RBI reported that Indian banks’ profitability improved for the sixth consecutive year as of March 2024, with asset quality reaching a 13-year low in non-performing assets. Banks’ net profit rose by nearly 33% and GNPA ratio fell to 2.7%, driven by better recoveries and upgrades.
Oil settles up over 1% on large draw from US crude stocks
Brent crude futures rose 91 cents, or 1.2%, to settle at $74.17 per barrel. U.S. West Texas Intermediate crude futures rose 98 cents, or 1.4%,
December 28, 2024