Credit growth, quality assets likely to spur bank profits in Q4 FY24

With high credit growth and healthy asset quality, listed commercial banks are expected to report steady growth in earnings during the fourth quarter ended March 2024 (Q4 FY24). Illustration:......

Cheap valuation likely to lend support to LIC amid weak performance

Life Insurance Corporation of India (LIC) reported weak growth through H1FY24 but it witnessed a boost in embedded value (EV) due to equity-market performance. But concerns regarding its stock......

Banks' balance sheet grows in double digits after 7 years: RBI report

The health of Indian banks continued to improve in 2021-22 with their balance sheet growing at double digits after a gap of seven years and their asset quality and capital position bettering, the......

Lower bad loans push PSU banks' profitability in June quarter

Public sector banks have raked in more profits in the three months ended June on the back of a persistent decline in bad loans and the trend may have a positive bearing on their balance sheets in......