For the first quarter, the State Bank of India reported a treasury income of ₹3,850 crore, the highest in the past 12 quarters. Likewise for Axis Bank, the whole business income was soft, but a treasury gain of ₹519 crore aided the return on assets (ROA) ratio.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may