Other income boosts performance of banks in Q4 amid muted growth in core operations

While a majority of the banks reported double-digit net profit growth for the March 2025 quarter, it was largely driven by a robust increase in the other income as most of them were unable to post strong growth in net interest income (NII).

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Federal Reserve holds rates steady in a divisive vote

The Federal Reserve kept interest rates unchanged. However, the decision revealed significant disagreements among officials. Three policymakers opposed the statement’s bias towards lowering borrowing costs.