Q4 FY25 over Q4 FY24.
RR Kabel surged 14.23% after the company’s consolidated net profit jumped 64.04% to Rs 129.13 crore on a 26.44% increase in revenue from operations to Rs 2,217.84 crore in Q4 FY25 over Q4 FY24.
Global market:
The US Dow Jones index futures were currently down by 226 points, signaling a negative opening for US stocks today.
European market traded mixed on Monday, with U.K. markets closed for a bank holiday, as investors looked ahead to the latest economic data and corporate earnings reports due this week.
Data released on Monday showed that Swiss inflation fell to 0% in April compared to the same month a year earlier. Consumer price data from Turkey is also expected. On the earnings front, several major companies are due to report in the coming days including Novo Nordisk, BMW, Maersk and Commerzbank.
Central Banks across Europe will also be in focus this week, with Sweden’s Riskbank, Norway’s Norges Bank and the Bank of England among those announcing their latest interest rate decisions.
Asian markets were mostly closed today due to public holidays in countries like Japan, South Korea, Hong Kong and China. However, the Singapore and Jakarta market remained open and traded in the green.
Investors remained cautious ahead of potential U.S.-China trade negotiations and the upcoming U.S. Federal Reserve policy meeting later in the week.
China stated last week that it is considering trade discussions with the United States, emphasizing that any talks must be based on mutual sincerity and the removal of unilateral tariffs. This statement followed recent U.S. comments indicating a willingness to resume negotiations.
In the United States, equities closed higher on Friday, supported by gains in the financial, industrial, and oil and gas sectors. The Dow Jones Industrial Average rose by 1.39%, the S&P 500 gained 1.47%, and the NASDAQ Composite advanced 1.51%.
Apple Inc. shares declined by over 3% following the company’s announcement of approximately $900 million in expected tariff-related costs for the upcoming quarter. Although Apple reported fiscal second-quarter earnings that exceeded expectations—driven by stronger-than-anticipated iPhone sales—concerns over tariffs tempered investor sentiment.
Amazon stock ended marginally lower after the company issued softer guidance for the current quarter and reported slower growth in its cloud computing division.
U.S. nonfarm payrolls increased by 177,000 in the previous month, exceeding expectations and suggesting continued strength in the labor market despite trade policy uncertainties. This followed a downwardly revised gain of 185,000 in March. The unemployment rate remained steady at 4.2%, while average hourly earnings rose by 0.2%, down slightly from the previous month’s 0.3% increase.
The Federal Reserve is set to begin its two-day policy meeting on Tuesday. It is widely expected to keep interest rates unchanged amid global economic uncertainty. Fed Chair Jerome Powell recently indicated a cautious stance, citing inflation concerns linked to trade tariffs, despite calls from President Donald Trump and Treasury Secretary Scott Bessent to reduce policy rates.
Jindal Saw Ltd, Kotak Mahindra Bank Ltd, KFin Technologies Ltd and Concord Biotech Ltd are among the other losers in the BSE's 'A' group today, 05 May 2025.
V-Mart Retail Ltd crashed 6.49% to Rs 3151.6 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 6990 shares were traded on the counter so far as against the average daily volumes of 1526 shares in the past one month.
Jindal Saw Ltd lost 4.51% to Rs 234.15. The stock was the second biggest loser in 'A' group.On the BSE, 1.39 lakh shares were traded on the counter so far as against the average daily volumes of 79955 shares in the past one month.
Kotak Mahindra Bank Ltd tumbled 4.30% to Rs 2091. The stock was the third biggest loser in 'A' group.On the BSE, 1.37 lakh shares were traded on the counter so far as against the average daily volumes of 1.14 lakh shares in the past one month.
KFin Technologies Ltd slipped 4.00% to Rs 1089.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.14 lakh shares were traded on the counter so far as against the average daily volumes of 1.72 lakh shares in the past one month.
Concord Biotech Ltd shed 3.32% to Rs 1443.65. The stock was the fifth biggest loser in 'A' group.On the BSE, 9972 shares were traded on the counter so far as against the average daily volumes of 2495 shares in the past one month.
In the cash market, the Nifty 50 index rose 114.45 points or 0.47% to 24,461.15.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.43% to 18.34.
State Bank of India, Mahindra & Mahindra and Kotak Mahindra Bank were the top traded individual stock futures contracts in the F&O segment of the NSE.
The May 2025 F&O contracts will expire on 29 May 2025.
For the full year,net profit rose 21.48% to Rs 22125.99 crore in the year ended March 2025 as against Rs 18213.21 crore during the previous year ended March 2024. Total Operating Income rose 16.77% to Rs 65668.83 crore in the year ended March 2025 as against Rs 56236.63 crore during the previous year ended March 2024.