This decline was influenced by the unwinding of carry trades and high local dollar demand. Central bank interventions helped limit the currency’s losses, with the rupee expected to remain under pressure.
Unlike a year ago, SBI did not have to make a ₹7,100-crore provision for employee pension and wages, boosting profit growth at the country’s most-valued
Amid expectations of a softer rate cycle, several banks plan to raise the share of MCLR-linked loans to protect net interest margins from falling sharply
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