RBL Bank reported a significant three-fold surge in net profit for the fourth quarter, reaching Rs 230 crore, driven by robust business expansion and improved asset quality. The bank’s net advances grew 23% year-on-year, with retail segment contributing substantially. Despite a dip in net interest margin, the bank’s overall financial performance showed strong growth.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of