SBI shares fell over 3% on Monday and are down 10% in two sessions despite the lender reporting a 6% YoY rise in Q4 standalone net profit to Rs 19,684 crore. Net interest income rose 4%, while provisions declined sharply. However, softer net interest margins weighed on investor sentiment following the March-quarter earnings announcement.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend