ICICI Bank on Friday reported a 50 percent rise in profit after tax (PAT) to Rs 6,905 crore from Rs 4,616 crore in the same quarter last year. The bank said its net income (NII) rose 21 percent to Rs 13,210 crore in the same quarter last year. The net income margin (NIM) for the … Read more
Bank’s net interest margin (NIM) was 3.6 percent from April to June, down from 3.46 percent in the same period last year and 3.49 percent in the previous quarter.
What’s Going Down in the US Stock Market? See the pros and cons above What happened today in the US stock market? Markets continued to decline for a third consecutive day as concerns over aggressive interest rate hikes continued to weigh on sentiment. The Nasdaq was down 1.1%, the Dow was down 1% and the … Read more
India’s gross domestic product (GDP) grew 13.5% in the first quarter of this year (April to June), a significant increase from the 20.1% growth in the same period last year.
Negative economic growth in the first half of this year points to a deep recession that could continue into 2024.