Business News
Home > Business News
Equity indices in green ahead of RBI policy announcement
TIWN
TIWN

PHOTO : TIWN
Mumbai, Aug 6 (TIWN) The key Indian equity indices traded on a positive note on Thursday ahead of the Reserve Bank of India's monetary policy announcement later in the day.
Canara Bank reported a mixed set of numbers, advances grew 3.3 percent YoY sequentially marginally declined. PAT at Rs 406 crore against loss of Rs 605 crore for the same quarter previous years. Moratorium Book at 22 percent. NIM at 2.84 percent which improved YoY and QoQ, CASA increased 240bps to 33.8 percent, Deposits grew 4.56 percent YoY, and marginally improved QoQ. Key monitorable for Canara bank would be moratorium number at the end of August, and when the return on equity improves.
Add your Comment
Comments (0)
More Business News
- India’s industrial growth at 3.5 pc in July signals healthy recovery: Economists
- AI to unlock $500 billion opportunity for India’s tech services: Report
- India’s credit rating upgrade to boost investors’ confidence, drive foreign capital inflows
- Centre to update WPI, IIP; announces launch of new Producer Price Index
- S&P Rating's growth projection for India is no surprise: SBI Research