The operating income of the bank fell by 5.17 per cent to Rs 25,612 crore during April-June quarter of 2017-18
The Reserve Bank of India kept its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday.
'The rate cut could have been higher in the current economic conditions which would have had a stronger impact on business sentiment and spurred investment in a big way.'
The BSE Mid-cap index gained 1.1% while the Small-cap index surged 1.3%, outperforming the benchmark indices
'They should decide their allocation based on their risk appetite and age, and not valuations.'
After months of denying there was a liquidity problem, Governor Raghuram Rajan has reversed course.
Bankers said high interest rate could make Indian economy sluggish given that inflation is around 5%
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
Chartered accountant and Sebi registered investment advisor, Harsh Vardhan Roongta, answers your home loan queries
What differentiates Rajan from his predecessors is his proactive steps in anticipating a problem and coming up with out-of-the-box solutions
Thanks to Rajan we are an inflation-targeting country now
The central bank has, so far, cut its repo rate by 125 bps.
The banking sector in India is reeling under Rs 8 lakh crore of non performing assets (NPAs) or bad loans, of which PSU banks alone account for over Rs 6 lakh crore.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
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