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IndusInd Bank's Q4 profit jumps 50% to 20.41 billion

Loan demand for many Indian banks have seen double-digit growth even as the country's central bank persistently raised interest rates.

Provisions dropped 29.5% to 10.30 billion rupees, the company said in an exchange filing.(File image)
Published on Apr 24, 2023 04:33 PM IST
Reuters |

A pragmatic move by RBI

The rate hike pause was likely triggered by global uncertainties but will provide relief

And at a time when rapid rate tightening — the interest rate has gone up by 2.5 percentage points since May — has especially pinched retail borrowers, the pause should provide some relief. (Mint)
Published on Apr 06, 2023 07:34 PM IST
ByHT Editorial
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