State-owned Indian Bank has reported a 35% year-on-year rise in third quarter net profit at Rs 2852 crore, as against Rs 2119 crore in the year ago period, on account of higher earnings and lower provisions.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,