The credit cost increased amid a higher slippage ratio owing to the micro, small, and medium enterprises (MSME) segment. The gross nonperforming asset (NPA) ratio continued to slide to a multi-quarter low. The share of the retail segment in the loan portfolio rose to 30% from 28% a year ago while the bank reported the highest ever net profit for the quarter and full year.
US stocks today: S&P 500 and Nasdaq hit record closing highs as US and Iran agree to extend ceasefire
The S&P 500 and Nasdaq hit record closing highs as hopes of a US Iran ceasefire extension boosted sentiment. Investors also digested US inflation rising