In past four trading days, Nifty PSU Bank index has rallied 18 per cent as compared to a 9 per cent gain in the benchmark Nifty50
On a consolidated basis, its profit after tax stood at Rs 1,196 crore during the three months ended December, the bank said in a release
Despite interest income declining by almost 7 per cent, the lender's NII rose 8.65 per cent to Rs 7,749 crore
All that happened in the markets today
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The government said that none of the state-owned banks proposed to raise bank charges in the near future in view of the Covid-19 pandemic
Bank of Baroda, India's third-largest public-sector bank, announced a reduction in repo-linked lending rate from 7 per cent to 6.85 per cent
Net interest income rose almost 7 per cent to Rs 7,508 crore, compared to Rs 7,028 crore in Q2Fy20
In the previous quarter of the current fiscal (Q1FY21), the lender had incurred a loss worth Rs 864.26 crore
All that happened in the markets today