While a majority of the banks reported double-digit net profit growth for the March 2025 quarter, it was largely driven by a robust increase in the other income as most of them were unable to post strong growth in net interest income (NII).
Despite market gains in June, fund managers adopted a cautious approach, selectively deploying capital. They favored financial institutions like L&T Finance and AU Small Finance
Asian stocks declined following mixed US inflation data, leading traders to reduce bets on Federal Reserve interest rate cuts. Concerns about persistent inflation were reinforced
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