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Net interest income - the difference between interest earned on loans and that paid on deposits - a key source of income for banks, grew 9% year-on-year to 13,483 crore. Net interest margins for the September quarter basis eased to 3.99% against 4.11% a year ago.
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The Nifty Auto index fell 3.5% while the benchmark Nifty ended 0.89% lower. All 15 stocks constituting the index closed lower on Thursday. Analysts said higher sales volumes typically mark the festival season for automobile manufacturers, but Bajaj Auto's lower-than-expected growth estimates surprised investors.
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News and Media
Billions of pounds of government borrowing could be spent on new infrastructure projects because of new self-imposed Treasury rules.
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News and Media
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