Fairfax-backed CSB Bank reported a 16% YoY rise in Q2 profit to ₹160 crore, driven by higher interest income and 16% NII growth to ₹424 crore. The bank plans to expand its retail, SME, and NRI businesses, including a new Dubai office, while maintaining a conservative gold loan strategy.
US consumer sentiment near record low ahead of midterm elections
In October, consumer sentiment in the U.S. plummeted to a concerning 48.0, driven by rising prices and economic worries amid the ongoing Middle East conflict.