The US central bank is widely expected to keep interest rates unchanged at its policy meeting next week, as energy prices stay high and supply chains snarled due to war in the Middle East.Read More
State-owned Uco Bank reported a 23% rise in Q4 net profit to Rs 801 crore, aided by lower provisions, though operating profit declined due to weaker core and non-interest income. Net interest margin slipped to 3%, even as advances grew 19.4% and deposits rose 11.6%.Read More
State-owned Uco Bank reported a 23% rise in Q4 net profit to Rs 801 crore, aided by lower provisions, though operating profit declined due to weaker core and non-interest income. Net interest margin slipped to 3%, even as advances grew 19.4% and deposits rose 11.6%.Read More
IDFC First Bank reported a modest 5% rise in Q4 net profit, aided by a 40% decline in provisions. However, a Rs 645-crore fraud at its Chandigarh branch sharply dented operating performance, leading to a 42% drop in operating profit after the bank fully expensed the impact during the quarter.Read More
Axis Bank’s net profit saw a slight dip in the fourth quarter. This was impacted by trading losses and a new provision for potential risks. Despite this, asset quality improved. The bank also saw growth in advances and deposits. A dividend has been recommended, and plans for capital raising are in place.Read More
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