The Federal Reserve, concerned about a weakening labor market and rising unemployment, especially among minority groups, has lowered interest rates by a quarter of a percentage point. Further rate cuts are anticipated, despite persistent inflation above the Fed’s target.
IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY
IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off gain in the previous year. Excluding