Banking Sector Records Over ₹3 Trillion in Net Profit for FY24; HDFC Bank, Axis, and Bank of Baroda Emerge as Leading Choices
Business
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Banking Sector Records Over ₹3 Trillion in Net Profit for FY24; HDFC Bank, Axis, and Bank of Baroda Emerge as Leading Choices

May 21, 2024
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Indian banks have shown robust earnings growth in the fourth quarter of FY24, primarily driven by healthy loan expansion. Listed banks experienced a boost in net profits, attributed to increased other income and credit growth. However, net interest margins displayed mixed trends, largely influenced by the upward pressure on funding

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