The Federal Reserve reports that major US banks can withstand a severe economic downturn. These banks maintain strong capital levels even after significant losses. The central bank’s stress test indicates resilience against recession and market instability. This positive outcome may lead to increased shareholder payouts through dividends or buybacks. Banks are expected to announce capital plans soon.
CarTrade Tech shares slip 7% despite 19% YoY rise in Q1 profit; EBITDA surges 45%
CarTrade Tech shares fell over 7% despite the company reporting a strong Q1 FY27 performance, with consolidated net profit rising 19% YoY to Rs 51