Indian banks anticipate strong profitability in the third quarter. Falling deposit rates and Reserve Bank of India’s liquidity measures will support net interest margins. Credit growth remains robust, especially for large lenders. Stable asset quality and fee income will also contribute positively. Analysts foresee steady margins and improved profitability driven by loan growth and lower credit costs.
ACC Q3 Results: Cons profit plunges 63% YoY to Rs 404 crore, but revenue rises 22%
ACC Q3 Results: ACC’s net profit saw a significant drop of 63 percent year-on-year for the December quarter. The company posted a profit of Rs