Bankers and economists agree rates will soften, though the quantum would depend on banks' asset-liability profile
The Union Finance Ministry on Tuesday said that aggregate business of public sector banks (PSBs) has shown strong growth of 11 per cent in the first half of the financial year 2024-25 (H1FY25) to touch Rs 236 trillion. The operating and net profit were also robust. At Rs 1.5 trillion, operating profit grew by 14.4 per cent year-on-year (Y-o-Y) while the net profit saw an impressive 25.6 per cent jump at Rs 85,520 crore in the first half of FY25.
State-run Bank of India said on Thursday it will lower some deposit rates by 25-50 basis points from June 7.\n\n\n\n
