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
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
Chartered accountant and Sebi registered investment advisor, Harsh Vardhan Roongta, answers your home loan queries
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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