Axis Bank announced its December quarter results. The bank’s standalone net profit saw a 3% increase, reaching Rs 6,490 crore. Interest income also grew by 4.3% to Rs 32,274 crore. The lender’s interest payments on deposits were up nearly 4% in the same period. These figures reflect the bank’s performance in the recent financial quarter.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,