RBI Issues Circular On Levying Unfair Interest Charges On Customers

Wipro on Thursday posted a 35.65% year-on-year rise in consolidated net profit at Rs 3,242.60 crore for the quarter ended June 30. It had posted a profit of Rs 2,390.40 crore in the same period last year.

Here is the list of top stocks that could be in focus on May 31.

Results today: Aurobindo Pharma, Kolte Patil, Rupa and Shilpa Medicare are slated to announce their financial results for the March quarter on Monday.

Bank of Baroda: The bank posted a net loss of Rs 1,046.5 crore in Q4FY21 against a profit of Rs 506.59 crore, YoY, while net interest income rose 4.5% to Rs 7,106.62 crore from Rs 6,798.18 crore, YoY.

HDFC Bank: The Reserve Bank of India (RBI) imposed a Rs 10 crore penalty on the bank in relation to irregularities found in its auto loan portfolio.

Wipro: The IT major has sold its entire stake in Ensono Holdings, LLC for a consideration of $76.24 million.

Kotak Mahindra Bank: The bank’s board has approved a proposal to raise up to Rs 5,000 crore by issuing debt securities.

IndiGo, SpiceJet: The government extended the Emergency Credit Line Guarantee Scheme to the civil aviation sector, a move that is expected to provide a liquidity solace for the pandemic-hit segment.

Divi’s Laboratories: The company’s Q4FY21 consolidated net profit rose 29.3 percent to Rs 502.02 crore from Rs 388.23 crore and revenue jumped 28.7 percent to Rs 1,788.19 crore from Rs 1,389.71 crore, YoY.