Mumbai (Maharashtra) [India], Jan 31 (ANI): Government-owned State Bank of India (SBI) on Friday reported the highest-ever quarterly net profit of Rs 5,583 crore in the October to December quarter, up 41 per cent year-on-year due to lower provisions.
New York [USA], Aug 1 (ANI): The cut in US Fed funds rate is credit negative for American banks, applying renewed pressure on net interest margins (NIMs) and profitability that could stimulate further consolidation of the sector, Moody's Analytics said on Thursday.
New Delhi [India], May 9 (ANI): PNB Housing Finance Limited said on Thursday its net interest income registered a growth of 13 per cent to Rs 609.7 crore in the quarter ending March 31 from Rs 540.8 crore in the corresponding period of previous fiscal year.