Institutional lending to stockbrokers witnessed a significant surge of 28% in FY25, fueled by increased trading activity and greater investor participation in the equities market. Punjab National Bank experienced the most substantial growth, while ICICI Bank remained the leading lender. Conversely, State Bank of India reduced its exposure to this sector during the same period.
Axis Bank Q2 profit up 38% on loan growth
Axis Bank has showcased impressive results with a 38% surge in net profit for the quarter ending in September. This significant growth stems from strong