In the last two policies, the RBI had increased the repo rate by 90 basis points. Many banks have increased their loans from May to July this year. Many lenders link their lending rates to the repo rate.
Kotak Mahindra Bank’s NII (interest income and expense differentiation) for the October-December period increased by 12% year-over-year to Rs 4,334 million. Net banking margin increased from 4.36% to 4.62% in the reporting quarter.
HDFC Bank NSE -0.34% on Saturday reported separate net income for the quarter ended June 30, 2022, up 19% year on year to Rs 9,195.99 crore. The net profit of the company was 7729 rupees. This was reported in the quarter of last year.
Shares of (ICICI Pru) fell 31% in Q3 2020 (Q4 2020), up 10% to Rs 370 per share, despite falling Rs 179 million on Monday on BSE. Closed in March. The company made a profit of 26.1 billion won last year.